CannabisNewsWire Editorial Coverage:
Since their genesis in 2008, bitcoin and its underlying blockchain
technology have spawned entirely new industries. Blockchain
technology appears to be finding application in land registries, in
protecting personal identities, in “smart” contracts, and in many
other areas. The first employment of blockchain was, of course,
bitcoin and cryptocurrencies continue as the main users of the
technology. The value of digital currencies is now in the billions,
led by bitcoin itself, which skyrocketed to a price above $11,000
as of early December. Moreover, digital coins or tokens have been
offered to the public recently in a spate of very successful
Initial Coin Offerings (ICOs) that in 2017 raised more than $1
billion. As acceptance of cryptocurrencies continues to grow,
Global Payout, Inc. (GOHE) (GOHE
Profile), Advanced Micro Devices
(AMD), Global Blockchain
Technologies Corp. (OTC: BLKCF) (TSXV: BLOC), Nvidia Corp.
(NVDA) and Overstock.com, Inc. (OSTK) are
intensifying their involvement with these exciting new
technologies.
Bitcoin is most famously known as a cryptocurrency, but it is
also the world’s first completely decentralized digital payments
system. Its novel decentralized aspect as a means of payment is an
important feature and one that breaks entirely new ground. That is
because electronic payments, in some respects superior to their
paper or physical counterparts, give rise to a “double-spending”
problem. Like any other digital asset, a file representing money
can be easily reproduced or copied. Other electronic payment
systems solve this problem by using a trusted intermediary such as
a credit card company or a bank between payer and payee. However,
this gives rise to the inevitable transaction costs that those
intermediaries charge. The mysterious, undoubtedly clever, inventor
of bitcoin, Satoshi Nakamoto, devised a solution to the
double-spending problem that replaces the role of trusted third
party with “an electronic payment system based on cryptographic
proof" (http://cnw.fm/U9cUn). This cryptographic proof is
achieved by distributing a ledger to all users of a peer-to-peer
network — that is, a record of every transaction. Since this
public, distributed ledger is a history of all transactions, with
every transaction constituting a “block,” it has come to be known
as the “blockchain.”
Blockchain technology and cryptocurrencies are very much on the
minds of executives at Global Payout,
Inc. (GOHE). The California-based provider of payment solutions
recently announced that its majority-owned subsidiary, MoneyTrac
Technology, Inc. (MTRAC), 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). Pegasus Fintech, as an
innovative blockchain and token accelerator company focused on
delivering solutions in the financial services, blockchain and
emerging cryptocurrency market sectors, appears to be a fitting
partner for MoneyTrac’s endeavors in the market.
Leveraging over 30 decades of combined experience, MoneyTrac
provides to businesses operating in a variety of alternative or
"high-risk" industries a sweeping range of services that create the
ability to manage and run their business with optimum efficiency
while meeting regulations; streamlining electronic payment
processing; and developing an operational structure that plays a
critical role in the growth of their business.
“Alternative market sectors are continuing to grow at an
unprecedented rate across the U.S. However, traditional business
resource and service providers are struggling to keep up with this
growth, and in the process, many business owners within these
sectors, or entrepreneurs eager to break into them, lack the
support and resources needed to help move their initiatives
forward,” management notes on its website. “The MoneyTrac
Technology team aims to establish itself as a key resource to these
under-served businesses by offering them an array of services that
we have designed to address the specific challenges businesses in a
variety of alternative market sectors are faced with on a
day-to-day basis."
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.
The overall flurry of new cryptocurrencies on the market is also
raising demand for powerful graphics cards, normally found in PCs
dedicated to gaming. These specialized components, called graphics
processing units (GPUs), are more effective at mining new digital
coins than regular central processing units (CPUs). CPUs are built
to handle a multitude of commands, while GPUs are optimized for
taking huge batches of data and repeatedly performing the same
operation very quickly.
In response to the growing market interest, semiconductor
company Advanced Micro Devices
(AMD) appears to have modified some of
its gaming GPUs for use in mining cryptocurrencies. In August 2017,
the company launched a beta version of its Radeon Software Crimson
ReLive Edition Beta for Blockchain Compute graphics card driver,
according to a Coin Telegraph report (http://cnw.fm/YO72i). Earlier in the year, the company
had reported "elevated demand” from crypto-miners.
GPU market leader Nvidia
(NVDA) is also experiencing a surge in demand for
its crypto-mining gear. In a recent earnings call, its CEO stated
that "cryptocurrency and Blockchain are here to stay.” The company
expects this part of its business to grow as more currencies pop up
all the time, opening a completely new market for GPUs. Nvidia
plans to tap this segment by offering a special coin-mining SKU
(stock keeping unit), a dedicated GPU that meets the needs of
cryptocurrency miners, which will cost less than a regular GPU.
Many of these new chips may end up mining coins from tZero, a
subsidiary of Overstock.com
(OSTK). Through tZero, Overstock is planning a
mammoth ICO, reportedly to raise up to $500 million (http://cnw.fm/3nSAn). Overstock, initially launched to
sell surplus and returned merchandise, now sells close to $2
billion a year in both new and used merchandise. If successful, its
ICO would surpass by far the largest ICO to date, which was
Filecoin’s $257 million offering.
Meanwhile, Global Blockchain Technologies
(BLKCF), through its wholly owned subsidiary, Global
Blockchain Mining Corp., has entered into an agreement to acquire a
49.9 percent interest in CoinStream Mining Corp. In turn,
CoinStream will acquire an interest in Distributed Mining, Inc.
(DMI), which markets cryptocurrency mining software. The DMI
technology is likely to be targeted to gamers whose PCs already
have powerful GPUs. Anyone with such a machine will then be able to
download the DMI software, giving them access to optimized
cryptocurrency mining technology.
The blockchain world is fast maturing. What was an interesting
fad nine years ago is proving to be the basis for a new paradigm.
Presently, blockchain technology is most often employed in
cryptocurrencies and payment systems. However, in the future, it is
likely to disrupt many industries as exploration of its application
in digital identity, asset registration and smart contracts now
testify.
For more information on Global Payout, please
visit: Global Payout,
Inc. (GOHE)
About 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.
Receive Text Alerts from CannabisNewsWire: Text "Cannabis" to
21000
For more information please visit https://www.CannabisNewsWire.com and or https://CannabisNewsWire.News
Please see full terms of use and disclaimers on the
CannabisNewsWire website applicable to all content provided by CNW,
wherever published or re-published: http://CNW.fm/Disclaimer
CannabisNewsWire (CNW)
Denver, Colorado
www.CannabisNewsWire.com
303.498.7722 Office
Editor@CannabisNewsWire.net
DISCLAIMER: CannabisNewsWire (CNW) 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. The
commentary, views and opinions expressed in this release by CNW are
solely those of CNW. Readers of this Article and content agree that
they cannot and will not seek to hold liable CNW for any investment
decisions by their readers or subscribers. CNW is a news
dissemination and financial marketing solutions provider and is 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, CNW, 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.
CNW 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 CNW undertakes no
obligation to update such statements.
Source:
CannabisNewsWire
Contact:
CannabisNewsWire (CNW)
Denver, Colorado
www.CannabisNewsWire.com
303.498.7722 Office
Editor@CannabisNewsWire.net
Global Gaming Technologies (CE) (USOTC:BLKCF)
Gráfico Histórico do Ativo
De Out 2024 até Nov 2024
Global Gaming Technologies (CE) (USOTC:BLKCF)
Gráfico Histórico do Ativo
De Nov 2023 até Nov 2024
