SAN DIEGO, CA, March 15, 2018 (GLOBE NEWSWIRE) -- MoneyTrac Technology, Inc. (“MTRAC”, the “Company”) is pleased to announce that is has begun the soft launch of MTRAC, a full-service banking solution powered by software technology features that the Company has acquired through its Joint Venture with GreenBox (“GBOX”). MTRAC is an innovative E-Wallet cash loading machine/kiosk that is supported by blockchain technology and will be leveraged by MTRAC to bring to market an intuitive system that will offer cannabis consumers and retailers an effective alternative to cash payment transactions.
This last year alone has brought incredible opportunity for those in the cannabis industry, but the market still lacks reasonable access to traditional banking platforms which tends to create a myriad of challenges for both consumers and retailers. With MTRAC the Company believes it can tackle a significant portion of this challenge by offering dispensaries a cash loading kiosk that combines the benefits of both E-Wallet and blockchain technology and presents a safe and viable alternative to cash.
“The integration of the incredible technology GreenBox has developed into our platform of solutions that we are aiming to make available to businesses in cannabis really represents our continued commitment of Banking the Unbankableä,” said MTRAC CEO, Vanessa Luna. “MTRAC is the culmination of months of work and collaboration between GreenBox and MoneyTrac, and we are excited to begin the process of bringing this solution to a market that needs it more than any other right now.”
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. GBOX is diligently working on making the Cashless Society vision a reality. The technology company core focus is building customized software and hardware suite of disruptive payment solutions benefiting most industries. GBOX develops all software both inhouse and with international subsidiaries, and the required electronics modifications in partnership with equipment manufacturers. The results are best in class solutions for new and existing merchant scenarios. All GBOX products are fully integrated and utilize Blockchain technology for secure, safe, and reliable record keeping and general operations. Among GBOX 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); and Blockchain KIOSK (deposit, cash and E-wallet management). All products (software and hardware) are now available. The capitalized names (POS, DEL, PAY, and KIOSK) are internal product codes. All V1 products (software and hardware) are appropriately branded.
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.