SAN DIEGO, April 12, 2018 (GLOBE NEWSWIRE) -- via OTC PR WIRE -- Global Payout Inc. (OTCPink:GOHE) ("Global") is pleased to announce that, MoneyTrac Technology, Inc. ("MTRAC", the "Company"), of which Global is a significant shareholder (currently 18% ownership) announced today that it has begun accepting applications from qualified merchants operating within a variety of "alternative" and "high-cost" industries for the use of the MTRAC payment platform that is powered by GreenBox blockchain technology and which serves as the foundation of the Company's "Key to CashlessTM" service platform.
In preparation for the official launch of the MTRAC payment platform, the Company has positioned a demo kiosk in its corporate sales office located in Ocean Beach, CA and is currently showcasing the platform to interested merchants and companies by appointment only. The MoneyTrac sales team is also currently at full force to help facilitate the anticipated successful launch of MTRAC across multiple markets in California as well as other states where recreational cannabis is legal and where legally compliant businesses are in dire need of viable solutions that are designed to remove cash from their day-to-day operations. Additionally, the Company is in talks with several local municipalities to implement the MTRAC payment system as the preferred method for licensed dispensaries in their jurisdictions as it offers one of the most effective cashless alternatives to these businesses and in a manner that meets all compliance and regulatory requirements.
Said MTRAC CEO, Vanessa Luna: "This launch represents the culmination of the work our team has been doing over the last year and a half. We are extremely excited to be getting this payment platform off the ground and we plan to pay special attention to marketing and recruiting local governments and municipalities to adopt the technology as a means for both regulating legal cannabis sales and tracking it for tax purposes. The power of this payment system cannot be overstated, it is a one-of-a-kind service offering that no other company can match, offering cashless transactions, inventory tracking, fully integrated Point of Sale and one click payroll capabilities and is very much the solution the cannabis industry has been waiting for."
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 "Key to CashlessTM".
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