Cannabis Security Firm Goes Bitcoin to Solve Industry’s Banking Problem
In what it describes as a “logical move,” a Denver cannabis security firm has announced that it will accept bitcoin to offset the lack of banking support currently plaguing the legal cannabis industry, as well as reduce the exorbitant fees imposed by credit card companies. The emerging legal cannabis industry in the US has a banking problem. The....
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Potcoin is helping legal cannabis sales to have a simplified method of transaction. With many places in the world having legal cannabis sales, including some states in the USA legalizing cannabis, PotCoin has a nice growing merchant-base for accepting Potcoins for payment. Potcoin Review. Market Cap: $812,348. Maximum coins issued: 420M POT. Hash algorithm: Scrypt. PoW or PoS: PoW. Is it able to be mined: Yes. Exchanges: Cryptsy, SwissCEX, HashFlo, BitTrex, MintPal. Block explorer: PotChain. Launch date: January 21st, 2014. What is the coin's purpose? The newly legalized Marijuana industry....
Bitcoin-accepting Trees, a former medical cannabis dispensary that made headlines with its vision to deliver dank buds via drone, has pivoted towards becoming a marketplace in conjunction with building a payment processor. Its emphasis is on allowing cannabis businesses to become their own banks through blockchain technology. Trees: Alternative Medicine....
It is no secret that the medical marijuana industry in the United States faces an uphill struggle, indeed our readers will remember that we covered the issue in detail recently and discussed how dependence on cash is putting both medical marijuana businesses as well as consumers at a great deal of risk. It is interesting to note that there have been developments in this field and there is now a payments solution at hand for regulated medical marijuana businesses as well as customers. CanPay has recently announced a solution for the legal marijuana industry that has become available to....
A Seattle Bitcoin merchant is seeking to move the local cannabis scene forward from cash-only payments by using the virtual currency instead. The aptly-named POSaBIT is currently installed at six outlets in the Washington State capital, with several others beyond. Customers use their credit or debit card to purchase Bitcoin, which is then used to pay for goods at the point of sale. “I saw an industry that was in dire need of a credit solution,” CEO and co-founder Ryan Hamlin, an ex-Microsoft executive, told local news resource Seattle Weekly. “I said, ‘Software has got to be able to solve....
CoinTelegraph spoke to MaryJanecoin developer, Gabriel Ballerini (aka, Jahvinci), to get an inside look at the new marijuana-backed altcoin, at its disruptive potential, and at the challenges facing the cannabis industry. Maryjanecoin is a cryptocurrency tailored for the cannabis economy. Each coin is backed by 1 gram of cannabis bubblehash concentrate product. It was created in response to the problem of banks being unwilling to work with the nascent industry that could facilitate transactions, wage payments and provide other opportunities for businesses in states where medicinal and....