GreenBox POS (GBOX)’s blockchain developments have deposed vigorous growth. The volume of transactions processed by the GreenBox POS in 2021 has doubled its estimates and anticipates a further rise.
In the GreenBox ecosystem, companies are provided with the tools to manage transactions across services securely. With GreenBox’s extensive suite of turnkey solutions, including a blockchain network id for creating customized payment solutions, it’s possible to leverage blockchain technology to enhance existing payment schemes. A trend has emerged where more and more businesses connect the possibility of paying in cryptocurrencies, and GreenBox is one of the beneficiaries.
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GreenBox POS (GBOX) updated its estimates for the year ahead this week. GreenBox earlier determined the volume of transactions processed using its GreenBox technologies to reach $ 600 million by 2021. This figure is estimated to be at least $ 1.2 billion now. A quarterly forecast crafted by GreenBox management was based on the fourth quarter of 2020 and was too conservative. The adoption rate for blockchain technologies during the first quarter was very high, which may become an additional factor driving growth throughout the year.
The most promising feature of GreenBox is its innovative contract technology, which enables blockchain transactions of any value, like virtual currencies and fiat currency, as well as physical goods in global supply chains.
GreenBox POS (GBOX) ‘s share price rose by 28.55% to close at $19.90 in the last trading session. The stock saw a trading volume of 4,08 million shares. Over the previous five days, GreenBox POS shares have gained 52.84%; however, GBOX has gained 75.33% over the last month. The stock price has increased 239.65% over the last three months and 204.28% this year. Additionally, its price to sales ratio is 72.83.