NEW YORK, August 29, 2017 /PRNewswire/ --
According to data published by CoinDesk, the price of bitcoin is up 68% month-over-month. Also according to MarketWatch, the total value of all the digital-currencies, including those linked to the Bitcoin BTCUSD, Ethereum and Ripple blockchain networks have reached around $160 billion. Despite the initial negative reaction to crypto currencies since emerging a decade ago, their popularity have surged dramatically. CNN reports that availability of luxury items like jewelry, cars and even fine art, showed that Bitcoin is making waves in the luxury market and further validating the currency. Dr. Garrick Hileman, an economic historian at the University of Cambridge and the London School of Economics, stated according to CNN that many economists dismissed it as a flawed form of money; something that could never achieve the level of adoption that it has Today we estimate 5 to 10 million unique active users of cryptocurrencies, and in my opinion that's nothing short of a minor economic miracle. Global Payout, Inc. (OTC: GOHE), Bitcoin Services Inc. (OTC: BTSC), BTCS Inc. (OTC: BTCS), United American Healthcare Corporation (OTC: UAHC), Global Arena Holding Inc. (OTC: GAHC).
As for the potential future price of bitcoin, Ronnie Moas of Standpoint Research told CoinDesk, "I am not any more concerned with bitcoin being at a record high than Amazon or Google investors were concerned when those share prices jumped hundreds of percent and hit $100 and $200 many years ago. Today, both of those stocks are above $900. The question is not where we are at - it is where are we going? I do not think we are in a bubble."
Global Payout, Inc. (OTC: GOHE) announced yesterday 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."
Bitcoin Services Inc. (OTC: BTSC) announced on August 10th, that it launched a new corporate website http://www.bitcoinservicescorp.com. The company also announced their earnings on August 14, 2017. Bitcoin Services Inc began the mining of Dash in the 1st quarter of 17. Dash is Digital Cash You Can Spend Anywhere. Dash can be used to make instant, private payments online or in-store using their secure open-source platform hosted by thousands of users around the world. In addition, Bitcoin Services Inc. has created a new subsidiary Crypto Capital Corp (http://www.cryptocapitalcorp.com) that will develop a new Crypto currency wallet. The wallet will let users safely store multiple digital currencies in one wallet. Bitcoin Services Inc. would also like to congratulate all Bitcoin users for reaching a historic all-time high on August of 2017.
BTCS Inc. (OTCQB: BTCS) is an early entrant in the Digital Asset market and one of the first U.S. publicly traded companies to be involved with Digital Assets and blockchain technologies. Recently, the company announced that it signed a non-binding Letter of Intent to merge with Blockchain Global Limited, an Australian blockchain company, which will be subject to a number of conditions detailed at the end of this press release. Blockchain Global Limited operates four distinct business lines, an institutional exchange platform, transaction verification services, a blockchain start-up accelerator, and a blockchain technology consultancy.
United American Healthcare Corporation (OTC: UAHC), through its subsidiary, UAHC Ventures, LLC, pursues strategic investment opportunities in various growth industries. Recently, UAHC Ventures has announced it has partnered with MGT Capital Investments, Inc. by providing a $2 million investment to MGTI, the proceeds of which will be utilized by MGTI to further expand and develop its Bitcoin mining operations. In exchange for UAHC Ventures' $2 million investment, MGTI has issued UAHC Ventures both a Secured Convertible Promissory Note and a warrant to purchase shares of MGTI's common stock. UAHC Ventures is a newly formed subsidiary of UAHC, created to pursue strategic-investment opportunities in promising growth industries, such as blockchain technologies and digital currency.
Global Arena Holding Inc. (OTC: GAHC) is a holding and technology development company. The company focused on acquiring technologies, patents and companies having the ability to leverage the blockchain crypto technology. Recently, the company announced that after months of development and testing, the Company's subsidiary, Global Election Services, Inc. ("GES"), announce the implementation of new proprietary software and hardware to utilize in ballot scanning during the tabulation process. The software is advanced OMR/OCR/Barcode software featuring de-skewing, de-speckling and image correction. The computer hardware and software developed by GES over the past few months was designed to run without Internet or Wi-Fi access.
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