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SAN DIEGO, Aug. 29, 2018 (GLOBE NEWSWIRE) -- via OTC PR WIRE -- Global Payout Inc. (OTCPink:GOHE) (“Global”) is pleased to announce that the MTrac Tech Team will attend one of the largest business-to-business cannabis events of the year, the Big Industry Event in Los Angeles, which brings together a large and significant conglomerate of industry business leaders, including hundreds of the some of the most prominent cannabis suppliers on the west coast. While in attendance at this event, MTrac’s skilled and talented marketing team will look to utilize this as an opportunity to provide direct education and insight as it relates to the MTrac payment platform amongst some of the most influential leaders within the industry.
Throughout 2018, MTrac has made it a point to establish a meaningful presence at some of the most notable cannabis industry events held on the west coast. They found success thus far in leveraging their attendance at these events to not only generate buzz for their MTrac payment platform, but also develop connections with a variety of industry leaders and entities and this method has proven effective in accelerating their go-to-market strategy. This event offers the unique opportunity to interact only with merchants and vendors in the cannabis space.
While the MTrac payment platform makes cannabis significantly more accessible to consumers by allowing them to utilize any payment method they choose, the platform is ultimately aimed at solving the cash problem for cannabis retailers and vendors. The amount of cash that changes hands between cannabis suppliers and retailers is staggering and presents significant risk both in terms of security, safety, and compliance. With the MTrac platform, retailers can pay vendors, and vendors can pay other vendors through the supply chain, using an electronic system that is fully compliant, secure and traceable through the blockchain. Any funds remaining in the merchant wallet can be either transferred to a bank account via eCheck or used to make other types of payments within the platform.
“Our platform provides an all-in-one solution to the cash problem that continues to plague businesses in the cannabis industry and is in my opinion a reason why we have become a company that generates plenty of intrigue and excitement at events like the Big Industry Event in Los Angeles,” said Aaron Adler, Global Payout CRO. “We are so excited to share our solution to some of the most influential leaders and innovators in the industry and in having the opportunity to demonstrate how they can significantly reduce the liability associated with cash through the use of our MTrac payment platform. This burgeoning industry is ever-evolving and we aim to evolve with it while providing a payment solution that can help facilitate rapid growth and compliance fundamentals.”
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. 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.
About MTrac Tech Corp.
MTrac Tech Corporation. 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”
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