RYVYL (NASDAQ: RVYL), which leverages the security of the blockchain and USD-pegged stablecoin technology with near-real-time attestation to conduct payment transactions, today announced that its board of directors has approved the merger of coyni Inc., RYVYL’s wholly owned subsidiary, and Logicquest Technology Inc., a shell company majority owned by RYVYL. “Today we are pleased to take another meaningful step forward towards completion of our vision to spin-off of coyni as part of our broad value creation strategy,” said Ben Errez, chairman of RYVYL Inc. “Once complete, we’ll commence our capital raising plans with line of sight on a Nasdaq up listing and special share dividend to unlock significant value for our shareholders.”
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About RYVYL Inc.
RYVYL was born from a passion for empowering a new way to conduct business-to-business, consumer-to-business and peer-to-peer payment transactions around the globe. By leveraging unique blockchain security and USD-pegged stablecoin technology with near real-time attestation, RYVYL is reinventing the future of financial transactions using its coyni(R) stablecoin platform as a transactional foundation. Since its founding as GreenBox POS in 2017 in San Diego, RYVYL has developed applications enabling an end-to-end suite of turnkey financial products with enhanced security and data privacy, world-class identity theft protection, and rapid speed to settlement. As a result, the platform can log immense volumes of immutable transactional records at the speed of the internet for first-tier partners, merchants and consumers around the globe. For more information, visit www.RYVYL.com
NOTE TO INVESTORS: The latest news and updates relating to RVYL are available in the company’s newsroom at https://ibn.fm/RVYL
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