Global Payout (OTC: GOHE) together with its wholly-owned
subsidiary MTrac Tech Corporation this morning provided a shareholder progress
update on the roll out of secure blockchain-backed payments platform, MTrac.
Since its October launch, the platform has realized month over month increases
in transactions, net revenue and average ticket prices. According to the
update, the company’s research has reflected an average increase of 26 percent
on ticket prices for customers using MTrac as compared to pre credit card
acceptance. The company expects significant revenue increases to continue over
the coming months through growing merchant adoption and system updates to streamline
processes. MTrac boasts a 100 percent client retention rate and, by the end of
February, intends to roll out the platform in four new states including
Minnesota, New Jersey, Florida and Hawaii. “After working on the launch of this
system for the last seven months we have become intimately familiar with the
myriad of issues that plague the financial management of the cannabis
industry,” MTrac CRO Aaron Adler stated in the news release. “But the more
confidence we build in the industry the more momentum we gain, and that is
really the most important aspect of our current marketing strategy. The truth
is our system is far more than just a payments platform, the back-end
functionality offers the ability to track and trace each and every dollar that
moves through their business, which helps to relieve their banking
relationships by moving them away from large cash deposits. We recently
launched an API to integrate Point of Sale systems and we are currently in
talks with several of the largest POS systems in the Cannabis industry, the
first of which could be live as early as the end of this week. We are gaining
serious momentum, and the last several months is only a glimpse of what is
possible in 2019.”
To view the full press release, visit http://ibn.fm/o8uBv
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. 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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