CannabisNewsWire Announces Publication Discussing Blockchain Technology and its Diverse Applications

New York, New York--(Newsfile Corp. - December 11, 2017) - CannabisNewsWire ("CNW"), a multifaceted financial news and publishing company for the cannabis industry, today announces the publication of an editorial featuring Global Payout, Inc. (OTC Pink: GOHE), a client of CNW and provider of comprehensive and customized prepaid payment solutions for domestic and international organizations distributing money worldwide.

The publication, titled, "Success of Initial Coin Offerings (ICOs) Shows Increasing Application of Blockchain Technology to Payment Solutions," reviews the development of cryptocurrency and blockchain solutions for a variety of applications.

To view the full publication, visit:https://www.cannabisnewswire.com/success-initial-coin-offerings-icos-shows-increasing-application-blockchain-technology-payment-solutions/

"…Global Payout, Inc. (GOHE)… The California-based provider of payment solutions recently announced that its majority-owned subsidiary, MoneyTrac Technology, Inc., in conjunction with Pegasus Fintech, Inc., is developing a cryptocurrency token for the cannabis industry, a market grossly underserved by the latest financial technology (http://cnw.fm/ZpK9f).

"The creation of the cryptocurrency token will allow MoneyTrac to launch a public initial blockchain offering (PIBCO), a new vehicle for raising funds similar to an IPO. Pegasus Fintech has developed a process for public companies to initiate regulation-compliant PIBCOs in the capital markets (http://cnw.fm/Rwo0X). Global Payout's MoneyTrac division is aiming to become the most recognized brand for financial technology solutions in the cannabis industry, and recently acquired a majority stake in PotSaver, a periodical that provides listings on discounted cannabis-related products for local dispensaries and shops (http://cnw.fm/fP60s).

"Since its inception in 2009, Global Payout has been a global provider of comprehensive, customized pre-payment solutions to both domestic and international organizations. In 2014 it introduced its first online payment platform, the Consolidated Payment Gateway (CPG), which allows its enterprise clients to transfer money to international bank accounts, mobile accounts, and prepaid card accounts. Since then, the CPG platform has been further developed and it now forms the basis for the company's new, state-of-the-art FINTECH payment system, launched in 2017. Global Payout offers its FINTECH payment system to many vertical markets to support foreign currency and digital currency exchange, a service that includes ongoing support to government clients and corporate entities in the financial services industry."

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://wwwCannabisNewsWire.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 Contact:

CannabisNewsWire (CNW)
Denver, Colorado
www.CannabisNewsWire.com
303.498.7722 Office
Editor@CannabisNewsWire.net