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CannabisNewsWire Announces Publication Discussing Innovative Solutions to Incorporate Cryptocurrency Payments
New York, New York--(Newsfile Corp. - December 11, 2017) - CannabisNewsWire ("CNW"), a multi...
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[{"type":"text","content":"CannabisNewsWire Announces Publication Discussing Innovative Solutions to Incorporate Cryptocurrency PaymentsNew York, New York--(Newsfile Corp. - December 11, 2017) - CannabisNewsWire (\"CNW\"), a multifaceted financial news and publishing company for the cannabis industry, today announces the publication of an editorial featuring Global Payout, Inc. (OTC Pink: GOHE), a client of CNW offering a full-service solution for alternative banking and electronic financial solutions and provides all aspects of financial technology including E-Wallet and mobile apps services for businesses and companies in various \"high-risk\" industries. The publication, titled, \"Bitcoin's Rise Solidifies the Intersection of Cannabis and Cryptocurrency,\" discusses the strategies of several companies carving their niche in the burgeoning cryptocurrency industry.To view the full publication, visit: https://www.cannabisnewswire.com/bitcoins-rise-solidifies-intersection-cannabis-cryptocurrency/\"As bitcoin's price continues its meteoric rise, which has seen the cryptocurrency skyrocket in value from just under $1,000 at the start of 2017 to above $10,000 in November, a number of companies have taken steps to benefit from the growth of the burgeoning cryptocurrency industry. One area of the industry that appears to offer significant growth potential is the application of bitcoin and other cryptocurrencies to sectors of the economy, such as the cannabis industry, that are blocked from accessing banking services. \"Global Payout, Inc. (GOHE) has positioned itself to provide transactional services to companies offering cannabis-related products through its MoneyTrac Technology, Inc. subsidiary, which enables such companies to access the banking services they need to conduct their business. While some states have legalized the use of cannabis, it is still categorized as a Schedule 1 drug according to the federal Controlled Substances Act - hence, cannabis businesses are essentially \"unbankable,\" and shut out of the traditional banking system. … The recent addition of bitcoin technology to the platform helps merchants address the difficulties associated with having to perform cash-only transactions by giving them a secure payment option. Backed by the power of the blockchain, a distributed network of peer-to-peer servers that enables the preservation ...