Breaking News: Putting the ‘Can’ in Cannabis: MTRAC to Launch Blockchain Payment Platform for Cannabis Industry

Global Payout Inc. (OTC: GOHE) is pleased to announce that its subsidiary MoneyTrac Technology, Inc. ("MTRAC", the "Company") will be launching MTRAC, a full-service banking solution powered by GreenBox blockchain technology, on April 4th, 2018. The official launch of this system brings the MTRAC goal of "Banking the UnbankableTM" to life and marks a massive turning point for both MTRAC and the legal cannabis industry in California.

While many states have legalized medical cannabis, and a handful have gone full blown recreational, traditional banking services remain largely unavailable to the legal cannabis industry. MTRAC, the Company's payment solution powered by GreenBox blockchain technology, not only provides these services but also incorporates the distributed ledger technology to track and record each transaction taking place in cannabis dispensaries. This solves several of the industry's most pressing problems, not the least of which is the ability to track sales to prevent theft. The official launch of MTRAC will present businesses in the industry with effective cashless methods to not only process payments for their consumers, but also remit payments to their vendors, employees, and other business affiliates.

"The goal of MTRAC from the beginning has been to leverage the different technologies available to us to remove the use of cash as the primary form of payment throughout the cannabis industry. While other companies have struggled to find supportive financial solutions, MTRAC opted to take a different approach, and one that has relied heavily on the use of blockchain technology to address this problem for a massive and growing industry," said MTRAC CEO, Vanessa Luna. "I am extremely excited to see MTRAC, our payment solution, officially launch next week. Once this happens, I am confident that every dispensary desiring legitimacy and transparency will jump on board and provide us with a number of new clients to serve."

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