Global Payout, Inc. (OTC: GOHE) (“Global”) is pleased to announce that its majority owned subsidiary, MoneyTrac Technology, Inc. (“MTRAC,” the “Company”) has established a strategic partnership with Pegasus Fintech, Inc., an innovative blockchain and token accelerator company delivering regulatory-compliant solutions in the financial services, technology, blockchain, and cryptocurrency market sectors.
The core focus of the partnership will center around the development of a regulatory-compliant, security-based cryptocurrency token to be utilized within the financial technology platform that MTRAC is currently developing for its clients operating in the cannabis industry. Additionally, it is MTRAC’s intent to introduce a value-driven token that will completely streamline payment processing for businesses and consumers across an industry that continues to grow substantially.
“MoneyTrac Technology is aiming to establish itself as the most effective full-service provider of financial technology solutions for businesses in the cannabis industry,” says MTRAC COO Vanessa Luna. “Pegasus’s cryptocurrency technology will serve as the catalyst for us to develop and introduce a cryptocurrency token that we believe will become the foundation for a revolutionary financial platform for the cannabis industry and go well beyond anything currently available in this market.”
Pegasus founder and CEO David Lucatch adds, “At Pegasus Fintech, we have devoted a considerable amount of time and effort toward the development of a security-based token acceleration process that meets the needs and expectations of a changing global securities landscape. We are excited to have the opportunity to work in collaboration with MoneyTrac Technology on the development of a regulatory compliant Public Initial Blockchain Offering (“PIBCO”) that will become the foundation for a token offering in their market sector that we believe will not only offer a real value to investors and token holders, but also facilitate market liquidity.”
With the development and successful launch of a cryptocurrency-based token, MoneyTrac expects to increase its revenue earning potential in addition to its overall value amongst its client base within the cannabis industry.
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