RYVYL (NASDAQ: RVYL), a company that leverages the security of the blockchain and USD-pegged stablecoin technology with near-real-time attestation to conduct payment transactions, and its wholly-owned subsidiary in Europe, RYVYL EU, have partnered with Visa. The company announced that the strategic partnership allows RYVYL EU’s customers to use Visa Direct, a state-of-the-art, account-to-account transfer solution. According to the announcement, the two companies are working to “revolutionize the way funds are transferred between accounts, providing fast, convenient, and secure transactions.” The agreement enables RYVYL EU customers to access highly advanced and convenient payment services via Visa Direct, providing seamless and secure international transactions to authorized accounts in more than 80 countries without needing correspondent banks. The company noted that this service is especially beneficial in areas with low card usage but high bank account access, such as Asia Pacific and Latin America.
“We are excited that RYVYL EU has been selected as Visa’s first partner in Bulgaria for its Visa Direct solution due to our long-standing relationship as a principal member and our comprehensive range of payment solutions that align perfectly with Visa Direct account-to-account transfers,” said RYVYL CEO and cofounder Fredi Nisan in the press release. “This partnership is also one of the first few in the Eastern Europe region. Facilitating transfers through Visa Direct gives RYVYL EU a competitive advantage over other financial institutions allowing the services that the RYVYL family of companies provide to keep pace in the rapidly evolving payments industry. It aligns with the RYVYL’s strategic objectives, which include potential revenue growth, industry leadership in the money movement sector, expansion into new markets and customer bases, and delivering a best-in-class user experience.”
To view the full press release, visit https://ibn.fm/DMKIZ
About RYVYL
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, 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 about the company, please 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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