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Cyberport Fintech Delegation to London led by Financial Secretary Concluded

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Hong Kong, Oct. 31, 2019 (GLOBE NEWSWIRE) — HONG KONG, 31 October 2019 – Hong Kong Cyberport (Cyberport) successfully organised a Fintech delegation of 15 Hong Kong Fintech start-ups and companies from the Cyberport community, led by the Financial Secretary, Mr Paul Chan, to visit London from 28 to 31 October to bolster collaboration between the two economies in promoting financial innovation. 

The delegation includes start-ups in the fields of RegTech, blockchain, wealth management technology, cross-border payments, and artificial intelligence. The mission aims at forging connections amongst stakeholders in the global Fintech landscape, with a view of fostering collaboration and developing business and investment opportunities.

The Financial Secretary, Paul Chan, said, “It is my great pleasure to bring a delegation of Fintech start-ups from Hong Kong to London. We entered into a Fintech Bridge Agreement with the UK Government in September 2017 to foster collaboration between the two economies in promoting financial innovation. With an increasingly vibrant Fintech ecosystem, we hope to see Hong Kong’s home-grown Fintech firms flourish and expand their footprint to other Fintech hubs. I hope the visit of our delegation to the UK this time will help drive a stronger flow of Fintech entrepreneurs and companies of both places across the bridge in the future.”

Peter Yan, Chief Executive Officer of Cyberport, said, ‘‘Cyberport is pleased to organise a Fintech delegation to the UK once again after its fruitful visit in 2017. The delegation exemplifies the strong connection between the two major Fintech ecosystems and provides an opportunity for Cyberport’s Fintech start-ups to demonstrate the innovative solutions they have on the global stage. Talent cultivation and development is one of our strategic focuses. We are committed to propelling start-ups towards global expansion and cultivating strong impetus to the economic growth of Hong Kong, as well as promoting Hong Kong’s role as the leading Fintech hub of Asia.’’

During the visit, the delegation first visited the Accenture Fintech Innovation Hub to learn about the latest Fintech trends in the UK including the local developments in virtual banking. They also visited Dun and Bradstreet, Level 39, Innovate Finance, KPMG and other renowned banks and met with a cohort of Fintech innovators, to gain an understanding on topics such as the role of data in accelerating London to be a global open banking hub, acquiring new funding from venture capital (VC) and the London Fintech VC landscape, as well as an overview of advantages and concerns when it comes to running a business in London and how to build connections with local firms for future landing. They also joined a roundtable event to network with key London Fintech stakeholders like the Department for International Trade (DIT) to promote Fintech opportunities in Hong Kong.

Calvin Cheng, Founder and Chief Executive Officer of Wizpresso Limited, said, “We are very grateful for being invited to join the FS delegation to London. As a start-up, it’s quite challenging for us to go international, especially when it comes to a more mature financial capital like UK. This delegation provides precious opportunities to meet with accelerators, VCs, potential partners, law firms and more. We hope the bonds we’ve formed during the trip will help us in expanding our business into the UK market.”

William Lam, Chief Executive Officer of iFinGate Limited, said “The trip to UK is very valuable, allowing us to meet with renowned enterprises and UK government officials, and gain a better understanding about its sophisticated FinTech ecosystem and elements that are worth drawing on. We are glad to share that we’ve successfully connected with different industry stakeholders and have scheduled meetings for potential partnerships next week. This could prove to be crucial for our business development.”

As Hong Kong’s premier Fintech hub, Cyberport presented the potential and strength of Hong Kong’s Fintech market against the backdrop of the Greater Bay Area development to the UK financial industry. Cyberport also invited UK Fintech firms to use Hong Kong as the perfect springboard for expanding into China and Asia markets and shared about Cyberport’s role in the development of Fintech in Hong Kong.

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About Cyberport

Cyberport is an innovative digital community with over 1,400 start-ups and technology companies. It is managed by Hong Kong Cyberport Management Company Limited, which is wholly owned by the Hong Kong SAR Government. With a vision to be the hub for digital technology thereby creating a new economic driver for Hong Kong, Cyberport is committed to nurturing a vibrant tech ecosystem by cultivating talent, promoting entrepreneurship among youth, supporting start-ups on their growth journey, fostering industry development by promoting strategic collaboration with local and international partners, and integrating new and traditional economies by accelerating digital transformation in the public and private sectors. For more information, please visit www.cyberport.hk

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media@cyberport.hk

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Blockchain

MTrac 2020 – An Improved Platform to Increase Compliance

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SAN DIEGO, Jan. 24, 2020 (GLOBE NEWSWIRE) — Global Payout Inc. (OTCPink:GOHE) (“Global” or the “Company”) and its wholly owned subsidiary MTrac Tech Corporation (“MTrac”) are pleased to announce that the beta phase of the system improvements to MTrac 2020 has been completed. The platform was augmented to accommodate the growing demands of the regulatory agencies that oversee the financial industry. The MTrac team plans to have all existing clients converted to the new system within 60 days and new clients to be boarded starting February 1st, 2020. MTrac is proud to maintain its front-runner position as a fully compliant, closed-loop payment service company.

The new platform will include a seamless wallet load feature with QR functionality for redemption. That is, a customer can come to a terminal, type in their phone number and quickly add funds to their wallet without having to go through a multi-step process. The user then gets a print out of a receipt that doubles as their redemption coupon for redeeming their wallet funds in exchange for product. With these updated compliance features, MTrac 2020 will allow more banks to join its network, which benefits MTrac clients by allowing them to use a wider variety of card types to load their wallet.

MTrac will continue to innovate and adapt its program to meet the demands of the market while assuring compliance with regulatory agencies and delivering a scalable solution to its clients.

About Global Payout, Inc. (OTC Pink:GOHE)

Since the Company’s inception in 2009, Global Payout, Inc. has been a leading provider of comprehensive and customized prepaid payment solutions. From 2014 to 2017 Global focused on identifying new state of the art technologies in a variety of industry sectors and successfully helped launch MoneyTrac Technology Inc. and other companies within the FinTech space. In 2018, Global completed a reverse triangular merger with MoneyTrac Technology Inc. resulting in Global retaining the wholly owned subsidiary, MTrac Tech Corporation. Global’s current focus is continuing to identify new business opportunities while it reorganizes its future business endeavors. 

About MTrac Tech Corp.

MTrac Tech Corporation, a Nevada Corporation, is a privately held, wholly owned subsidiary of Global Payout, Inc. MTrac is a software technology, sales and marketing, and business development company focused on “high risk” and “high cost” industries. The Company’s flagship product is the MTrac payment platform offering a full-service solution with technology offerings including Payment Platform, Blockchain, Compliance, POS, E-Wallet, Mobile Application and Digital Payment Solutions. We are one network disrupting the status quo. It is MTrac’s creative vision through the use of its innovative technology solution to become the premier service provider offering the “Key to Cashless®.”

Forward-Looking Statements Disclaimer:

This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. In some cases, you can identify forward-looking statements by the following words: “anticipate,” “believe,” “continue,” “could,” “estimate,” “expect,” “intend,” “may,” “ongoing,” “plan,” “potential,” “predict,” “project,” “should,” “will,” “would,” or the negative of these terms or other comparable terminology, although not all forward-looking statements contain these words. Forward-looking statements are not a guarantee of future performance or results and will not necessarily be accurate indications of the times at, or by, which such performance or results will be achieved. Forward-looking statements are based on information available at the time the statements are made and involve known and unknown risks, uncertainty and other factors that may cause our results, levels of activity, performance or achievements to be materially different from the information expressed or implied by the forward-looking statements in this press release. This press release should be considered in light of all filings of the Company that are disclosed on the OTC Markets.com website.

Media Contacts:

Global Payout, Inc.
www.globalpayout.com
(702) 790-2511 Ext. 101
Ir@globalpayout.com

MTrac Tech Corp. 
www.Mtractech.com 
(702) 790-2511 Ext. 101
ir@mtractechcorp.com

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Blockchain

2020 Crypto World Summit “The Future of Security Tokens” to Address Latest Blockchain Developments with Leading Industry Experts

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New York, NY, Jan. 23, 2020 (GLOBE NEWSWIRE) — (via Blockchain Wire) Leading experts in the digital money sector will gather at the Crypto World Summit in New York on February 20, 2020 to discuss the latest developments in security token offerings and digital assets, amongst other rising blockchain and alternative financing topics.

The most current SEC laws, rules, regulations, and compliance will be addressed at this 4th International Conference and Workshop streamed live on Fintech World Media.

This premier event features speakers and attendees from a wide range of sectors, attracting a who’s who of the industry.  Other top discussions include: The Future of Bitcoin, The Digital Banking Industry, Blockchain and Real Estate, The ETF Cryptocurrency Market, DAO, Ethereum Investment, and Cannabis Banking Solutions. 

Additionally, a special workshop will give participants a step-by-step walkthrough for creating a security token and running a security token offering (STO).

Crypto World Summit will also offer private VIP networking opportunities. For speaking, sponsorship, tickets, and group discounts contact 2020Fintech at +1 (888) 580-6610 or www.2020fintech.com

Blockchain Wire is the official wire service for Crypto World Summit. Receive 40% discount. Enter promo code “blockchainwire” Register here.

Contact:
2020Fintech
+1 (415) 879-1500
info@2020fintech.com
2020Fintech.com

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Blockchain

BitPay Taps Simplex to Make BitPay App an All-In-One Solution

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Atlanta, Jan. 23, 2020 (GLOBE NEWSWIRE) — BitPay, the world’s largest provider of Bitcoin and cryptocurrency payment services, today announced a partnership with Simplex, the best-in-class processor of fiat-to-crypto transactions, that gives BitPay app users the ability to buy Bitcoin and other supported cryptocurrencies directly in app with a credit card. Users can now buy cryptocurrency, transfer funds, make purchases, buy gift cards and pay friends around the world all from a single app.   

With the addition of Simplex’s credit card purchasing, BitPay aims to improve the overall user experience of the BitPay app. By eliminating the need to navigate a cryptocurrency exchange to fund payments, the company anticipates increased value to users, especially for new users unfamiliar with the space.

BitPay CEO and Co-Founder Stephen Pair said, “Cryptocurrency exchanges can be intimidating for new users. The Simplex integration, however, makes the blockchain payment experience seamless.” Pair added, “Whether converting fiat to crypto to make crypto payments, or converting crypto to fiat to pay with the BitPay card, the BitPay app is an all-in-one solution.”

“A real breakthrough in usability can only be achieved when the leading crypto payment app meets the leader in fiat infrastructure for crypto. We are proud to launch this partnership with BitPay and will work together to add more innovative solutions in the future,” added Nimrod Lehavi, Simplex founder and CEO.  

Simplex, an EU licensed fintech company, is the industry choice for providing fraud-free cryptocurrency purchases via credit card. They list among their many clients industry leaders such as Binance, Bithumb, Xapo and Changelly. Their processing services eliminate fraud and ensure regulatory compliance, in part, by using AI technology to analyze each transaction with proprietary machine-learning algorithms. The Tel Aviv-based company was founded in 2014.

About BitPay

Founded in 2011, BitPay pioneered blockchain payment processing with the mission of transforming how businesses and people send, receive, and store money. Its business solutions eliminate transaction fraud, reduce the cost of payment processing, and enable borderless payments in cryptocurrency and fiat, among other services. BitPay offers consumers a complete digital asset management solution that includes the BitPay Wallet and BitPay Prepaid Visa® Card, enabling them to turn digital assets into dollars for spending at tens of thousands of businesses. The company has offices in North America, Europe, and South America and has raised more than $70 million in funding from leading investment firms including Founders Fund, Index Ventures, Virgin Group, and Aquiline Technology Growth. For more information visit bitpay.com.

The BitPay Visa® Prepaid Card is issued by Metropolitan Commercial Bank, member FDIC, pursuant to a license from Visa, U.S.A. Inc. “Metropolitan” and “Metropolitan Commercial Bank” are registered trademarks of Metropolitan Commercial Bank © 2014. Use of the Card is subject to the terms and conditions of the applicable Cardholder Agreement and fee schedule if any.

Jan Jahosky
BitPay
407-331-4699
jan@bitpay.com Dan Edelstein
Simplex
+972-545-464-238
pr@marketacross.com

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