NEW YORK, Dec. 07, 2017 (GLOBE NEWSWIRE) -- via CannabisNewsWire (“CNW”), a multifaceted financial news and publishing company for the cannabis
industry, today announces the publication of an editorial featuring Global Payout, Inc. (OTC:GOHE), a client of CNW offering a
full-service solution for alternative banking and electronic financial solutions and provides all aspects of financial technology
including E-Wallet and mobile apps services for businesses and companies in various "high-risk" industries.
The publication, titled, “Bitcoin’s Rise Solidifies the Intersection of Cannabis and Cryptocurrency,” discusses several
companies offering cryptocurrency payment solutions for various markets.
To view the full publication, visit: https://www.cannabisnewswire.com/bitcoins-rise-solidifies-intersection-cannabis-cryptocurrency/
“Global Payout, Inc. (GOHE) has positioned itself to provide transactional
services to companies offering cannabis-related products through its MoneyTrac Technology, Inc. subsidiary, which enables such
companies to access the banking services they need to conduct their business. While some states have legalized the use of cannabis,
it is still categorized as a Schedule 1 drug according to the federal Controlled Substances Act – hence, cannabis businesses are
essentially “unbankable,” and shut out of the traditional banking system.
“The MoneyTrac payment platform handles regulatory compliance and the processing and tracking of transactions for these firms,
as well as offering additional services such as bill pay and loyalty. Cannabis companies can use the platform to perform banking
functions not available to them at traditional financial institutions. In conjunction with affiliated partnerships, MoneyTrac
enables merchants dealing in cannabis and other high-risk goods to access an audited, fully compliant system they can use to access
banking services.”
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. is a pioneer in offering a full-service solution for alternative banking and electronic
financial solutions and provides all aspects of financial technology including E-Wallet and mobile apps services for businesses and
companies in various "high-risk" industries. MoneyTrac's technology platform allows for its clients to access their financial
information from anywhere in the world, in addition to providing tracking and compliance to help them manage and control the flow
of all revenue through their business.
About CannabisNewsWire (CNW)
CannabisNewsWire (“CNW”) is a specialized information service that (1) aggregates cannabis news, (2) provides CannabisNewsBreaks that quickly updates investors in the space, (3) enhances corporate press
releases, (4) helps companies with distribution and optimization of social media, and (5) delivers comprehensive corporate
communication solutions. CNW is uniquely positioned in the cannabis market with a strong team of journalists and writers who can
help private and public companies reach a wide audience of investors, consumers, journalists and the general public through our
ever-growing dissemination network of more than 5,000 key syndication outlets. CNW is bringing unparalleled visibility, recognition
and content to the cannabis industry.
For more information please visit https://wwwCannabisNewsWire.com
Please see full terms of use and disclaimers on the NetworkNewsWire website applicable to all content provided by NNW, wherever
published or re-published: http://CNW.fm/Disclaimer
Forward-Looking Statements
This release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended and
Section 21E of the Securities Exchange Act of 1934, as amended. All forward-looking statements are inherently uncertain as they are
based on current expectations and assumptions concerning future events or future performance of the company. Readers are cautioned
not to place undue reliance on these forward-looking statements, which are only predictions and speak only as of the date hereof.
In evaluating such statements, prospective investors should review carefully various risks and uncertainties identified in this
release and matters set in the company's SEC filings. These risks and uncertainties could cause the company's actual results to
differ materially from those indicated in the forward-looking statements.
CNW Contact:
CannabisNewsWire (CNW)
Denver, Colorado
www.CannabisNewsWire.com
303.498.7722 Office
Editor@CannabisNewsWire.net
