While quite a few leading firms focus on the grow, biotechnological product marketing and development of hemp and cannabis products, others work in the support side of the market. A great example of such firms is Global Payout Inc (OTCMKTS:GOHE), which offers customized payment solutions to enhance financial deals.
As per the CannabisNewsWire editorial coverage, with the growth of the cannabis industry, its overall impact on several other industry segments is also dramatically surging. There are 11 distinct divisions currently directly linked with the cannabis market or play an important role, as per the Marijuana Index. The firm’s cannabis initiatives are assumed by its MoneyTrac subsidiary unit, which provides solutions intended to overcome payment logistical issues and security problems in the cannabis market.
Among other cannabis-related measures, MoneyTrac is also associating with PotSaver brand, a major supplier of medicinal cannabis listings. MoneyTrac’s offerings could show beneficial for other firms establishing roots in the cannabis market.
With more firms expanding their reach into international markets, it is increasingly vital to have access to payment offerings that suit the requirements of consumers anywhere in the world. The role of conventional banks is reducing, led by the demand for innovative and improved financial solutions. Global Payout focus is on entrenching itself as a pioneer in financial technology and offering customized payment solutions for any sort of firm that distributes money internationally.
Global Payout’s Global Reserve Platform marks as a configurable offering that can meet the front-to-back office processing needs of foreign exchange, domestic and global payment service providers. It enhances work flow, financial management and operational efficiencies for businesses running worldwide, and can be tailored for firms in a wide range of business segments.
The breadth of company’s FINTECH solutions now waves into the cannabis market via Global Payout’s MoneyTrac Technology, Inc. subsidiary unit, launched in 2015 to offer high-risk and alternative enterprises with solutions to organize everything from virtual currency and pin debit to compliance and cash flow logistics.
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