Business
MTrac Effectively Moving Across the States; Retains Government Affairs Power Firm S360
MTrac Effectively Moving Across the States; Retains Government Affairs Power Firm S360.
About this update from Psyc Corporation
[{"type":"text","content":"\n SAN DIEGO, Aug. 21, 2019 (GLOBE NEWSWIRE) -- Global Payout Inc. (OTCPink:GOHE) (“Global” or the “Company”) and its wholly owned subsidiary MTrac Tech Corporation (“MTrac”) are pleased to announce that the company has retained one of the nation’s leading government affairs organization, Strategies 360 (S360), to further the platform’s legislative push to be recognized as the most innovative and seamless SaaS (Software as a Service) solution to facilitate cashless, compliant, and secure payments for the legalized cannabis industry. Headquartered in Seattle, WA, S360 represents a broad range of sectors with an expanding footprint in 12 western states and D.C. The S360 team is comprised of some of the brightest and forward-thinking former executives from various industries, such as technology, finance, and energy, in addition to former state public office holders. One of the primary goals of the MTrac platform has been to assist governments in their efforts to both regulate the cannabis industry and solve the issues associated with cash heavy transactions and lack of available banking resources. Some states have recently been exploring closed-loop systems to implement statewide regulatory oversight of legal cannabis operations. For example, the state of Arizona has opened a “Fintech” sandbox, allowing various closed-loop systems into the Arizona market on a limited basis to see how well they operate. Nevada will, very shortly, be opening a Request for Proposal to find a closed-loop, blockchain platform that will allow their cannabis industry to accept digital payments. It is the opinion of management that the MTrac system is the most seamless version of this payment platform available and offers the added benefit of having a large and growing customer base to provide proof of concept, similar to the recent state-wide launch in Louisiana.   “The agreement with S360 could not have been timelier in terms of presenting our solution to the western region, to showcase the features and functionality of the platform’s closed-loop eWallet accounts for the states’ lawmakers.” said Mr. LeBlanc. “We are extremely excited to be working with such a dynamic and results-driven government affairs team. The opportunity to present our platform at the high...