SAN DIEGO, CA, Nov. 16, 2017 (GLOBE NEWSWIRE) -- 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 collaboration in the development of a cryptocurrency token 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, MTRAC and Pegasus, along with additional companies they are currently working in collaboration with, have been working on the development of a token that will be aimed at revolutionizing the financial process that currently exists within the cannabis industry.
Coupled with blockchain technology, the token will not only provide businesses that are operating in the emerging cannabis industry with the most effective option for transaction processing, but will also create a level of effective transparency in an industry where the ability to track transactions from seed-to-sale is critical from a compliance perspective.
“Our vision is to create a fully intuitive financial network that interlocks the entire cannabis supply chain from seed-to-sale,” said MTRAC COO, Vanessa Luna. “This token will do far more than just optimize the way businesses and consumers are able to process and complete basic transactions, but will create the kind of transparency that will deliver consumer safety and ensure regulatory requirements across a rapidly growing industry by making it possible to track every transaction from start to finish,” Ms. Luna commented further.
MTRTAC and Pegasus will remain focused in coming weeks 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 their anticipated regulatory compliant token offering, known as a Public Initial Blockchain Offering (PIBCO).
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.
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