Global Payout (OTC: GOHE) along with its wholly-owned
subsidiary MTrac Tech Corporation today announced Mtrac’s expansion into two
new markets – Oregon and Hawaii. Oregon was one of the first U.S. states to
legalize cannabis for adult recreational use, and Hawaii is legal for medicinal
purposes only. National level legislation is being considered to provide
protection to financial institutions that deal with cannabis, but many legal
businesses remain cut off from basic banking services in the current
environment. “We understand the range of concerns regarding the lack of
financial solutions from all stakeholders in the industry, and we feel
confident that the MTrac platform not only helps businesses to run normal
payment operations, but our innovative system also allows banks to engage with
businesses with less risk in the current regulatory environment,” MTrac COO
Jason LeBlanc said in the news release. “There has never been a time when a
multi-billion dollar industry lacked access to financial services, but this
disconnect in the cannabis industry has created an opportunity for finance and
technology to converge as a major problem solver, and we are thrilled to be
delivering our solutions to the states of Oregon and Hawaii.”
To view the full press release, visit http://ibn.fm/Qf1GI
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.
NOTE TO INVESTORS: The latest news and updates
relating to GOHE are available in the company’s newsroom at http://ibn.fm/GOHE
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