Global Payout’s MoneyTrac Technology, Inc. and Strategic Partner Pegasus Fintech, Inc. Make Strides with Development of Cry...
November 09 2017 - 8:00AM
Global Payout, Inc. (OTCPink: GOHE) (“Global”) is pleased to
announce that its majority owned subsidiary, MoneyTrac Technology,
Inc. (“MTRAC”, the “Company”) continues to make significant headway
with Pegasus Fintech, Inc. on their joint collaboration in the
development of a cryptocurrency token that is being developed for
the cannabis industry.
Last month, MTRAC announced the establishment of a strategic
partnership with Pegasus Fintech, Inc., an innovative Blockchain
and Token Accelerator company that is focused on delivering
solutions in the financial services, technology blockchain and
emerging cryptocurrency market sectors. In recent weeks, each of
the companies’ technology teams have devoted much of their time and
resources to the development of the cryptocurrency token they
intend to introduce to the cannabis industry, an industry that
remains underserved from a financial technology perspective.
The anticipated development of the token will allow for a Public
Initial Blockchain Offering (“PIBCO”) to be launched and should
provide MoneyTrac with an effective avenue for raising the funds
necessary to bring their digital currency to market. It will also
provide investors and venture capitalists with a unique
opportunity, through a regulatory compliant program, to capitalize
on one of the fastest growing market sectors in the U.S. today.
“We are truly excited about the progress our tech and business
development teams have made in recent weeks with the collaborative
work they have been engaged in with Pegasus Fintech,” said MTRAC
CEO, James Hancock. “MoneyTrac’s entry into the digital currency
market will be a very big step forward in our objective of becoming
the most recognized brand for financial technology solutions in the
cannabis industry, and we are eager to continue laying the
groundwork for the launch of what we believe will be a very
successful ICO,” Mr. Hancock commented further.
The companies intend to remain focused on completing all the
necessary due diligence required to bring the development of their
token to fruition so that it meets the requirements for the launch
of the ICO.
About Global Payout, Inc. (OTC Pink: GOHE)
Since the Company's inception in 2009, Global Payout, Inc. has
been a leading provider of comprehensive and customized prepaid
payment solutions for domestic and international organizations
distributing money worldwide. In 2014, Global introduced its first
online payment platform called the Consolidated Payment Gateway
(CPG), which allowed its enterprise clients to transfer money to
international bank accounts, mobile accounts, and prepaid card
accounts. The development of the CPG became the foundation for the
introduction of its new, state of the art FINTECH payment system in
2017, for both online and mobile applications to allow account
holders to maximize an expanded suite of financial services and
minimize operational costs. Global will continue to offer their
FINTECH payment system to many vertical markets for support of
foreign currency exchange and digital currency, including ongoing
support of the banking industry and international governments.
About MoneyTrac Technology
MoneyTrac Technology, Inc. is a pioneer in offering a
full-service solution for alternative banking and electronic
financial solutions and provides all aspects of financial
technology including E-Wallet and mobile apps services for
businesses and companies in various "high-risk" industries.
MoneyTrac's technology platform allows for its clients to access
their financial information from anywhere in the world, in addition
to providing tracking and compliance to help them manage and
control the flow of all revenue through their business.
About Pegasus Fintech, Inc. –
www.pegasusfintech.com
Pegasus Fintech, Inc. is a Blockchain and Token Accelerator that
focuses on supporting innovative solutions in the Financial
Services, Technology, Blockchain and Cryptocurrency communities.
Pegasus’ Accelerator program deploys a team of highly skilled
industry, marketing, legal and financial specialists that provide
evaluation, management, marketing programs, resources and tools to
affect the growth of the business and create and execute the
Blockchain and regulatory compliant, security-based Token programs.
They also work with investment banking, private equity and
democratized investment community to assist their clients with
financing initiatives.
Forward-Looking Statements Disclaimer:
This press release contains forward-looking statements within
the meaning of Section 27A of the Securities Act of 1933, as
amended, and Section 21E of the Securities Exchange Act of 1934, as
amended. In some cases, you can identify forward-looking statements
by the following words: "anticipate," "believe," "continue,"
"could," "estimate," "expect," "intend," "may," "ongoing," "plan,"
"potential," "predict," "project," "should," "will," "would," or
the negative of these terms or other comparable terminology,
although not all forward-looking statements contain these words.
Forward-looking statements are not a guarantee of future
performance or results, and will not necessarily be accurate
indications of the times at, or by, which such performance or
results will be achieved. Forward-looking statements are based on
information available at the time the statements are made and
involve known and unknown risks, uncertainty and other factors that
may cause our results, levels of activity, performance or
achievements to be materially different from the information
expressed or implied by the forward-looking statements in this
press release. This press release should be considered in light of
all filings of the Company that are contained in the Edgar Archives
of the Securities and Exchange Commission at www.sec.gov.
Public Relations and Media Contact:
Global Payout
www.GlobalPayout.com
619.795.5180 Office
Information@GlobalPayout.com
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