Payment solutions company Global Payout, Inc. (OTC: GOHE) this morning announced that its majority owned subsidiary, MoneyTrac Technology, Inc. (“MTRAC”), continues to make significant headway with Pegasus Fintech, Inc. related to their joint efforts to develop a cryptocurrency token for the cannabis industry. “We are truly excited about the progress our tech and business development teams have made in recent weeks with the collaborative work they have been engaged in with Pegasus Fintech,” James Hancock, CEO of MTRAC, stated in the news release. “MoneyTrac’s entry into the digital currency market will be a very big step forward in our objective of becoming the most recognized brand for financial technology solutions in the cannabis industry, and we are eager to continue laying the groundwork for the launch of what we believe will be a very successful ICO.” MTRAC’s partnership with Pegasus Fintech was originally announced last month, with the planned cryptocurrency token being presented as a way to address a presently underserved need in the booming cannabis industry.
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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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