GOHE - NetworkNewsBreaks - Global Payout Inc. (GOHE) and MTrac Expand to Deliver Solutions to Oregon and Hawaii Markets
Global Payout (OTC: GOHE) along with its wholly-owned subsidiary MTrac Tech Corporation today announced Mtrac’s expansion into two new markets – Oregon and Hawaii. Oregon was one of the first U.S. states to legalize cannabis for adult recreational use, and Hawaii is legal for medicinal purposes only. National level legislation is being considered to provide protection to financial institutions that deal with cannabis, but many legal businesses remain cut off from basic banking services in the current environment. “We understand the range of concerns regarding the lack of financial solutions from all stakeholders in the industry, and we feel confident that the MTrac platform not only helps businesses to run normal payment operations, but our innovative system also allows banks to engage with businesses with less risk in the current regulatory environment,” MTrac COO Jason LeBlanc said in the news release. “There has never been a time when a multi-billion dollar industry lacked access to financial services, but this disconnect in the cannabis industry has created an opportunity for finance and technology to converge as a major problem solver, and we are thrilled to be delivering our solutions to the states of Oregon and Hawaii.”
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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. From 2014 to 2017 Global focused on identifying new state of the art technologies in a variety of industry sectors and successfully helped launch MoneyTrac Technology Inc. and other companies within the FinTech space. In 2018, Global completed a reverse triangular merger with MoneyTrac Technology Inc. resulting in Global retaining the wholly owned subsidiary, MTrac Tech Corporation. Global’s current focus is continuing to identify new business opportunities while it reorganizes its future business endeavors. For more information, visit the company’s website at www.GlobalPayout.com.
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