SAN DIEGO, June 19, 2018 (GLOBE NEWSWIRE) -- via OTC PR WIRE--Global Payout Inc. (GOHE) (“Global”) is pleased to announce that their wholly owned subsidiary MTRAC Tech Corp. (“MTRAC”) has begun integrating their blockchain powered payment solution in their first merchant location, ManKind, a San Diego-based dispensary. They anticipate full launch of the system on Monday June 25th. The MTRAC kiosk was installed Friday June 15th and the Company plans to dedicate the next few days towards integrating the cashless payment platform and prepping the new client for their initial launch.
The execution of this merchant agreement and integration of the MTRAC payment solution with its first merchant truly marks a milestone in the MoneyTrac story which has now, by way of the previously announced reverse triangular, become an integral part of the Global Payout story through its wholly owned subsidiary, MTRAC Tech Corp. The integration of their initial merchant within the cannabis space also marks the beginning of a new era of alternative payment processing. With this initial launch the Company moves ever closer to establishing itself as “The Key to Cashless™” for businesses operating in cannabis and other “high-risk” and “high-cost” market sectors. The ability of this system to function independent of a formal banking structure offers these industries the security and functionality they need to truly compete in such a technologically advanced and evolving economy that continues to migrate away from cash as the status quo.
“Getting our first client up and running marks a monumental week here at Global and MTRAC,” Said Global Payout CEO, Vanessa Luna. “While we are very excited to have a strong company utilizing our system, we are fully prepared to gain knowledge acquired through this experience to better establish ourselves with future clients. We have a number of merchants in the pipeline that are eager to implement our system and we are working everyday to accommodate as many of them as we can. By capitalizing on a fledgling multibillion dollar industry, and employing nascent Blockchain technology, we have a solution that is truly unique, and offers the cannabis industry the ability to go cashless.”
When ManKind was asked why they selected MTRAC as their preferred solutions provider, Compliance Director, Vera Levitt Casey said “In our vetting process of the MTRAC system, we were very interested in the simplicity of the system and the automated compliance it facilitates on the back-end. Now that we are in the process of implementing it in our operations, we anticipate the MTRAC platform to not only provide a valuable resource in solving our cash challenges, but also to provide management tools that streamline our expenditures processes and allow our organization to focus on growth."
About Global Payout, Inc. (OTC Pink:GOHE)
From 2014 to 2017 Global focused on identifying new state of the art technologies in a variety of industry sectors and successfully helped launch MoneyTrac Technology Inc. and other companies within the FinTech space. Global’s current focus is continuing to identify new business opportunities while it reorganizes its future business endeavors.
About MTRAC Tech Corp.
MTRAC Tech Corp. a Nevada Corporation is a privately held wholly owned subsidiary of Global Payout, Inc. MTRAC is a software technology, sales and marketing, and business development company focused on “high risk” and “high cost” industries. The Company’s flagship product is the MTRAC payment platform offering a full-service solution for alternative banking and electronic financial marketplace with technology offerings including Payment Platform, Blockchain, Compliance, POS, E-Wallet, Mobile Application and Digital Payment Solutions. We are one network disrupting the status quo. It is MTRAC’S creative vision through the use of its innovative technology solution to become the premier service provider offering the “Key to Cashless™.”
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