Payment solutions company Global Payout, Inc. (OTC: GOHE), through majority-owned subsidiary MoneyTrac Technology, Inc. (“MTRAC”), this morning announced that it has finalized a JV agreement with equity and exclusivity in sales and marketing with GreenBox POS, LLC (“GBOX”), a company leveraging blockchain technology to develop customized payment solutions for various industries. Per the terms of the agreement, MTRAC will serve as a strategic sales and marketing resource to GBOX in exchange for marketing rights to GBOX services in the U.S., Canada and Mexico. MTRAC intends to launch GBOX services in April, and the company believes that these marketing rights could provide for significant revenue in year one. “The details, intricacies, and overall effectiveness of the technology that GreenBox POS has developed is unrivaled by anything else we have seen thus far and is something we believe will disrupt the financial technology side of it,” Vanessa Luna, CEO of MTRAC, stated in the news release. “Not only are their technology solutions impressive, but they fall right in-line with MoneyTrac’s core objective and mission of ‘Banking the unbankable’. In becoming a lead sales and marketing partner for GreenBox, we are giving MoneyTrac another extremely effective resource, leveraged to deliver the solutions our customers and partners desperately need to help run their businesses with optimum efficiency.”
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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 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
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