SAN DIEGO, May 16, 2018 (GLOBE NEWSWIRE) — Via OTC PR Wire — 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™.”
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