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CORRESP Filing

RYVYL Inc.
Date: July 11, 2025 · CIK: 0001419275 · Accession: 0001185185-25-000757

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File numbers found in text: 333-284986

Date
July 11, 2025
Author
/s/ Fredi Nisan
Form
CORRESP
Company
RYVYL Inc.

Letter

RYVYL Inc..

3131 Camino Del Rio North, Suite 1400

San Diego, CA 92108

July 11, 2025

VIA EDGAR

U.S. Securities and Exchange Commission

Division of Corporation Finance

Office of Technology

100 F Street, N.E.

Washington, D.C. 20549

Re: Ryvyl, Inc.

Registration Statement on Form S-1

Initially filed February 14, 2025, as amended

File No. 333-284986

Ladies and Gentlemen:

Pursuant to Rule 461 under the Securities Act of 1933, as amended, Ryvyl, Inc., hereby requests acceleration of effectiveness of the above referenced Registration Statement on Form S-1 so that it will become effective at 5:00 p.m., Eastern Time, on Monday, July 14, 2025 (the " Effective Time "). The Company hereby grants to each of Sarah W. Williams, Esq. and Scott M. Miller, Esq. of Ellenoff Grossman & Schole LLP the authority to communicate to the staff of the U.S. Securities and Exchange Commission one or more requests for any potential deferral of the Effective Time.

Very truly yours,
/s/ Fredi Nisan

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CORRESP
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 filename1.htm

 RYVYL Inc..

 3131 Camino Del Rio North, Suite 1400

 San Diego, CA 92108

 July 11, 2025

 VIA EDGAR

 U.S. Securities and Exchange Commission

 Division of Corporation Finance

 Office of Technology

 100 F Street, N.E.

 Washington, D.C. 20549

 Re:
 Ryvyl, Inc.

 Registration Statement on Form S-1

 Initially filed February 14, 2025, as amended

 File No. 333-284986

 Ladies and
Gentlemen:

 Pursuant to Rule 461 under
the Securities Act of 1933, as amended, Ryvyl, Inc., hereby requests acceleration of effectiveness of the above referenced Registration
Statement on Form S-1 so that it will become effective at 5:00 p.m., Eastern Time, on Monday, July 14, 2025 (the " Effective Time ").
The Company hereby grants to each of Sarah W. Williams, Esq. and Scott M. Miller, Esq. of Ellenoff Grossman & Schole LLP the authority
to communicate to the staff of the U.S. Securities and Exchange Commission one or more requests for any potential deferral of the Effective
Time.

 Very truly yours,

 /s/ Fredi Nisan

 Fredi Nisan

 Chief Executive Officer

 cc:
 Ellenoff Grossman & Schole LLP