NEW YORK, Dec. 21, 2017 (GLOBE NEWSWIRE) -- via CannabisNewsWire -- CannabisNewsWire ("CNW"), a multifaceted financial news and publishing company for the cannabis industry, today announces the publication of an editorial featuring Global Payout, Inc. (GOHE), a client of CNW and a leading provider of comprehensive and customized prepaid payment solutions for domestic and international organizations distributing money worldwide.
The publication, titled, “Rapidly Growing Cannabis Market Has Massive Impact on Multiple Industry Sectors,” highlights varying sectors within the cannabis industry and the diverse operations of several innovators.
To view the full publication, visit: https://www.cannabisnewswire.com/rapidly-growing-cannabis-market-massive-impact-multiple-industry-sectors/
With more companies expanding their reach into global markets, it is increasingly important to have access to payment solutions that suit the needs of customers anywhere in the world. The role of traditional banks is shrinking, driven by the demand for improved and innovative financial solutions. Global Payout, Inc. (GOHE) is focused on entrenching itself as a leader in financial technology (FINTECH) and providing customized payment solutions for any type of company that distributes money globally.
The breadth of Global Payout’s FINTECH solutions now ripples into the cannabis industry through the company’s MoneyTrac Technology, Inc. (“MTRAC”) subsidiary, introduced in 2015 to provide alternative and high-risk enterprises with solutions to manage everything from pin debit and virtual currency to compliance and cash flow logistics.
MTRAC provides a solution to overcome payment logistical problems and security threats that plague the cannabis industry. These problems have arisen because marijuana is still classified as an illegal substance at U.S. federal level although legal across most states, which means that cannabis suppliers do not have access to traditional banking options. In August 2017, the company announced that it will incorporate bitcoin as a payment method to overcome these problems for customers of retail and wholesale cannabis outlets.
About Global Payout, Inc.
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. For more information, visit www.GlobalPayout.com.
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://www.CannabisNewsWire.com
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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)
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www.CannabisNewsWire.com
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Editor@CannabisNewsWire.net