MoneyTrac Team Successfully Introduces MTRAC Payment Solution at Tech Panel in Los Angeles
May 16 2018 - 8:00AM
InvestorsHub NewsWire
MoneyTrac Team
Successfully Introduces MTRAC Payment Solution at Tech Panel in Los
Angeles
San Diego, CA -- May
16, 2018 -- InvestorsHub NewsWire -- MoneyTrac Technology, Inc.
(“MTRAC”, the “Company”) is
very pleased to announce that their technology team participated in
a tech panel at the Cannabiz Expo in Los Angeles this past weekend
and discovered a great deal of interest surrounding their cashless
payment solution. The event consisted of more than 50 exhibitors
and 16 panel discussions, of which the MoneyTrac Team was excited
to be a part.
MTRAC, a fully
functional payment system powered by GreenBox blockchain
technology, is the first of its kind payment system for the
cannabis industry. For this reason, outreach events that offer the
opportunity to explain the system and technology are critical to
the success of the company. Blockchain is a distributed ledger
system that allows all transactions to be tracked. MTRAC leverages
this technology to move currency within the system, allowing payments to
merchants, vendors, and employees. Additionally, the system has a
fully supported back end that can be integrated with the payment
system to manage inventory, track sales and make tax payments. So,
while MTRAC is not a bank in the traditional sense, they offer a
payment system that is the “Key to CashlessTM” for the
Cannabis Industry.
“The best
technological solutions are those that solve big problems,” said
MoneyTrac Director of Information Technology Patrick Kilcoyne who
represented MoneyTrac on the Cannabiz Expo tech panel. “We at
MoneyTrac are committed to solving the issues of safety, fiscal
compliance, and efficiency for the Cannabis Industry with our
unique offering. The technology we are bringing to market will
benefit the entire upstream cashflow of the industry by providing
customers with an easy way to transact, and a seamless solution for
cannabis related companies to transfer value to each other. Our
goal is to provide a workflow that removes cash from the equation
and allows these organizations to work within the current economic
climate in a legal and efficient manner. This industry is only just
beginning, the possibilities for mutually beneficial partnerships
are virtually endless. MTRAC will be a first of its kind, but the
innovations won’t stop here, and the ticket to growth is networking
at events like this, both to market our solution, but moreover to
build technology partnerships that bring cannabis into the future
of commerce.”
About Global Payout, Inc. (OTC
Pink: GOHE)
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.
About MoneyTrac
Technology
MoneyTrac Technology, Inc. (MTRAC) is a “New Age
Technology Holding Company” offering a full-service solution for
alternative banking and electronic financial marketplace with
technology offerings including Payment Platform, Blockchain,
Crypto-Commodity Exchange, Compliance, POS, E-Wallet, Mobile
Application and Digital Payment Solutions for businesses and
companies in various “high-costs of banking” industries. MTRAC
offers additional suites of services ranging from business
development, sales and marketing, to digital and print
advertisement. We are One Network disrupting the status quo. It is
MTRAC’S creative vision to create a “The New Age of Currency™” by
bringing innovative technology solutions to various industries and
providing the “Key to Cashless™."
Forward-Looking Statements
Disclaimer:
This press release 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: "anticipate,"
"believe," "continue," "could," "estimate," "expect," "intend,"
"may," "ongoing," "plan," "potential," "predict," "project,"
"should," "will," "would," or the negative of these terms or other
comparable terminology, although not all forward-looking statements
contain these words. Forward-looking statements are not a guarantee
of future performance or results, 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.
Public Relations and Media
Contact:
Global Payout
www.GlobalPayout.com
619.795.5810 Office
Information@GlobalPayout.com
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