Global Payout (OTC: GOHE) said today that its MoneyTrac Technology, Inc. (“MTRAC”) subsidiary continues to make noteworthy progress with Pegasus Fintech, Inc. on their collaboration to develop a cryptocurrency token for the cannabis industry. In October, MTRAC announced the establishment of the strategic partnership to create a token that will deliver an effective option for transaction processing in the cannabis industry. The companies also aim to create a level of effective transparency in an industry where tracking transactions is a critical part of assuring compliance. MTRAC and Pegasus intend to complete all the required due diligence to meet the requirements for the launch of their anticipated regulatory compliant token offering, known as a Public Initial Blockchain Offering (“PIBCO”). “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,” MTRAC chief operating officer Vanessa Luna stated in the news release.
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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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