- New-generation tech includes blockchain transaction transparency for logistics
- Majority of large multinational corporations exploring ways to apply blockchain
- Growing number of jobseekers starting their own businesses and seeking logistical solutions
A new generation of startup entrepreneurs arrives in the marketplace looking for problems to solve in a profitable way. Long-established multi-national businesses ponder financial sheets while balancing opportunities to increase their revenues against the risks of undoing their already successful enterprises. A disruptive technology raises its head and creates something of a market frenzy in the midst of it all. Global Payout, Inc. (OTC: GOHE) is walking and working in each of these avenues as it extends its innovative financial technology solutions to business logistics sectors in need of clear processes that let daylight in on their operations.
Global Payout’s fintech goal of connecting a global market to a private banking network in a way that adopts emerging technology aims to serve young business builders working out of their garages and old governments concerned about regulating commerce. Global Payout subsidiary SecurCapital, based in Los Angeles, is among the enterprises capitalizing on the emergence of blockchain technology — a secure, transparent transactional tech — to improve the way businesses manage their logistics. This development affects everything in their supply chains, including the transportation of goods and people, the advancement of customer service, inventory maintenance, the flow of information and order processing, warehousing, and so on (http://cnw.fm/w3MrV).
The company’s SecurCloud platform provides an integrated system for managing global payments, foreign exchange and factoring services across the geographical and institutional borders that separate nations and their markets, utilizing a proprietary ecosystem controlled by the client. An estimated six out of 10 major companies are researching ways to apply blockchain technology to guide cost-cutting efforts, both in client-centric areas such as product shipping and in company-centric areas such as personnel human resources, according to an article in Cryptoslate (http://cnw.fm/HsT38).
At the other end of the business spectrum, job seekers are driving a renewed vitality in company creation, according to global job placement experts Challenger, Gray, and Christmas (http://cnw.fm/CBtm0). Following a sharp decline in the birth of new businesses that coincided with the financial crisis of 2007-2008 (http://cnw.fm/0AL4h), Challenger, Gray, and Christmas noted that 6.1 percent of job seekers started their own business in 2016, the highest percentage in recent years amid optimism that the new ventures will succeed — or that the would-be business founders can re-enter the workforce in traditional jobs if they don’t succeed. New business means a new raft of workers trying to manage the mistakes that come with gaining experience, while making their endeavors profitable by using technology to keep as many labor-intensive costs as low as possible — another area where Global Payout’s fintech solutions are coming in handy.
The company’s Global Reserve platform is a fully configurable ‘banking-in-a-box’ platform with an Internet-accessible basis. The platform can take care of office needs from the front door to the back room of domestic, foreign exchange and international payment service providers (http://cnw.fm/2LdnC). Global Payout subsidiary MoneyTrac Technology, Inc. recently announced a joint-venture agreement with another customizable payment solutions company, GreenBox POS, LLC, to market software and hardware that handle cash issues for cashless operations, take care of direct and immediate deposits from cash to blockchain and rapidly confirm bank account availability in the United States, Canada and Mexico (http://cnw.fm/G5pYw).
MoneyTrac, based in San Diego, targets ‘high-risk’ industries, including cannabis-related companies that struggle to manage their financial transactions when they aren’t granted direct access to banks because of the federal prohibition against any type of cannabis or marijuana use, even in states where the local governments have legalized it. On March 8, MTRAC announced that it will launch an ‘MTRAC-Token’ as a cannabis-focused cryptocurrency to help overcome the restrictions on banking accessibility and e-payment in the cannabis sector (http://cnw.fm/ITKd0). Its PotSaver cannabis sector publication is linking cannabis consumers to other retailers that they may find of importance, as well.
“As the industry has morphed into the multi-billion-dollar industry it is today, we recognize that this is now, more than ever, a community made up of your everyday consumers who are looking for more than just deals on cannabis products, but who are also eager to find deals on other products and services that are offered by the many different businesses in their local communities, and we are committed to developing PotSaver into a resource they can rely on for all of this,” MTRAC CEO Vanessa Luna stated in a news release (http://cnw.fm/s6HhX).
For more information, visit the company’s website at www.GlobalPayout.com
More from CannabisNewsWire
CannabisNewsWire (CNW) is an information service that provides (1) access to our news aggregation and syndication servers, (2) CannabisNewsBreaks 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, CNW 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. CNW 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, CNW brings its clients unparalleled visibility, recognition and brand awareness. CNW is where news, content and information converge.
For more information please visit https://www.CannabisNewsWire.com