QualityStocksNewsBreaks – RYVYL Inc. (NASDAQ: RVYL) Releases Q1 2023 Financial Report, Corporate Update
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, is reporting on its first-quarter 2023 financial results. According to the report, the company’s revenues came in at a record $11.3 million, a 169% increase over the same period in 2022. Other highlights of the report included processing volume for the quarter reached an estimated $565 million, a 381% increase from the prior year same period and FX and international payments business, including Transact Europe totaled $344 million in business volume for the quarter. The company also…