Global Payout (OTC: GOHE) together with its wholly-owned subsidiary MTrac Tech Corporation this morning provided a shareholder progress update on the roll out of secure blockchain-backed payments platform, MTrac. Since its October launch, the platform has realized month over month increases in transactions, net revenue and average ticket prices. According to the update, the company’s research has reflected an average increase of 26 percent on ticket prices for customers using MTrac as compared to pre credit card acceptance. The company expects significant revenue increases to continue over the coming months through growing merchant adoption and system updates to streamline processes. MTrac boasts a 100 percent client retention rate and, by the end of February, intends to roll out the platform in four new states including Minnesota, New Jersey, Florida and Hawaii. “After working on the launch of this system for the last seven months we have become intimately familiar with the myriad of issues that plague the financial management of the cannabis industry,” MTrac CRO Aaron Adler stated in the news release. “But the more confidence we build in the industry the more momentum we gain, and that is really the most important aspect of our current marketing strategy. The truth is our system is far more than just a payments platform, the back-end functionality offers the ability to track and trace each and every dollar that moves through their business, which helps to relieve their banking relationships by moving them away from large cash deposits. We recently launched an API to integrate Point of Sale systems and we are currently in talks with several of the largest POS systems in the Cannabis industry, the first of which could be live as early as the end of this week. We are gaining serious momentum, and the last several months is only a glimpse of what is possible in 2019.”
To view the full press release, visit http://nnw.fm/ojpB8
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. From 2014 to 2017 Global focused on identifying new state of the art technologies in a variety of industry sectors and successfully helped launch MoneyTrac Technology Inc. and other companies within the FinTech space. In 2018, Global completed a reverse triangular merger with MoneyTrac Technology Inc. resulting in Global retaining the wholly owned subsidiary, MTrac Tech Corporation. Global’s current focus is continuing to identify new business opportunities while it reorganizes its future business endeavors. For more information, visit the company’s website at www.GlobalPayout.com.
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