SAN DIEGO, CA, July 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 transactions, announces Simon & Edward, LLP has been engaged as the accounting firm and auditor of coyni, Inc., replacing MaloneBailey effective July 12, 2023.

“Simon and Edward was the natural selection for auditor of coyni, Inc. given their familiarity with RYVYL technology, accounting processes and personnel from assisting us with the process of regaining compliance earlier this year,” said Ben Errez, Chairman of RYVYL. “Furthermore, having them as auditor for both companies has the added advantage of streamlining operations for both RYVYL and coyni, as we move forward towards completion of the spin-off and look to begin a capital raise for the eventual Nasdaq uplist.”

Additional information can be found in the associated 8-K filing filed by Logicquest which can be found at https://www.otcmarkets.com/filing/html?id=16789091&guid=ScD-kWYbd7N2B3h

About RYVYL
RYVYL Inc. (NASDAQ: RVYL) 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^® stablecoin platform as a transactional foundation. Since its founding as GreenBox POS in 2017 in San Diego, 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. www.ryvyl.com

Investor Relations Contact:
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