SAN DIEGO, CA, Nov. 09, 2017 (GLOBE NEWSWIRE) -- Global Payout, Inc. (OTCPink: GOHE) (“Global”) is pleased to announce that its majority owned subsidiary, MoneyTrac Technology, Inc. (“MTRAC”, the “Company”) continues to make significant headway with Pegasus Fintech, Inc. on their joint collaboration in the development of a cryptocurrency token that is being developed for the cannabis industry.
Last month, MTRAC announced the establishment of a strategic partnership with Pegasus Fintech, Inc., an innovative Blockchain and Token Accelerator company that is focused on delivering solutions in the financial services, technology blockchain and emerging cryptocurrency market sectors. In recent weeks, each of the companies’ technology teams have devoted much of their time and resources to the development of the cryptocurrency token they intend to introduce to the cannabis industry, an industry that remains underserved from a financial technology perspective.
The anticipated development of the token will allow for a Public Initial Blockchain Offering (“PIBCO”) to be launched and should provide MoneyTrac with an effective avenue for raising the funds necessary to bring their digital currency to market. It will also provide investors and venture capitalists with a unique opportunity, through a regulatory compliant program, to capitalize on one of the fastest growing market sectors in the U.S. today.
“We are truly excited about the progress our tech and business development teams have made in recent weeks with the collaborative work they have been engaged in with Pegasus Fintech,” said MTRAC CEO, James Hancock. “MoneyTrac’s entry into the digital currency market will be a very big step forward in our objective of becoming the most recognized brand for financial technology solutions in the cannabis industry, and we are eager to continue laying the groundwork for the launch of what we believe will be a very successful ICO,” Mr. Hancock commented further.
The companies intend to remain focused on completing all the necessary due diligence required to bring the development of their token to fruition so that it meets the requirements for the launch of the ICO.
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 Pegasus Fintech, Inc. – www.pegasusfintech.com
Pegasus Fintech, Inc. is a Blockchain and Token Accelerator that focuses on supporting innovative solutions in the Financial Services, Technology, Blockchain and Cryptocurrency communities. Pegasus’ Accelerator program deploys a team of highly skilled industry, marketing, legal and financial specialists that provide evaluation, management, marketing programs, resources and tools to affect the growth of the business and create and execute the Blockchain and regulatory compliant, security-based Token programs. They also work with investment banking, private equity and democratized investment community to assist their clients with financing initiatives.
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