Breaking News: Global Payout’s MoneyTrac Technology, Inc. and Pegasus Fintech, Inc. Make Strides with Cryptocurrency Token for Cannabis Industry and close in on Launch of ICO

Global Payout, Inc. (OTC: GOHE) (“Global”) is pleased to announce that its majority owned subsidiary, MoneyTrac Technology, Inc. (“MTRAC”, the “Company”) continues to make significant headway with Pegasus Fintech, Inc. on their joint collaboration in the development of a cryptocurrency token that is being developed for the cannabis industry.

Last month, MTRAC announced the establishment of a strategic partnership with Pegasus Fintech, Inc., an innovative Blockchain and Token Accelerator company that is focused on delivering solutions in the financial services, technology blockchain and emerging cryptocurrency market sectors. In recent weeks, each of the companies’ technology teams have devoted much of their time and resources to the development of the cryptocurrency token they intend to introduce to the cannabis industry, an industry that remains underserved from a financial technology perspective.

The anticipated development of the token will allow for a Public Initial Blockchain Offering (“PIBCO”) to be launched and should provide MoneyTrac with an effective avenue for raising the funds necessary to bring their digital currency to market. It will also provide investors and venture capitalists with a unique opportunity, through a regulatory compliant program, to capitalize on one of the fastest growing market sectors in the U.S. today.

“We are truly excited about the progress our tech and business development teams have made in recent weeks with the collaborative work they have been engaged in with Pegasus Fintech,” said MTRAC CEO, James Hancock. “MoneyTrac’s entry into the digital currency market will be a very big step forward in our objective of becoming the most recognized brand for financial technology solutions in the cannabis industry, and we are eager to continue laying the groundwork for the launch of what we believe will be a very successful ICO,” Mr. Hancock commented further.

The companies intend to remain focused on completing all the necessary due diligence required to bring the development of their token to fruition so that it meets the requirements for the launch of the ICO.

Sponsored Content Release. Click for Full Disclosure

Leave a Comment