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CannabisNewsAudio Announces Audio Press Release (APR) on Global Payout, Inc. Leading Financial Services, Cashless Solutions in Booming Cannabis Market
New York, New York--(Newsfile Corp. - May 25, 2018) - CannabisNewsAudio announces the Audi...
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[{"type":"text","content":"CannabisNewsAudio Announces Audio Press Release (APR) on Global Payout, Inc. Leading Financial Services, Cashless Solutions in Booming Cannabis MarketNew York, New York--(Newsfile Corp. - May 25, 2018) - CannabisNewsAudio announces the Audio Press Release (APR) titled \"Opportunities for Growth Found in Burgeoning Cannabis Industry,\" featuring Global Payout, Inc. (OTC Pink: GOHE).To hear the NetworkNewsAudio version, visit http://cnw.fm/3WgfKTo read the original editorial, visit http://cnw.fm/rTy5NIn addition to its involvement with PotSaver, Global Payout and MTRAC continue to lead the way in providing financial services for cannabis companies. Though the use and sale of medical marijuana is legal in 29 states (http://cnw.fm/c6Drq), federal legislation remains the same as when cannabis was included as part of the government's intense war on drugs. Consequently, most financial institutions refuse to provide services to cannabis companies for fear of prosecution.This means that cannabis merchants have been forced to work in a cash-only economy, creating both inefficiencies and higher risks of fraud, theft and accounting errors. As a result, cannabis companies have been searching for alternative payment methods. Global Payout and MoneyTrac technology are moving to provide that service.A technology and business development company whose motto is \"Key to Cashless™,\" MoneyTrac works to provide an alternative to the more traditional banking and electronic finance options. In order to do so, MoneyTrac has leveraged blockchain technology, the leading way of transferring value outside of the mainstream banking sector. Blockchain is a distributed ledger system — a form of data keeping where responsibility for the record is shared across a network rather than kept in one place.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...