NEW YORK, March 7, 2018 /PRNewswire/ --
NetworkNewsWire Editorial Coverage
Blockchain continues to become increasingly important in the financial technology sector. While some businesses are focused on pure blockchain solutions, others are considering how to integrate the technology into existing business practices to ensure its benefit to customers and enduring value as a technology. Global Payout, Inc. (OTC: GOHE) (GOHE Profile) has incorporated blockchain into payment and business consulting services for high-risk parts of the economy, as well as supply chain management. LongFin Corp. (NASDAQ: LFIN) is making blockchain an integral part of import/export transactions through smart contracts, as well as using it to provide micro-lending, a vital banking service for entrepreneurs in many parts of the globe. MGT Capital Investments, Inc. (OTC: MGTI) has made cryptocurrency mining, a prominent blockchain service, part of its secure technology platform, while Global Arena Holding, Inc. (OTC: GAHC) is seeking ways to apply blockchain for greater security in elections. Patent licensing company Marathon Patent Group, Inc. (NASDAQ: MARA) has invested in cryptocurrency mining as a way to broaden its technology-driven business. Across the board, companies are finding ways to integrate blockchain into existing work.
New Technology, Old Services
Blockchain has been the center of a storm of attention in recent years, and with good reason. The distributed ledger technology can be used for more than just cryptocurrencies. Blockchain allows secure decentralized information storage, faster financial transactions and smart contracts that automatically release payment on completion. By decentralizing data storage, it could also remove the risks of fraud and failure associated with a single point of control.
The real power of blockchain, however, isn't in what it can do in isolation. Like any technology, it becomes most valuable when integrated into daily life. Forward-thinking companies are increasingly looking for ways to integrate blockchain's financial technology potential into wider work. By building clusters of services around blockchain, these companies are making blockchain more useful, appealing and profitable for a wide range of customers.
Integrating Blockchain into Daily Payments
One of the companies leveraging blockchain is Global Payout, Inc. (OTC: GOHE). Founded in 2009, Global Payout is exploring the potential for blockchain in the payment sector and beyond. In doing so, the company is weaving the potential of this new technology into the needs and processes of other businesses. Its payment solutions for large and small businesses build seamless transactions on a blockchain platform so users don't have to differentiate between old and new payment technologies. Familiar interfaces ease the transition into a new world of faster, more efficient payment and better record keeping.
This movement began with Consolidated Payment Gateway (CPG), the company's first substantial payment platform for businesses. CPG provides a central platform for the processing of payments around the world. At the front end, individual users have access to mobile accounts, direct bank payment and prepaid card accounts for a comprehensive, customized payment solution. In the background, the latest financial technology facilitates payments and supports central oversight for an integrated solution that suits businesses as well as employees.
In 2017, Global Payout followed CPG with Global Reserve Platform (GRP). Built around the Global Reserve Administration module, GRP also provides a customizable platform through which businesses can manage payment processing. From front-end payment options to backroom administration, it smoothly integrates advanced technology into regular business practices. Mobile wallets and prepaid cards connect the system to users' existing payment expectations and mobile technology.
This integration extends to larger scale financial transactions. GRP can be used to process grants, loans and international payments. Cutting-edge technology not only connects neatly into existing processes but links the parts of those processes together.
Integrating Blockchain into Wider Business
Another example of Global Payout's integration of high technology into everyday life is its MoneyTrac Technology subsidiary.
MoneyTrac provides a blockchain-based payment platform for businesses in the cannabis industry. Given the lucrative nature of the medicinal and recreational cannabis markets in North America, access to safe, secure payment processes is essential for companies operating within the industry. Unable to access traditional banking services, many businesses were historically stuck with inefficient and insecure cash payment systems - until now.
MoneyTrac's customizable payment software provides a complete integrated system for companies seeking payment solutions. At the customer-facing front end, MoneyTrac supports bill payment and loyalty schemes, making payment and customer relations smooth and easy. Cash logistics options are even available, allowing customers to purchase using familiar payment methods. However, easy electronic payment is also available through a blockchain-based system.
At the back end, MoneyTrac's system provides an audited, fully compliant banking system, making it easier for businesses to follow the high standards of regulation associated with this sector. The software also makes it easier for businesses to apply for bank accounts, thus integrating high-risk business systems with traditional finance.
Global Payout has further integrated its financial technology into broader business practices by offering MoneyTrac alongside a flexible package of business solutions. The company offers business consulting on a wide range of topics, including compliance, HR, contracts and incorporation. Branding and marketing support help businesses identify the best way to present themselves in the market and to their customers; digital support includes website and email design. And these additional business solutions are all available through the customizable front end of the payment system.
By incorporating blockchain into a complete package of support for a modern business, MoneyTrac ensures the smooth adoption of the technology.
Finding New Integrations
In addition, Global Payout is finding new ways to integrate its blockchain payment solutions with other areas of business.
MoneyTrac accomplishes this through a series of collaborations with other companies. An agreement with Eychronic.tv is set to expand media and advertising solutions for Eychronic.tv's clients. In-store media services and digital advertising options will become part of MoneyTrac's complete technological package for customers. MoneyTrac has also partnered with Crypto Cowboys, a company providing build, supply and support services for cryptocurrency exchanges. This joint venture will expand MoneyTrac's presence in blockchain-based currency and payment solutions. Another partnership with GreenBox POS is set to provide disruptive point-of-sale technologies, integrating blockchain software into a range of payment services.
Another Global Payout subsidiary, SecurCapital, is using blockchain to improve supply chain finance in the mid-tier logistics industry. Forwarders, contractors, carriers and suppliers can all benefit from SecurCapital solutions, including swift global payments, invoicing and proof of delivery. Launched through blockchain conferences in the United States, China and the UK, SecurCapital will provide users with a system that eliminates delays and middlemen, speeds up transactions and smooths out the global supply chain. As with much of Global Payout's work, the results come not from focusing on the flash and dazzle of blockchain but from integrating that technology into existing processes. The unexpected application of blockchain to better fulfill existing business needs ensures the future of the technology and of the companies applying it in smart ways.
Blockchain across Business
Other companies exploring ways to integrate blockchain into established business practices:
LongFin (NASDAQ: LFIN) uses blockchain to provide smooth, secure transactions for import/export businesses. Its blockchain systems create smart contracts where the contract is automatically completed once specific criteria are met. Completion can allow the automatic release of funds or fulfillment of transactions. Longfin also integrates blockchain into the process of micro-lending through its recently acquired subsidiary Ziddy.com. This blockchain-driven lending empowers small businesses and entrepreneurs around the world.
MGT Capital Investment (OTCQB: MGTI) has invested in cryptocurrency mining as part of a broad platform of investment in secure technology. It has established one of the largest bitcoin mining facilities in North America, providing a high rate of return through the world's leading blockchain-powered currency. But the company's vision extends beyond this. Its commitment to data mining is setting up the company with processing power to run other blockchain-based services as this technology grows.
Holding and technology development company Global Arena Holding (OTC: GAHC) has invested in blockchain with a very different goal in mind. The company's subsidiary Global Election Services working with labor organizations, credit unions and other groups to help run elections around the world. Global has created a second subsidiary, GAHI Acquisition Corp., to invest in blockchain technologies for election registration and tabulation processes. If this work bears fruit, Global Arena Holding will be able to incorporate blockchain into existing election support services, preventing electoral fraud through blockchain's system of unalterable past records.
Marathon Patent Group (NASDAQ: MARA), a patent licensing and commercialization company, has expanded beyond its core focus on intellectual property exploitation to cryptocurrency mining through its wholly owned subsidiary Marathon Crypto Mining. A recently announced second mining facility will allow the company to expand its profits through the blockchain-based currency space. Even when blockchain isn't being integrated into the core work of a business, crypto mining can be integrated into a broader platform to increase the business possibilities for a technology-oriented company such as Marathon.
With blockchain continuing to become increasingly important in the financial technology sector and beyond, companies such as Global Payout are positioning themselves to make the most of this new opportunity.
For more information on Global Payout, visit Global Payout, Inc. (OTC: GOHE).
NetworkNewsWire (NNW) is a financial news and content distribution company that provides (1) access to a network of wire services via NetworkWire to reach all target markets, industries and demographics in the most effective manner possible, (2) article and editorial syndication to 5,000+ news outlets (3), enhanced press release services to ensure maximum impact, (4) social media distribution via the Investor Brand Network (IBN) to nearly 2 million followers, (5) a full array of corporate communications solutions, and (6) a total news coverage solution with NNW Prime. As a multifaceted organization 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. 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. For more information, please visit https://www.NetworkNewsWire.com
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.
NetworkNewsWire (NNW) is affiliated with the Investor Brand Network (IBN).
Over the past 10+ years we have consistently introduced new network brands, each specifically designed to fulfil the unique needs of our growing client base and services. Today, we continue to expand our branded network of highly influential properties, leveraging the knowledge and energy of specialized teams of experts to serve our increasingly diversified list of clients.
Please feel free to visit the Investor Brand Network (IBN) www.InvestorBrandNetwork.com
FN Media Group, LLC