FINTECH Gains Traction as Businesses Embrace Alternative Banking and Financial Solutions

NEW YORK, September 6, 2017 /PRNewswire/ --

Financial technology, or FINTECH, has established new platforms for many businesses and companies. With improved capabilities, firms are catching on to alternative forms of banking that offer automation of various financial processes ranging from payments to billing and invoicing. It's especially useful in the modern world, where transactions are more often done electronically. FINTECH is not limited to the financial services industry, however. Sectors from logistics and shipping, to high-risk ones such as the cannabis industry are finding electronic wallets and mobile apps more practical than traditional financial services. Global Payout, Inc. (OTC: GOHE) (GOHE Profile) is serving such needs with B2B financial automation solutions through its Global Reserve Platform, while also affording access to bitcoin via its MoneyTrac, Inc. ('MTRAC') subsidiary. Bitcoin Services (OTC: BTSC) is a big player in the evolving FINTECH arena, as is BTCS, Inc. (OTC: BTCS). Industry behemoths such as Apple, Inc. (NASDAQ: AAPL) and Alphabet, Inc. (NASDAQ: GOOG) are taking FINTECH to new levels on both the business and consumer fronts.

Global Payout, Inc. (OTC: GOHE) makes payment solutions available to clients around the world, serving the needs of everything from commercial enterprises to government institutions. Its Global Reserve Platform is a web-based banking platform that includes everything domestic, foreign exchange, and international payment service providers need to conduct financial transactions. It handles online banking, compliance, mobile wallets, card management, biometric payments, authentication, merchant payment processing, bill payments and more, while also offering core and traditional banking products. Global Payout's primary focus in this area is logistics, in addition to small to medium size companies, banking, and travel firms.

MTRAC provides FINTECH solutions to alternative and high-risk markets, such as cannabis, allowing businesses to manage virtual currency and handle cash flow logistics while bypassing traditional banks.

"Since there is an inability to access commercial banks for merchant bank accounts, we feel it is imperative to focus on currency alternatives such as bitcoin to service cannabis industry transactions. Furthermore, our payment system is completely ready for use. It will not require a great deal of time or money to incorporate bitcoin into the equation," Hancock stated in a previous news release (http://nnw.fm/Q3C9i).

A business development agreement between MTRAC and PotSaver further demonstrates MTRAC's broader strategy to take advantage of new market opportunities. Based in Southern California, PotSaver is a community periodical that serves local shops and dispensaries in the region's medical and recreational cannabis industry, providing listings on discounted cannabis products. This partnership provides MTRAC the opportunity to increase brand awareness in the cannabis industry and potentially grow its revenue stream.

"With the medical and recreational cannabis industry growing at an unprecedented rate in California, we are determined to be conscious of the multiple opportunities that currently exist, or that we can create for MoneyTrac to further expand its brand throughout the industry as well as tap into every available revenue source possible," Vanessa Luna, COO of MoneyTrac, stated in the news release (http://nnw.fm/KF5oq ). "This agreement with PotSaver is an excellent opportunity for us to offer the industry-specific business development expertise we have acquired to help further PotSaver's go-to-market strategy, while simultaneously creating a new source of revenue for our company as we continue to expand our own brand throughout the industry."

MTRAC's developments play a supportive role in Global Payout's overarching mission in FINTECH. Global Payout began by offering prepaid card services and a payment platform for businesses in different countries, but improvements in 2016 added additional functions now seen in its Global Reserve Platform. Blockchain technology, such as that familiarized by Bitcoin Services (OTC: BTSC), is part of the system, giving various industries the benefits of FINTECH on a much broader scale.

Bitcoin Services is a cryptocurrency leader offering an escrow service, a neutral third-party that serves buyers and sellers during online transactions. Verification processes are run by bitcoin mining services, so transactions are always properly validated and secured. The company's role in FINTECH has been a key one since its incorporation in 1997, especially since it is a major player in the development and sale of blockchain software.

Another player in FINTECH and blockchain/digital currency is BTCS, Inc. (OTCQB: BTCS). In August 2017, BTCS announced the signing of a letter of intent to merge with Blockchain Global Limited. A merger would give access to the Australian company's bitcoin exchange, transaction verification services, and start-up accelerator program that provides fledgling business with access to blockchain technologies and applications. Consulting and advisory services are also offered, such as those supporting crowd-sourced blockchain token sales. In a recent letter to shareholders, BTCS mentions the 300 percent surge in bitcoin over a year, and that this boost and the involvement of large organizations demonstrates the mainstream acceptance of digital FINTECH assets. It plans to participate in strategic market purchases, make initial coin offerings, and resume transaction verification services to expand its digital asset portfolio.

Innovative offerings by FINTECH companies are fueling activity not just in the commercial sector. Some of them, such as Global Payout's MTRAC solution, are being used to offer advanced payment solutions to consumer-facing companies.

Online purchasing solutions enabled by similar systems include Apple Pay from Apple, Inc. (NASDAQ: AAPL). Consumers can pay for items with credit and debit cards on their mobile devices, and can do so on the same platform even while in a store. One just needs to hold their iPhone or Apple watch up to a reader for it to work. Customers can pay within apps as well, make donations, or shop online. The service can be used at many major retail chains and websites, and to donate to a range of nonprofit organizations. It extends the value of FINTECH to consumers who shop at electronics, clothing, pharmaceutical, toy, and general stores; gas stations; restaurants; and who stay at hotels.

Alphabet, Inc (NASDAQ: GOOG) is also vested in the consumer FINTECH segment. Google Wallet allows for automatic cash transfer; users can send money to anyone using the app. Their email address and phone number are all that is needed. The product is useful in a variety of settings, from splitting the bill at a restaurant to planning trips and purchasing group gifts, as well as making commercial transactions. Transferring cash is possible for payment of any service, especially for sole proprietors. That puts FINTECH in the hands of anybody who wishes to make a transaction online or via digital devices or methods. The service is available in the U.S. and the UK, although users can't yet transfer funds between countries.

FINTECH companies and services are enabling business and consumer transactions that can be managed digitally, without going through a bank. These afford simpler, faster and increasingly convenient options and enable business to be conducted more freely in high-risk industries that are tightly regulated by traditional financial institutions. FINTECH is gaining value at many different levels. Logistics companies are catching on because it streamlines shipping operations, while companies such as Apple and Google are extending digital payment technologies to consumers, giving FINTECH a nearly limitless market reach. The rapid growth of bitcoin and blockchain technology is also clear evidence that digital B2B and consumer payment solutions have significant upside potential.

For more information on Global Payout, Inc., please visit Global Payout (OTC: GOHE).

About NetworkNewsWire

NetworkNewsWire (NNW) is an information service that provides (1) access to our news aggregation and syndication servers, (2) NetworkNewsBreaks that summarize corporate news and information, (3) enhanced press release services, (4) social media distribution and optimization services, and (5) a full array of corporate communication solutions. As a multifaceted financial news and content distribution company with an extensive team of contributing journalists and writers, NNW is uniquely positioned to best serve private and public companies that desire to reach a wide audience of investors, consumers, journalists and the general public. NNW has an ever-growing distribution network of more than 5,000 key syndication outlets across the country. By cutting through the overload of information in today's market, NNW brings its clients unparalleled visibility, recognition and brand awareness. NNW is where news, content and information converge.

NetworkNewsWire (NNW)
http://www.NetworkNewsWire.com
212.418.1217 Office
Editor@NetworkNewsWire.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://NNW.fm/Disclaimer.

DISCLAIMER: NetworkNewsWire (NNW) is the source of the Article and content set forth above. References to any issuer other than the profiled issuer are intended solely to identify industry participants and do not constitute an endorsement of any issuer and do not constitute a comparison to the profiled issuer. FN Media Group (FNM) is a third-party publisher and news dissemination service provider, which disseminates electronic information through multiple online media channels. FNM is NOT affiliated with NNW or any company mentioned herein. The commentary, views and opinions expressed in this release by NNW are solely those of NNW and are not shared by and do not reflect in any manner the views or opinions of FNM. Readers of this Article and content agree that they cannot and will not seek to hold liable NNW and FNM for any investment decisions by their readers or subscribers. NNW and FNM and their respective affiliated companies are a news dissemination and financial marketing solutions provider and are NOT registered broker-dealers/analysts/investment advisers, hold no investment licenses and may NOT sell, offer to sell or offer to buy any security.

The Article and content related to the profiled company represent the personal and subjective views of the Author, and are subject to change at any time without notice. The information provided in the Article and the content has been obtained from sources which the Author believes to be reliable. However, the Author has not independently verified or otherwise investigated all such information. None of the Author, NNW, FNM, or any of their respective affiliates, guarantee the accuracy or completeness of any such information. This Article and content are not, and should not be regarded as investment advice or as a recommendation regarding any particular security or course of action; readers are strongly urged to speak with their own investment advisor and review all of the profiled issuer's filings made with the Securities and Exchange Commission before making any investment decisions and should understand the risks associated with an investment in the profiled issuer's securities, including, but not limited to, the complete loss of your investment.

NNW & FNM HOLDS NO SHARES OF ANY COMPANY NAMED IN THIS RELEASE.

This release contains "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E the Securities Exchange Act of 1934, as amended and such forward-looking statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. "Forward-looking statements" describe future expectations, plans, results, or strategies and are generally preceded by words such as "may", "future", "plan" or "planned", "will" or "should", "expected," "anticipates", "draft", "eventually" or "projected". You are cautioned that such statements are subject to a multitude of risks and uncertainties that could cause future circumstances, events, or results to differ materially from those projected in the forward-looking statements, including the risks that actual results may differ materially from those projected in the forward-looking statements as a result of various factors, and other risks identified in a company's annual report on Form 10-K or 10-KSB and other filings made by such company with the Securities and Exchange Commission. You should consider these factors in evaluating the forward-looking statements included herein, and not place undue reliance on such statements.  The forward-looking statements in this release are made as of the date hereof and NNW and FNM undertake no obligation to update such statements.

Media Contact
FN Media Group, LLC
E-mail: editor@financialnewsmedia.com
+1(954)345-0611

SOURCE NetworkNewsWire