NEW YORK, December 27, 2018 /PRNewswire/ --
According to research published by Market Reports Center, the global market for blockchain was valued at USD 708 Million in 2017 is projected to reach USD 60.7 Billion by 2024. IBM and
Microsoft make up the driving force behind the blockchain market as their clients are making the transition to cloud services.
The report explains that, as banks and other players of the financial industry move into the modern age of real-time transaction
processing, blockchain will become an important solution. Another important segment for blockchain is the online payments, which
has gained huge traction recently. Card-based payment methods, credit and debit cards have also become dominant. Blockchain
supports all these changes by catalyzing an increased speed of transaction processing and greater efficiency in the real-time
processing of transactions. GreenBox Pos LLC (OTC: GRBX), Global Payout (OTC: GOHE), Overstock.com, Inc. (NASDAQ: OSTK), Hewlett
Packard Enterprise Company (NYSE: HPE), iQIYI, Inc. (NASDAQ: IQ)
Payments by cash are gradually declining as the emergence of digital, or cashless payment options, are rapidly being adopted.
Industry leaders are investing in digital payments because of their convenience and technology-supported infrastructure. With the
growth of the market, consumers have access to numerous payment solutions to pick from - bank cards, e-wallets or mobile in-store
applications. Digital payments are also more secure, especially now that companies are investing in new cybersecurity software.
According to data compiled by Mordor Intelligence, the global digital payments market was valued at USD
2.89 Trillion in 2017 and is expected to reach USD 6.49 Trillion by 2023. Additionally, the
market is projected to grow at a CAGR of 13.7% during the forecast period, from 2018 to 2023.
GreenBox Pos LLC (OTC: GRBX) and Global Payout (OTC: GOHE) announced earlier this week the execution of a
license agreement with GreenBox POS for, "its groundbreaking blockchain payment technology for use in a variety of business
sectors. The Company's wholly owned subsidiary, MTrac Tech Corp., executed an exclusive licensing agreement with GreenBox
POS for certain types of industries, and now Global will also be able to utilize their technology to provide payments to a whole
host of other industries considered both low and high-risk by traditional merchant processors.
'While the last year has been dedicated to the development and launch of MTrac, we have also been planning to expand the reach
of Global Payout for some time,' said Global Payout, CEO Vanessa Luna. 'The extension of the
license for Global Payout provides another revenue stream to the Company and offers us the opportunity to expand into other
markets that lack consistent and reliable merchant processing. Further, I believe this relationship will offer the general public
the ability to use the ledger technology of Blockchain in a salient way and can showcase how this technology can be use in a
multitude of ways to solve many of the issues plaguing the financial services industry. The immutable ledger and tracking
features allow unparalleled security and transparency that just isn't available through other payment platforms, and we are
extremely excited to bring this system to the mass market. GreenBox is an amazing company and working alongside their
executive management team to execute this agreement has been a real pleasure, we look forward to the new year, and accomplishing
many great things with the license.'
About Global Payout, Inc. (OTC: 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 with
technology offerings including Payment Platform, Blockchain, Compliance, POS, E-Wallet, Mobile Application and Digital Payment
Solutions. 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.'
About GreenBox POS, LLC: GreenBox POS ("GRBX") is a groundbreaking technology company that builds customized payment solutions
for a multitude of industries. The company has developed the fastest and safest way to send and process money using Blockchain
technology. The company was awarded 5 provisional patents for its technology. GreenBox POS develops the following main products:
POS (Point of Sale software and hardware solutions); DEL (delivery app, APIs to POS and PAY); PAY (payment app, providing
financial APIs to all other components); KIOSK (deposit, cash and E-wallet management). All products, services and custom
hardware are available now from GRBX. GRBX is based in California with offices in Seattle, WA; Las Vegas, NV; Vancouver, BC,
Canada; and HQ in San Diego, CA."
Overstock.com, Inc. (NASDAQ: OSTK) is an online retailer based in Salt Lake City, Utah
that sells a broad range of products at low prices, including furniture, décor, rugs, bedding, and home improvement. Medici
Ventures, Overstock.com, Inc.'s blockchain accelerator, recently announced that portfolio company Bitsy.com will allow public
access to the beta version of its exchange and wallet service beginning Monday, November
12th, 2018. Bitsy's new app-based platform creates a remarkably easy, secure, and user-friendly bridge between
bitcoin and the US Dollar. "The great promise of the Bitcoin white paper was to have legitimate peer-to-peer exchange of value
without the need for trusted intermediaries. Few people understand, however, that with conventional Bitcoin wallets, users do not
have actual possession or control of the Bitcoins they buy: their wallet-provider owns the Bitcoin and provides a contractual
claim to the consumer, who must then trust that corporation. This defeats the whole purpose of crypto. Bitsy wallets, on the
other hand, allow users to possess and have complete control of their cryptocurrency without the risk of lost keys. This sets a
new standard for digital wallets," said Patrick M. Byrne, Overstock.com Chief Executive Officer
and Founder. "We are excited to continue our cryptocurrency journey and integrate Bitsy's technology with Overstock.com to offer
bitcoin for sale directly from the retail site in the first half of 2019."
Hewlett Packard Enterprise Company (NYSE: HPE) helps customers use technology to slash the time it takes to turn ideas
into value. Hewlett Packard Enterprise recently announced that it plans to invest USD 4 Billion in
Intelligent Edge technologies and services over the next four years. This strategic organic investment will be focused on helping
customers turn all of their data - from every edge to any cloud - into intelligence that drives seamless interactions between
people and things, delivers personalized user experiences, and employs AI and machine learning to continuously adapt to changes
in real time. For example, Aruba and HPE Pointnext services are helping Gatwick Airport achieve
its goal of becoming the most technologically advanced airport in the world. HPE's Edge systems are helping Texmark create the
refinery of the future which will make the manufacturing of chemicals safer and more efficient, and helping Streamr grow their
marketplace for data monetization by collecting and storing data from an individual car on a blockchain, ultimately giving
control of the data to the driver. "Data is the new intellectual property, and companies that can distill intelligence from their
data -whether in a smart hospital or an autonomous car-will be the ones to lead," said Antonio
Neri, President and Chief Executive Officer, HPE. "HPE has been at the forefront of developing technologies and services
for the Intelligent Edge, and with this investment, we are accelerating our ability to drive this growing category for the
future."
iQIYI, Inc. (NASDAQ: IQ) recently announced the launch of its "Change Plus" online wallet in partnership with aiBank.
The announcement further illustrates iQIYI's continuous efforts to improve user experience for its members and explore new growth
opportunities by creatively integrating entertainment and financial services. iQIYI's "Change Plus" online wallet designed for
users to enjoy new membership benefits. Users who deposit a certain amount of money on iQIYI can enjoy all of iQIYI's VIP
membership services and can deposit or withdraw their money at any time they want. They will be able to enjoy the benefits of VIP
membership for as long as they keep money saved on "Change Plus". aiBank, jointly established by China CITIC Bank and Baidu, is
the first financial institution to partner with iQIYI's "Change Plus" online wallet. Liu Wenfeng, Chief Technology Officer of
iQIYI, said: "iQIYI's analysis of big data provides accurate insights into the behavior and preferences of consumers, helping
integrate finance services with our entertainment platform and expand our user base to include high-net-worth members."
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