BAAS

RYVYL Reports Third Quarter 2023 Financial Results

Retrieved on: 
Monday, November 13, 2023

SAN DIEGO, CA, Nov. 13, 2023 (GLOBE NEWSWIRE) -- RYVYL Inc. (NASDAQ: RVYL) ("RYVYL” or the "Company"), a leading innovator of payment transaction solutions leveraging proprietary blockchain ledger and electronic token technology for the diverse international markets, has provided its financial results for the third quarter ended September 30, 2023.

Key Points: 
  • SAN DIEGO, CA, Nov. 13, 2023 (GLOBE NEWSWIRE) -- RYVYL Inc. (NASDAQ: RVYL) ("RYVYL” or the "Company"), a leading innovator of payment transaction solutions leveraging proprietary blockchain ledger and electronic token technology for the diverse international markets, has provided its financial results for the third quarter ended September 30, 2023.
  • Revenue increased by $6.9 million, or 64%, to $17.5 million for the quarter ended September 30, 2023, from $10.6 million for the year-earlier quarter.
  • Other income (expense) net, amounted to ($0.6) million for the quarter ended September 30, 2023, compared to ($12.7) million in the year-earlier quarter.
  • Management will host a conference at 4:30 p.m. Eastern Time on Monday, November 13, 2023 to discuss third quarter 2023 financial results, provide a corporate update and conclude with a Q&A session.

PayBito Observes a Sudden Surge Among Investors Opting for Crypto Broker Platform

Retrieved on: 
Thursday, November 16, 2023

PALO ALTO, Calif., Nov. 16, 2023 /PRNewswire-PRWeb/ -- The crypto industry started with just one cryptocurrency, Bitcoin. However, it has now grown to a whopping $1.41 trillion with over 20,000 cryptocurrencies being traded in the market. Despite this, many experts believe that the true potential of cryptocurrencies is yet to be fully realized. 33 new cryptocurrencies are introduced every week to the market.

Key Points: 
  • PayBito, the US-based crypto exchange observes a sudden surge among investors to venture into its crypto broker platform, which was released earlier this year.
  • PayBito, a well-known US-based crypto exchange that operates globally, has reported a sudden surge in investors opting for its crypto broker platform .
  • PayBito made headlines earlier this year when it released the world's first white-label crypto broker platform, catering to entrepreneurs, institutional investors, and individual brokers.
  • PayBito, a leader in crypto innovation, recently launched the world's first crypto broker platform.

EQS-News: Monty Mobile Showcase their Elevated Mobile Digital Banking Services at 18th edition of the Wholesale Agreements and Solutions (WAS18) in Croatia

Retrieved on: 
Tuesday, October 17, 2023

Monty Mobile ( https://MontyMobile.com/ ), the fast-growing global telecommunication company offering innovative technology and communication solutions, is participating in the 18th edition of the Wholesale Agreements and Solutions (WAS) conference, taking place in Šibenik, Croatia between the 16th and the 19th of October 2023.

Key Points: 
  • Monty Mobile ( https://MontyMobile.com/ ), the fast-growing global telecommunication company offering innovative technology and communication solutions, is participating in the 18th edition of the Wholesale Agreements and Solutions (WAS) conference, taking place in Šibenik, Croatia between the 16th and the 19th of October 2023.
  • CEO of Monty Mobile, Hassan Mansour, stated: "We are as excited to take part of this year’s edition of WAS, as we have in the past editions.
  • This transformation delivers personalized and proactive digital banking experiences to subscribers, propelling telcos into the realm of comprehensive banking services.
  • It is worth mentioning that Monty Mobile will be hosting the next edition, WAS#19, which will be taking place in Turkey next year.

RYVYL Reports Second Quarter 2023 Financial Results

Retrieved on: 
Monday, August 14, 2023

SAN DIEGO, CA, Aug. 14, 2023 (GLOBE NEWSWIRE) -- RYVYL Inc. (NASDAQ: RVYL) ("RYVYL” or the "Company"), a company that leverages the security of the blockchain and USD-pegged stablecoin technology with near-real-time attestation capabilities to conduct payment transaction, has provided its financial results for the second quarter 2023.

Key Points: 
  • Revenue increased by $7.9 million, or 113%, to $14.8 million for the quarter ended June 30, 2023, from $6.9 million for the year-earlier quarter.
  • The change in net revenue was primarily attributable to significant growth in processing volume from our acquiring business, RYVYL EU and American Samoa in the second quarter of 2023, compared to the year-earlier quarter.
  • Gross margins increased to 41% in the quarter ended June 30, 2023, compared to 39% in the year earlier quarter.
  • Management will host a conference at 4:30 p.m. Eastern Time on Monday, August 14, 2023 to discuss second quarter 2023 financial results, provide a corporate update and conclude with a Q&A session.

PayBito Empowers Entrepreneurs to Become IBOs Instantly

Retrieved on: 
Wednesday, May 31, 2023

PALO ALTO, Calif., May 31, 2023 /PRNewswire-PRWeb/ -- PayBito, the US-based global cryptocurrency exchange, is making waves in the financial industry by introducing solutions that foster financial inclusivity and garnering substantial attention. Their most recent product, a cutting-edge crypto broker solution, leverages revolutionary BAAS (Brokerage-as-a-Service) technology, allowing individuals to become independent business owners in minutes. This innovative offering provides lucrative earning prospects driven by the crypto brokerage platform.

Key Points: 
  • PayBito's cutting-edge crypto brokerage platform provides entrepreneurs with a chance to become IBOs within minutes, in the crypto space.
  • Entrepreneurs can establish their businesses utilizing the PayBito brand, complete with personalized features, robust security protocols, and wallet management, all within a few days.
  • Free Training Sessions: The training session by PayBito experts is comprehensive and easily understandable, ensuring accessibility for individuals with no prior experience.
  • PayBito consistently focuses on reinventing itself to ensure the inclusion of cutting-edge tools, robust security features, and other necessary facilities to sustain long-term success.

RYVYL Reports First Quarter 2023 Financial Results

Retrieved on: 
Monday, May 22, 2023

SAN DIEGO, CA, May 22, 2023 (GLOBE NEWSWIRE) -- RYVYL Inc. (NASDAQ: RVYL) ("RYVYL” or the "Company"), a company that leverages the security of the blockchain and USD-pegged stablecoin technology with near-real-time attestation to conduct payment transaction, has provided its financial results for the first quarter 2023.

Key Points: 
  • SAN DIEGO, CA, May 22, 2023 (GLOBE NEWSWIRE) -- RYVYL Inc. (NASDAQ: RVYL) ("RYVYL” or the "Company"), a company that leverages the security of the blockchain and USD-pegged stablecoin technology with near-real-time attestation to conduct payment transaction, has provided its financial results for the first quarter 2023.
  • FX and international payments business, including Transact Europe, reported over $344 million in business volume during the quarter.
  • We are pleased to report a record first quarter 2023 of $11.3 million, outstanding growth from the prior year of 169%.
  • Management will host a conference at 4:30 p.m. Eastern Time on Monday, May 22, 2023 to discuss first quarter 2023 financial results, provide a corporate update and conclude with a Q&A session.

RYVYL Reports Fourth Quarter and Full Year 2022 Financial Results

Retrieved on: 
Monday, April 17, 2023

SAN DIEGO, CA, April 17, 2023 (GLOBE NEWSWIRE) -- RYVYL Inc. (NASDAQ: RVYL) ("RYVYL” or the "Company"), a company that leverages the security of the blockchain and USD-pegged stablecoin technology with near-real-time attestation to conduct payment transaction, has provided its financial results for the fourth quarter and full year ending December 31, 2022.

Key Points: 
  • Record fourth quarter revenue $11.1 million increased 56% compared to $7.1 million during the fourth quarter 2021.
  • Fourth quarter net revenue increased by $4.0 million or 56%, to $11.1 million from $7.1 million in the year earlier quarter.
  • Fourth quarter adjusted EBITDA is negative $1.9, compared to a negative $16.5 million in the same quarter a year ago.
  • Management will host a conference call on Monday, April 17, 2022 at 4:30 p.m. Eastern time to discuss RYVYL’s fourth quarter and full year 2022 financial results and will conclude with a Q&A session.

Flux Challenges the largest computer providers with the Launch of its Web3 Cloud Service

Retrieved on: 
Wednesday, March 29, 2023

Flux Cloud uses blockchain technology to provide clients with various tools and an environment to turn their ideas into efficient and scalable applications.

Key Points: 
  • Flux Cloud uses blockchain technology to provide clients with various tools and an environment to turn their ideas into efficient and scalable applications.
  • Flux chief business officer Davy Wittock says that Flux Cloud approaches the problem differently from the Web2 giants that are currently dominating the web services space.
  • “Clients don't need to procure data centers or bandwidth because we host everything on the blockchain, and that's the main strength of Flux.
  • With the world of Web3 and blockchain desperately in need of its WordPress moment, Flux is in the process of announcing exactly that.

Virtuzone and Wio Bank partner to drive digital innovation and give SMEs the ability to open a fully digital business bank account

Retrieved on: 
Thursday, October 20, 2022

Virtuzone, in collaboration with Wio Bank, offers entrepreneurs seamless access to banking services through Wio's SME-focused digital banking application, Wio Business.

Key Points: 
  • Virtuzone, in collaboration with Wio Bank, offers entrepreneurs seamless access to banking services through Wio's SME-focused digital banking application, Wio Business.
  • Paul Bryson, Group Commercial Director at Virtuzone, signed the MoU with Prateek Vahie, Chief Commercial Officer at Wio Bank.
  • Built to get SMEs up and running quickly by providing easy and simple banking tools to manage their business better, Wio Business heralds the arrival of next-generation banking in the region.
  • Wio Business is curated to enable startups, freelancers and small and medium enterprises (SMEs) with seamless access to business banking services while empowering them with innovative beyond-banking services.

Virtuzone and Wio Bank partner to drive digital innovation and give SMEs the ability to open a fully digital business bank account

Retrieved on: 
Thursday, October 20, 2022

Virtuzone, in collaboration with Wio Bank, offers entrepreneurs seamless access to banking services through Wio's SME-focused digital banking application, Wio Business.

Key Points: 
  • Virtuzone, in collaboration with Wio Bank, offers entrepreneurs seamless access to banking services through Wio's SME-focused digital banking application, Wio Business.
  • Paul Bryson, Group Commercial Director at Virtuzone, signed the MoU with Prateek Vahie, Chief Commercial Officer at Wio Bank.
  • Built to get SMEs up and running quickly by providing easy and simple banking tools to manage their business better, Wio Business heralds the arrival of next-generation banking in the region.
  • Wio Business is curated to enable startups, freelancers and small and medium enterprises (SMEs) with seamless access to business banking services while empowering them with innovative beyond-banking services.