Global Payout (OTC: GOHE) recently announced the execution
of a license agreement with GreenBox POS (OTC: GRBX) to utilize its innovative
blockchain payment technology in providing payments to various industries that
have been classified as low and high-risk by traditional merchant processors.
MTrac Tech Corp., a wholly-owned subsidiary of GOHE, holds an exclusive licensing
agreement with GreenBox for specific industries. “While the last year has been
dedicated to the development and launch of MTrac, we have also been planning to
expand the reach of Global Payout for some time,” MTrac CEO Vanessa Luna stated
in the news release. “The extension of the license for Global Payout provides
another revenue stream to the company and offers us the opportunity to expand
into other markets that lack consistent and reliable merchant processing.
Further, I believe this relationship will offer the general public the ability
to use the ledger technology of Blockchain in a salient way and can showcase
how this technology can be use in a multitude of ways to solve many of the
issues plaguing the financial services industry. The immutable ledger and
tracking features allow unparalleled security and transparency that just isn’t
available through other payment platforms, and we are extremely excited to
bring this system to the mass market.”
To view the full press release, visit http://ibn.fm/IJMI9
About Global Payout, Inc.
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.
In 2018, Global completed a reverse triangular merger with MoneyTrac Technology
Inc. resulting in Global retaining the wholly owned subsidiary, MTrac Tech
Corporation. Global’s current focus is continuing to identify new business
opportunities while it reorganizes its future business endeavors. For more
information, visit the company’s website at www.GlobalPayout.com.
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