MTrac: Cashless Makes Communities Safer, One Merchant at a Time
July 12 2018 - 8:00AM
InvestorsHub NewsWire
MTrac: Cashless Makes Communities Safer, One
Merchant at a Time.
San Diego, CA
-- July 12, 2018 -- InvestorsHub
NewsWire -- Global Payout Inc. (OTCPink:
GOHE) (“Global”) is pleased to announce that their wholly owned
subsidiary MTrac Tech Corp.
(“MTrac”), is launching
operations in a new retail merchant location. The Jet Room is a
licensed and compliant medicinal dispensary in Adelanto, CA. The
payment platform will go live here on Friday, July 13th,
where the MTrac team will be on hand to successfully implement the
system, on-boarding both The Jet Room staff and its
patients.
The MTrac platform is
allowing merchants to utilize a variety of our services offered,
where they would otherwise be limited to cash only operations. The
high volume of cash with which these businesses are forced to
operate, continues to present significant security and liability
issues for its stakeholders and the community at large. The MTrac
platform is an end-to-end solution that not only provides access to
take cash and make it available electronically, but also includes a
robust merchant wallet where business owners can process accounting
and business expenditures functions on a fully-reporting,
transparent, and immutable ledger. For the thousands of licensed,
legal cannabis merchants across the country that need (but have no
access to) electronic payment options, the MTrac platform is an
attractive solution that helps these businesses achieve this
objective with the ability to digitally pay B2B invoices inside the
MTrac ecosystem and issue eChecks outside of the system to pay for
items, such as rent, payroll, and
taxes.
Since the Company’s
initial San Diego launch two weeks, MTrac has experienced an influx
of opportunities across Southern California, Nevada, and multiple
states on the East Coast. While the MTrac system is an attractive
offering for the legal cannabis industry, its application can be
used in any business that wishes to go cashless for a variety of
reasons, not the least of which includes the elimination of
internal and external theft. For these reasons and tracking
purposes, we feel that this is the direction which society at large
is heading.
“My team and I are
very excited for the opportunity to launch with The Jet Room, our
second retail merchant, in Adelanto, which is striving to be a
cannabis safe community. The ability to eliminate or reduce the
amount of cash in cannabis businesses makes our communities safer,”
said Global Payout CEO, Vanessa Luna. “The value of having a safe
and compliant commerce platform provides such a huge benefit for
businesses and consumers alike. Bringing on this new merchant also
represents another milestone in our ongoing growth and expansion,
which is being spearheaded by our talented and dynamic sales and
marketing team.”
Download the app today
and put the “The Key to Cashless ™” in the palm of your
hand.
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 CashlessTM”
Forward-Looking Statements
Disclaimer:
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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. In some cases, you
can identify forward-looking statements by the following words:
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forward-looking statements contain these words. Forward-looking
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and will not necessarily be accurate indications of the times at,
or by, which such performance or results will be achieved.
Forward-looking statements are based on information available at
the time the statements are made and involve known and unknown
risks, uncertainty and other factors that may cause our results,
levels of activity, performance or achievements to be materially
different from the information expressed or implied by the
forward-looking statements in this press release. This press
release should be considered in light of all filings of the Company
that are contained in the Edgar Archives of the Securities and
Exchange Commission at www.sec.gov.
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Payout
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Office
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