NEW YORK , Feb. 23, 2018 (GLOBE NEWSWIRE) -- via CannabisNewsWire – CannabisNewsWire ("CNW"), a multifaceted financial news and publishing company, today announces the publication of an editorial featuring Global Payout, Inc. (GOHE), a client of CNW and a leading provider of comprehensive and customized prepaid payment solutions for domestic and international organizations distributing money worldwide.

To view the full publication, titled “The Modern Cannabis Industry — A Tight Mesh of Integrated Verticals and Technologies,” visit: http://nnw.fm/Z5dfE

The numerous strategic partnerships developed by Global Payout, Inc.’s (OTC:GOHE) majority-owned subsidiary MoneyTrac Technology, Inc. (“MTRAC”) in recent months brilliantly reveal the intersect potential of cannabis, finance, compliance and banking. Moreover, with the completion of the requisite due diligence and final steps needed for a Regulation D, Rule 506(c) security offering, MTRAC is now poised to offer the cash-driven cannabis industry a helping hand via the launch of its MTRAC-Token (http://cnw.fm/Jf5Ra). Because the federal government’s regulations discourage banks from handling the proceeds of marijuana transactions, thousands of profitable businesses, often doing hundreds of thousands of dollars a month in sales legalized by their respective states, have had to risk managing day-to-day operations entirely in cash (http://cnw.fm/0ZTzc).

By harnessing the power of blockchain technology, MTRAC-Token will offer the cannabis industry a cryptocurrency-based and decentralized non-cash payment system that lends itself to regulatory compliance. The company has even tapped full-service blockchain technology and token accelerator Pegasus Fintech, Inc., to assist in ensuring that accredited investors hop on board. Investors who may have otherwise shied away from financially backing the cannabis industry will subsequently get a unique opportunity to access the 15 to 26 percent CAGR leading analysts have projected for this sector over the next several years (http://cnw.fm/9wngD). Worth nearly $8 billion already (http://cnw.fm/r8H8c), the North American cannabis industry is still woefully underserved when it comes to basic but essential financial services.

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 for domestic and international organizations distributing money worldwide. In 2014, Global introduced its first online payment platform called the Consolidated Payment Gateway (CPG), which allowed its enterprise clients to transfer money to international bank accounts, mobile accounts, and prepaid card accounts. The development of the CPG became the foundation for the introduction of its new, state of the art FINTECH payment system in 2017, for both online and mobile applications to allow account holders to maximize an expanded suite of financial services and minimize operational costs. Global will continue to offer their FINTECH payment system to many vertical markets for support of foreign currency exchange and digital currency, including ongoing support of the banking industry and international governments. For more information, visit www.GlobalPayout.com.

About CannabisNewsWire (CNW)

CannabisNewsWire (“CNW”) is a specialized information service that (1) aggregates cannabis news, (2) provides CannabisNewsBreaks that quickly updates investors in the space, (3) enhances corporate press releases, (4) helps companies with distribution and optimization of social media, and (5) delivers comprehensive corporate communication solutions. CNW is uniquely positioned in the cannabis market with a strong team of journalists and writers who can help private and public companies reach a wide audience of investors, consumers, journalists and the general public through our ever-growing dissemination network of more than 5,000 key syndication outlets. CNW is bringing unparalleled visibility, recognition and content to the cannabis industry.

For more information please visit https://www.CannabisNewsWire.com

Please see full terms of use and disclaimers on the NetworkNewsWire website applicable to all content provided by NNW, wherever published or re-published: http://CNW.fm/Disclaimer

Forward-Looking Statements

This release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended and Section 21E of the Securities Exchange Act of 1934, as amended. All forward-looking statements are inherently uncertain as they are based on current expectations and assumptions concerning future events or future performance of the company. Readers are cautioned not to place undue reliance on these forward-looking statements, which are only predictions and speak only as of the date hereof. In evaluating such statements, prospective investors should review carefully various risks and uncertainties identified in this release and matters set in the company's SEC filings. These risks and uncertainties could cause the company's actual results to differ materially from those indicated in the forward-looking statements.

CNW Corporate Communications Contact:
CannabisNewsWire (CNW)
Denver, Colorado
www.CannabisNewsWire.com
303.498.7722 Office
Editor@CannabisNewsWire.net