Business
Handing Over the Keys: Global Payout Launches First MTRAC Client
Handing Over the Keys: Global Payout Launches First MTRAC Client.
About this update from Psyc Corporation
[{"type":"text","content":"\nSAN DIEGO, June 19, 2018 (GLOBE NEWSWIRE) -- via OTC PR WIRE--Global Payout Inc. (OTCPink:GOHE) (“Global”) is pleased to announce that their wholly owned subsidiary MTRAC Tech Corp. (“MTRAC”) has begun integrating their blockchain powered payment solution in their first merchant location, ManKind, a San Diego-based dispensary. They anticipate full launch of the system on Monday June 25th.   The MTRAC kiosk was installed Friday June 15th and the Company plans to dedicate the next few days towards integrating the cashless payment platform and prepping the new client for their initial launch.  \n\n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n\n The execution of this merchant agreement and integration of the MTRAC payment solution with its first merchant truly marks a milestone in the MoneyTrac story which has now, by way of the previously announced reverse triangular, become an integral part of the Global Payout story through its wholly owned subsidiary, MTRAC Tech Corp. The integration of their initial merchant within the cannabis space also marks the beginning of a new era of alternative payment processing. With this initial launch the Company moves ever closer to establishing itself as “The Key to Cashless™” for businesses operating in cannabis and other “high-risk” and “high-cost” market sectors. The ability of this system to function independent of a formal banking structure offers these industries the security and functionality they need to truly compete in such a technologically advanced and evolving economy that continues to migrate away from cash as the status quo.   “Getting our first client up and running marks a monumental week here at Global and MTRAC,” Said Global Payout CEO, Vanessa Luna. “While we are very excited to have a strong company utilizing our system, we are fully prepared to gain knowledge acquired through this experience to better establish ourselves with future clients. We have a number of merchants in the pipeline that are eager to implement our system and we are working everyday to accommodate as many of them as we can. By capitalizing on a fledgling multibillion dollar industry, and employing nascent Blockchain technology, we have a solution that is truly unique, and offers the cannab...