Another Pump pr that says little about GOHE's income, but clearly points to a better year for them than anyone expected last year.
Bitcoin Cryptocurrency Price Hits New Highs This Week
35 minutes ago - DJNF
FinancialBuzz.com News Commentary
NEW YORK, August 31, 2017 /PRNewswire/ --
Bitcoin's price reached a new all-time high of $4,703.42 on Tuesday, or up 70% in the month of August. While on Wednesday, the price of bitcoin detracted slightly and trading between a range of $4,580 to $4,600. Some have expressed concerns that the value of the digital currency has reached its peak, and its value will fall fast. Others, like Financial Advisor Neil Waxman, managing director of Capital Advisors have a different opinion. "Anyone who thinks this is a fad is deluding themselves, clients really need to be educated on this topic," he told the Financial Advisor publication (a Financial Times service). Global Payout, Inc. (OTC: GOHE), Bitcoin Services Inc. (OTC: BTSC), SinglePoint, Inc. (OTC: SING), Global Arena Holding Inc. (OTC: GAHC), United American Healthcare Corporation (OTC: UAHC)
Bitcoin's official news, revealed that the protocol firm Blockstream announced this month their plan to transmit bitcoin from space across the world using satellite technology. Blockstream CEO, Adam Back talked about how the technology would help people across the globe. He said, "Today's launch of Blockstream Satellite gives even more people on the planet the choice to participate in Bitcoin. With more users accessing the Bitcoin blockchain with the free broadcast from Blockstream Satellite, we expect the global reach to drive more adoption and use cases for Bitcoin, while strengthening the overall robustness of the network."
Global Payout, Inc. (OTC: GOHE) on August 28th announced that, "it will incorporate bitcoin as a payment method for retail and wholesale customers in the cannabis industry. In providing a solution for the logistical headaches and constant security threats to cannabis businesses, Global Payout's majority owned MoneyTrac Technology, Inc. ('MTRAC') subsidiary will leverage its virtual financial wallet technology to eliminate cash payments for cannabis at retail stores.
Because marijuana is illegal on a federal level in the United States, the industry is largely underbanked. As a result, most cannabis companies and dispensaries lack an electronic method to complete secure payments, instead conducting all-cash transactions. This environment creates significant challenges in terms of accounting, cash management storage, and safety. Global Payout recognizes bitcoin as the quickest, safest and most reliable way to fill this void and help cannabis companies more efficiently conduct their business."
"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," says Global Payout Founder and CEO, Jim Hancock.
Joe Sebo, CFO of Global Payout adds, "Everyone in the payment processing world is racing to provide the cannabis industry with a cashless alternative using bitcoin technology, and the companies that accomplish this task will realize incredible profits. I believe Global Payout is one of those companies."
