Chairman Ben Errez comments on the fallout from recent cryptocurrency crises and implications for RYVYL
SAN DIEGO, CA, Dec. 13, 2022 (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 today announced a letter to shareholders regarding recent events in the cryptocurrency market and the implications on RYVYL.
Management Commentary by Chairman, Ben Errez:
My fellow shareholders,
It’s been a tumultuous end to 2022 for the cryptocurrency marketplace with the fall of FTX and BlockFi among other firms, along with the sharp decline in the price of cryptocurrencies and related securities. In the wake of this crises, we at RYVYL now more than ever want to clearly communicate the conviction that we have in our differentiated suite of payment technology solutions that arm us to seize on a fantastic opportunity and e

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