Business
MTrac’s The Key to Cashless® is Now a Federally Registered U.S. Trademark
MTrac’s The Key to Cashless® is Now a Federally Registered U.S. Trademark.
About this update from Psyc Corporation
[{"type":"text","content":"\nSAN DIEGO, March 21, 2019 (GLOBE NEWSWIRE) -- via OTC PR WIRE -- Global Payout Inc. (OTCPink: GOHE) (“Global” or the “Company”) and its wholly owned subsidiary MTrac Tech Corporation (“MTrac”) are pleased to announce that the U.S. Patent and Trademark Office has federally registered its slogan, The Key to Cashless® under Trademark Registration #5705041. The initial application for this trademark was initially filed and submitted roughly one year ago by MTrac’s legal team, and with its completion and official registration, the Company will now incorporate the trademark into its growing book of assets.\n\n \n \n \n \n \n \n \n \n \n \n \n GOHE PR March 21\n \n \n \n \n \n \n \n \n\n “This slogan represents our philosophical vision for the financial solutions our team is delivering to an industry in need,” said Vanessa Luna, MTrac CEO. “The cannabis industry has, in my opinion, been federally handcuffed by Schedule 1 classification, and all of the state-licensed cannabis businesses, who are doing everything correct from a regulatory compliance perspective to remain in good standing with its state and local governments, and who are creating jobs and generating tax revenue for the betterment of communities, have been effectively cut off from traditional banking services. These organizations have endured many challenges such as high security costs, managing financial expenditures, and all of the risks associated with cash-only or cash-heavy operations,” says Ms. Luna. As evidenced by the rapid growth of MTrac\"s operations specifically in the cannabis industry, we expect the cannabis industry to fully embrace our technology to help address their needs. By utilizing innovative blockchain ledger technology, MTrac has been able to implement its FinTech solution as a comprehensive value position, which not only provides consumers and merchants with a card processing platform, but is also reducing risk and increasing sales and tax revenue for state and local governments. Said Ms. Luna, “The financial challenges facing the cannabis industry have created an opportunity for FinTech solutions to redefine traditional merchant processing and is providing a platform to prove its reliability. The structure of our business model relies on the software platform that serve...