NEW YORK, May 17, 2018 (GLOBE NEWSWIRE) -- via NetworkWire -- NetworkNewsWire ("NNW"), a multifaceted financial news and publishing company, today announces the publication of an editorial featuring Global Payout, Inc. (OTC:GOHE), a client of NNW and a leading provider of comprehensive and customized prepaid payment solutions for domestic and international organizations distributing money worldwide.
To view the full publication, titled “Blockchain Offers Diverse Possibilities for Expanding Markets,” visit: http://nnw.fm/vMh6v
| When it comes to delivering payment systems, Global Payout is working with partner company MoneyTrac to introduce faster, lower-cost systems for businesses who struggle to access other means of completing financial transactions. MoneyTrac’s MTRAC payment system allows customers to make payments through blockchain technology that provides the foundational tracking and recording data necessary to effect the transactions. This helps the business avoid high costs often associated with credit card payment processing and helps consumers avoid having to make cash payments. While many banking merchants charge as much as 7.5 percent of the transaction value to process credit card payments, MTRAC’s charges are as low as 2.5 percent. The introduction of MTRAC will bring particular benefits for one group of high-profile customers — the cannabis industry. State-legal cannabis merchants, as agents in a high-risk sector at odds with federal government regulations, have struggled to access traditional banking and payment methods. Providing them with an accessible and secured payment system fulfills MoneyTrac’s stated aim of providing “Key to Cashless™” payment options. By providing payment services to a sector previously forced to use cash, and by removing the inefficiencies and excess charges of traditional banking, MoneyTrac and Global Payout have the opportunity to swiftly draw customers to their new payment system. Cryptocurrency markets have seen rapid ascendancy during the past year, as well as corrections that have led many analysts to refer to the “bitcoin bubble” as a description of their fluctuations. But the trend also shows that people have wanted to be able to avoid high fees and inefficiencies associated with banks and older payment methods, and to be able to make payments without having to work through intermediaries. |
About Global Payout, Inc.
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. For more information, visit www.GlobalPayout.com.
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Forward-Looking Statements
This 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. All forward-looking statements are inherently uncertain as they are based on current expectations and assumptions concerning future events or future performance of the company. Readers are cautioned not to place undue reliance on these forward-looking statements, which are only predictions and speak only as of the date hereof. In evaluating such statements, prospective investors should review carefully various risks and uncertainties identified in this release and matters set in the company's SEC filings. These risks and uncertainties could cause the company's actual results to differ materially from those indicated in the forward-looking statements.
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