Will GLOBAL PAYOUT INC (OTCMKTS:GOHE) Run Out of Steam Soon? Short Interest is Up

It offers financial technology, which includes an e-wallet and mobile app that allows users to access financial information. It currently has negative …

Global Payout, Inc. (OTCMKTS:GOHE) Logo

The stock of GLOBAL PAYOUT INC (OTCMKTS:GOHE) registered an increase of 0.59% in short interest. GOHE’s total short interest was 12.27M shares in August as published by FINRA. Its up 0.59% from 12.20 million shares, reported previously. With 8.07M shares average volume, it will take short sellers 2 days to cover their GOHE’s short positions.

The stock decreased 7.69% or $0.025 during the last trading session, reaching $0.3. About 207,905 shares traded or 332.53% up from the average. Global Payout, Inc. (OTCMKTS:GOHE) has 0.00% since August 25, 2018 and is . It has by 0.00% the S&P500.

MoneyTrac Technology, Inc., through its subsidiary, provides electronic wallet and e-banking financial solutions for the marijuana industry. The company has market cap of $472.16 million. It offers financial technology, which includes an e-wallet and mobile app that allows users to access financial information. It currently has negative earnings. The firm also provides white labeling services; mobile platform to manage financial transactions; and solutions for accessing account information, making payments, and online bill pay activities.

More news for Global Payout, Inc. (OTCMKTS:GOHE) were recently published by: Seekingalpha.com, which released: “Marijuana Company of America provides update on its investment in Moneytrac Technology – Seeking Alpha” on August 29, 2018. Prnewswire.com‘s article titled: “Pot Stocks Gearing Up for Strong 2018 as Cannabis CBD Frenzy Intensifies – PR Newswire” and published on December 12, 2017 is yet another important article.

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Crypto Wallet ZenGo Now Supports Facebook’s Libra Testnet

On Aug. 18, the developers of ZenGo, a non-custodial keyless cryptocurrency wallet solution, announced that their app now supports Facebook’s Libra …

On Aug. 18, the developers of ZenGo, a non-custodial keyless cryptocurrency wallet solution, announced that their app now supports Facebook’s Libra testnet.

Experimenting with Libra

According to the announcement, now users “can send and receive Facebook’s new cryptocurrency, Libra, just like any other cryptocurrency in ZenGo.” The developers also noted that the “testnet funds don’t hold any real value and are only for testing purposes.” The post explains:

“If you would like to experiment with Libra, you can turn on Libra testnet from the Account tab in the wallet. Once you turn on the feature, make sure your wallet is backed up, and we’ll send you your first Libra. Facebook is developing its own wallet Calibra, but it’s not publicly available yet. When it does become available it will be a custodial wallet, meaning that Facebook will have full control over the funds stored in it. But that will not be the only option. That’s why we’re offering Libra in ZenGo a non-custodial that people will have the option to choose.”

Still in the testing phase

The team at ZenGo also warned that Libra’s testnet is still in the experimental phase. Therefore, it could be periodically reset for maintenance and upgrades, at which point “all the data on the network gets reset along with all transaction history and balances.”

Currently, ZenGo app is only available on the iOS platform. The wallet also allows users to buy Bitcoin, Ethereum and Binance Coin with their credit cards or Apple Pay.

As Cointelegraph previously reported, ZenGo wallet aims to eliminate the need for storing private keys by using a key-like solution that is distributed among multiple parties, rather than existing as one string of characters.

At the same time, David Marcus, the head of Calibra at Facebook, emphasized that Libra users will not have to put their trust in Facebook.

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Facebook’s Calibra cryptocurrency wallet already has competition

On Sunday, Israeli developer ZenGo said a cryptocurrency wallet it rolled out earlier this year will begin supporting Libra. Since Facebook and its 27 …
Facebook Libra Virtual Currency

Facebook plans to launch a new cryptocurrency called Libra in the first half of 2020.

Thomas Trutschel/Getty Images

Facebook doesn’t plan to launch its new Libra cryptocurrency and a complementary digital wallet until 2020. But that hasn’t stopped some startups from throwing their hats in the ring early.

On Sunday, Israeli developer ZenGo said a cryptocurrency wallet it rolled out earlier this year will begin supporting Libra. Since Facebook and its 27 partners haven’t launched the cryptocurrency, ZenGo is letting users store a test version. The test Libra funds, unlike the version that’s coming, don’t have any real monetary value.

libralibra

ZenGo is letting users experiment with a test version of a new cryptocurrency, called Libra, that’s expected to launch in 2020.

ZenGo

“Getting to know it early might spark some new ideas and give you a head start for when Libra becomes truly operational,” ZenGo said in a blog post. You can experiment with Libra by going to your account tab in the ZenGo app, which is currently available for iPhone users. The wallet also lets you buy Bitcoin, Ethereum and Binance Coin with your credit card or Apple Pay.

Since Facebook announced Libra, the company has faced pushback from US lawmakers who are concerned that the cryptocurrency will be abused by criminals and negatively impact the US dollar. Facebook’s blockchain boss, David Marcus, said in a congressional hearing last month that the social network wouldn’t launch Libra until the company has addressed all concerns, but he stopped short of agreeing to a moratorium.

Facebook took the wraps off Libra in June. Unlike many other cryptocurrencies, Libra will be pegged to a basket of assets that anchor its value, so that value won’t swing wildly. The Libra Association that’ll manage the currency hasn’t said what those assets will be, but it suggested they’d include major global currencies, like the dollar and the euro. The proposed crypto has been met with a chilly response from regulators and politicians around the world.

ZenGo will compete with a digital wallet called Calibra that Facebook plans to introduce in 2020. The social network, though, has the advantage of already having 2.4 billion monthly active users. You’ll be able to download the Calibra app onto your iPhone or Android device, or add the wallet into the messaging apps Messenger or WhatsApp once it’s released. The Calibra wallet will also work with other wallets that accept Libra. Users need to verify their identity by uploading an ID such as a driver’s license.

ZenGo, which plans to release an app for Android phones, said that users can create their digital wallet by downloading the app and providing their email. You also don’t need a private key, and ZenGo users scan their face to backup their wallet. ZenGo said it’s a “noncustodial” wallet for Libra, which means you have full control over your funds instead of having to rely on a third-party.

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New cryptocurrency wallet from COSS prepares for full release

COSS.io, the Singapore cryptocurrency exchange company, which recently completed the acquisition of Arax Wallet, is now readying for the full …

COSS.io, the Singapore cryptocurrency exchange company, which recently completed the acquisition of Arax Wallet, is now readying for the full release of the new COSS Wallet, which merges the technology of COSS and Arax, along with contributions from the community.

The wallet, available on Android and iOS, now out of beta status, will present new and constant UI and interface changes, bug fixes have also been completed.

The wallet features an address book, that enables a user to send crypto to saved contacts. Users just have to input the receivers COSS ID once, and then can send them crypto by selecting them from the in-app address book.

The wallet also includes a COSS Star Rating feature. Users complete their profile to get more COSS Stars. The Star rating of the COSS wallet determines eligibility to access various wallet services. Completing each star rating gives reward points, which can be used for mobile top-ups, exchanged for COS tokens, and more.

“Today, we are thrilled to announce that COSS Wallet has officially left beta. We are honored to continue working on building and improving the app for the best user experience possible. We look forward to seeing you in the new COSS wallet app.”

– The COSS Team

COSS Wallet

COSS Wallet is a crypto wallet which allows users to keep their digital assets secure under a single app and web-based account. The wallet works on blockchain infrastructure to keep your digital assets on a public network, letting users manage, track and use your valuable assets from a single solution. COSS Wallet supports fourteen different blockchain networks and twenty-one ERC 20 based tokens. To provide users the utility of the native COS token, COSS Wallet offers multiple services like money transfer, mobile top-ups, and utility bill payments.

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Onfido Will Verify Users of the Civic Wallet

Civic launched through an initial coin offering (ICO) in 2017 with the aim of putting identity data back into the hands of the holder and in doing so …

Identity and verification providers Onfido are partnering with blockchain identity and wallet specialists Civic to streamline the sign-up process for new users in preparation for the roll-out of the next generation digital wallet this autumn.

Civic and Onfido Partner to Make AI-Powered Identity Verification More Accessible for the Civic Wallet https://t.co/c06bhyVCQL

— Civic (@civickey) August 8, 2019

Onfido will handle the verification element to confirm a wallet users identity by utilising AI-powered technology to assess whether the supplied photo of any government-issued identity document is authentic. At the same time, the document and the users facial biometrics will be compared for an extra layer of security. Civic’s blockchain-based secures any underlying data but, with the wallet-holders permission, can allow multiple parties to use the personable identifiable information to confirm the users identity.

Rapid Growth

Founded in 2012 by 3 former students at Oxford University on a seed grant of just £200,000 from the University’s Saïd Business School, Onfido went onto to raise $4.5 million from a Series A funding round in 2015 and were joined by former Google director Ed Ungar as their Chief Commercial Officer. By 2016, the company had completed around ten million background checks.

In April this year, Onfido confirmed total investments in their company now exceeded $100 million and this funding had positioned them to engage with an expanding personal identification market that is estimated by McKinsey to be worth in the region of $20 billion by 2022.

Civic launched through an initial coin offering (ICO) in 2017 with the aim of putting identity data back into the hands of the holder and in doing so providing a valuable tool in stemming the daily tide of data breaches that continue to outpour from corporate and government institutions alike.

Speaking of the collaboration between the two companies, Civic CEO Vinny Lingham said Onfido “…share our vision of providing everyone with digital identity they may own and control” and Lingham, perhaps with a view of providing a stress-free customer experience in mind, has seen “…first hand how their AI verification technology delivered higher pass rates without compromising on fraud protection.”

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