Putting the 'Can' in Cannabis: MTRAC to Launch
Blockchain Payment Platform for Cannabis Industry
San
Diego, CA -- March 29, 2018
-- InvestorsHub
NewsWire --
Global Payout Inc. (OTCPink:
GOHE) ("Global") is pleased to announce that its
subsidiary MoneyTrac
Technology, Inc.
("MTRAC", the "Company") will be launching
MTRAC, a full-service banking solution powered by
GreenBox
blockchain
technology, on April 4th, 2018. The official
launch of this system brings the MTRAC goal of "Banking the
UnbankableTM"
to life and marks a massive turning point for both MTRAC and the
legal cannabis industry in California.
While
many states have legalized medical cannabis, and a handful have
gone full blown recreational, traditional banking services remain
largely unavailable to the legal cannabis industry. MTRAC, the
Company's payment solution powered by GreenBox
blockchain
technology, not only provides these services but also incorporates
the distributed ledger technology to track and record each
transaction taking place in cannabis dispensaries. This solves
several of the industry's most
pressing problems, not the least of which is the ability to track
sales to prevent theft. The official launch of MTRAC will present
businesses in the industry with effective cashless methods to not
only process payments for their consumers, but also remit payments
to their vendors, employees, and other business
affiliates.
"The
goal of MTRAC from the beginning has been to leverage the different
technologies available to us to remove the use of cash as the
primary form of payment throughout the cannabis industry. While
other companies have struggled to find supportive financial
solutions, MTRAC opted to take a different approach, and one that
has relied heavily on the use of blockchain technology to address
this problem for a massive and growing industry," said MTRAC CEO,
Vanessa Luna. "I am extremely excited to see MTRAC, our payment
solution, officially launch next week. Once this happens, I am
confident that every dispensary desiring legitimacy and
transparency will jump on board and provide us with a number of new
clients to serve."
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.
(MTRAC) is a "New Age Technology Holding Company" offering a
full-service solution for alternative banking and electronic
financial marketplace with technology offerings including Payment
Platform, Blockchain, Crypto-Commodity Exchange, Compliance, POS,
E-Wallet, Mobile Application and Digital Payment Solutions for
businesses and companies in various "high-costs of banking"
industries. MTRAC offers additional suites of services ranging from
business development, sales and marketing, to digital and print
advertisement. We are One Network disrupting the status quo. It is
MTRAC'S creative vision to create a "The New Age of Currency" by
bringing innovative technology solutions to various industries and
providing the means for "Banking the Unbankable."
About GreenBox POS,
LLC.
GreenBox
POS, LLC
("GBOX") brings
innovative and unique solutions to the market. As a technology
company that builds customized payment solutions to different
industries, GBOX's core focus is delivering and developing
individual disruptive applications integrated in an end-to-end
suite of financial products and supporting multiple industries.
GBOX develops all software both inhouse and with international
subsidiaries. GBOX also develops the required electronics
modifications in partnership with different vendors to create Point
of Sale machines as an upgrade offering from existing solutions, or
for first time merchant scenarios, and custom built blockchain
KIOSK machines. GBOX POS develops the following main products: POS
(Point of Sale software and hardware solutions); DEL (delivery app,
APIs to POS and PAY); PAY (payment app, providing financial APIs to
all other components); KIOSK (deposit, cash and E-wallet
management). All custom hardware (including POS and KIOSK)
and
software solutions are available to
order now. The capitalized names (POS, DEL, PAY, and KIOSK) are
internal product codes. All V1 products (software and hardware) are
appropriately branded internally and for
white label applications.
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
619.795.5810
Office
Information@GlobalPayout.com
Communications Contact:
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