Payment solutions company Global Payout, Inc. (OTC: GOHE) this morning announced that on April 4th, 2018, its MoneyTrac Technology, Inc. subsidiary will be launching MTRAC, a full-service banking solution powered by GreenBox blockchain technology. As traditional banking services continue to be largely unavailable to businesses operating in the legal cannabis industry, MTRAC is able to deliver these services in addition to its distributed ledger technology that tracks and records each transaction. The official launch of MTRAC will enable businesses in the industry to process payments for their consumers, as well as send payments to their vendors, employees, and other business affiliates. “The goal of MTRAC from the beginning has been to leverage the different technologies available to us to remove the use of cash as the primary form of payment throughout the cannabis industry. While other companies have struggled to find supportive financial solutions, MTRAC opted to take a different approach, and one that has relied heavily on the use of blockchain technology to address this problem for a massive and growing industry,” MTRAC CEO Vanessa Luna stated in the news release.
To view the full press release, visit http://ibn.fm/v1L01
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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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