NetworkNewsBreaks – Global Payout, Inc. (GOHE) S
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Payment solutions company Global Payout, Inc. (OTC: GOHE), through majority-owned subsidiary MoneyTrac Technology, Inc. (“MTRAC”), this morning announced that it has entered a joint venture partnership with Crypto Value Management System, LLC (“CVMS”), a Delaware-based company that has secured an exclusive California license for a cryptocurrency exchange platform. Per the update, this platform will effectively bolster each of the companies and their ability to provide financial technology solutions to businesses operating across a number of market sectors, including the rapidly expanding cannabis industry. “Securing this JV Partnership Agreement with CVMS marks a huge milestone for MoneyTrac and our continued pursuit of banking the ‘un-bankable’ within the cannabis industry,” Vanessa Luna, CEO of MTRAC, stated in the news release. “The exclusive licenses CVMS has worked diligently to acquire in the State of California are critical pieces to the foundation we are developing for a token exchange platform that will become one of the most valuable resources to businesses in an industry where millions of dollars are exchanged in commerce every day.”
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