What Caused The Ryvyl Inc (RVYL) Stock To Rise In Pre-Market Session Wednesday?

Since Ryvyl Inc. (Nasdaq: RVYL) will shortly release its quarterly results, shares of the business are currently up 19.54% to trade at $1.04 in pre-market.

When will RVYL release the financial information?

On Monday, November 14, 2022, Ryvyl Inc. (RVYL) will release financial results for the third quarter of 2022. On Monday, November 14, 2022, at 4:30 EST, Ryvyl Inc. will conduct a conference. The schedule for the meeting includes a discussion of financial results, a company update, and an audio Q&A session with the C-suite leadership.

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Name-change strategy:

Recent name changes from GreenBox POS (NASDAQ: GBOX) to Ryvyl Inc. were authorized by RVYL shareholders. On October 6, stockholders decided to approve the modification. The financial market’s transformation as well as the desire to effectively represent the company’s cutting-edge and expanded product and service offerings was the driving force behind the name and branding revisions. Since its creation in 2017, RVYL, formerly GreenBox, has changed its focus from a localized market to one focused on being a worldwide facilitator and influencer in the payments industry.

TVYL management was thrilled that shareholders decided to approve the name and brand since it conveys a clear vision for the future of the firm. The management of RVYL worked tirelessly to communicate its ingrained principles of tenacity, passion, moxie, vision, empowerment, integrity first and being cutting-edge while delivering a world-class brand that is unmatched in the fintech business. The significance of the Ryvyl name and the stunning branding created by top agency INNOCEAN USA have motivated the company’s shareholder community to approve this transformation.

The Secretaries of State in all the states where GreenBox POS was registered (California, Nevada, and Hawaii) approved the new name, and the name change was implemented internationally. With a name that matches its cutting-edge technology, the firm is now well-positioned to lead the fintech sector while offering real advantages to companies, consumers, financial institutions, workers, and all of its partners and stakeholders.

How well is RVYL still doing?

The RYVYL brand is intended to highlight the development of outstanding stablecoin and blockchain processes and offers as well as the ongoing progress in technology. In the second quarter of 2022, Ryvyl Inc (RVYL) set a record for processing volume with over $1 billion, more than doubling Q2 2021 and coming in nearly 50% ahead of internal forecasts.

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