Global Payout and GreenBox POS Enter Licensing Agreement to Offer Blockchain Payments to All
December 24 2018 - 8:00AM
InvestorsHub NewsWire
Global Payout and GreenBox
POS Enter Licensing Agreement to Offer Blockchain Payments to
All
SAN DIEGO, CA December 24, 2018 --
InvestorsHub NewsWire -- Global Payout (OTCPink:
GOHE) ("Global" or "the Company") is pleased to announce the
execution of a license agreement with GreenBox POS (OTC:
GRBX) for its groundbreaking blockchain payment technology for
use in a variety of business sectors. The Company’s wholly owned
subsidiary, MTrac Tech Corp., executed an exclusive licensing
agreement with Greenbox POS for certain types of industries, and
now Global will also be able to utilize their technology to provide
payments to a whole host of other industries considered both low
and high-risk by traditional merchant processors.
“While the last year has been
dedicated to the development and launch of MTrac, we have also been
planning to expand the reach of Global Payout for some time,” Said
Global Payout, CEO Vanessa Luna. “The extension of the license for
Global Payout provides another revenue stream to the Company and
offers us the opportunity to expand into other markets that lack
consistent and reliable merchant processing. Further, I believe
this relationship will offer the general public the ability to use
the ledger technology of Blockchain in a salient way and can
showcase how this technology can be use in a multitude of ways to
solve many of the issues plaguing the financial services industry.
The immutable ledger and tracking features allow unparalleled
security and transparency that just isn’t available through other
payment platforms, and we are extremely excited to bring this
system to the mass market. Greenbox is an amazing company and
working alongside their executive management team to execute this
agreement has been a real pleasure, we look forward to the new
year, and accomplishing many great things with the
license.”
About Global Payout,
Inc. (OTC
Pink:GOHE)
From 2014 to 2017 Global focused on identifying new state of the
art technologies in a variety of industry sectors and successfully
helped launch MoneyTrac Technology Inc. and other companies within
the FinTech space. In 2018, Global completed a reverse triangular
merger with MoneyTrac Technology Inc. resulting in Global retaining
the wholly owned subsidiary, MTrac Tech Corporation. Global’s
current focus is continuing to identify new business opportunities
while it reorganizes its future business
endeavors.
About MTrac Tech
Corp.
MTrac
Tech Corporation. a Nevada Corporation is a privately held wholly
owned subsidiary of Global Payout, Inc. MTrac is a software
technology, sales and marketing, and business development company
focused on “high risk” and “high cost” industries. The Company’s
flagship product is the MTrac payment platform offering a
full-service solution with technology offerings including Payment
Platform, Blockchain, Compliance, POS, E-Wallet, Mobile Application
and Digital Payment Solutions. It is MTRAC’S creative vision
through the use of its innovative technology solution to become the
premier service provider offering the “Key to
CashlessTM”
About GreenBox POS,
LLC:
GreenBox POS ("GRBX") is a groundbreaking
technology company that builds customized payment solutions for a
multitude of industries. The company has developed the fastest and
safest way to send and process money using Blockchain technology.
The company was awarded 5 provisional patents for its technology.
GreenBox 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 products, services and custom hardware are available now from
GRBX. GRBX is based in California with offices in Seattle, WA; Las
Vegas, NV; Vancouver, BC, Canada; and HQ in San Diego,
CA.
For
more information, visit the company's website athttps://www.greenboxpos.com/
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 disclosed on the OTC Markets.com website.
Media
Contacts:
Global
Payout, Inc.
www.globalpayout.com
(702)
790-2511 Ext. 101
Ir@globalpayout.com
MTrac
Tech Corp.
www.Mtractech.com
(702) 790-2511 Ext. 101
ir@mtractechcorp.com
GreenBox POS, LLC
www.GreenBoxPOS.com
Office: 619-631-8261
Info@GreenBoxPOS.com