Wholly Hemp - A Small Business Growing and Giving With Bitcoin
Any time a business throws their hat into the ring and chooses to accept Bitcoin: it is cause to celebrate. Wholly Hemp is one of the first online merchants to embrace Bitcoin on the Bitcoin subreddit. The more merchants who accept Bitcoin as a payment method, to closer it moves to mainstream viability and, in this author's opinion, the more stable - and sustainable - it will become. When the company that Robert Lestak worked for filed for bankruptcy in 2010, he and over 100 other employees were let go. Faced with unemployment but brimming with idealism, the then 18-year old was faced with....
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Despite this positive note, there is still a huge lack of understanding where Bitcoin is concerned. The correlation between Bitcoin and the hemp industry has been mentioned a fair few times in the past. But things are evolving in a very different direction compared to what people assumed at first. Various hemp farmers located in Colorado are suffering from issues with their banking partners. Bitcoin is offering them a way to continue their operations at a fraction of the costs. Growing and selling hemp is not illegal in Colorado. This creates new and exciting business opportunities for....
A pair of hemp entrepreneurs recently launched a bitcoin education resource called 1620 Solutions to educate farmers about bitcoin’s advantages as a payment tool, according to Motherboard. Colorado entrepreneur Veronica Caprio got into the hemp business to avoid legal problems associated with marijuana. Hemp is not as strictly regulated as marijuana in the state. Nonetheless, PayPal eventually informed Caprio they were shutting her account and freezing her funds for six months. Banks And Card Companies No Help. Caprio had previously learned that banks and credit card companies want nothing....
The US House of Representatives committee on small business held a hearing on 2nd April to discuss the growing use of bitcoin by the country's small business owners (SMBs), and the pros and cons that using this technology as a payment option offers the demographic. Entitled 'Bitcoin: Examining the Benefits and Risks for Small Business', a panel of experts spoke about the benefits and costs of the use of bitcoin by SMBs, while also touching on hot topics like Silk Road and the recent IRS decision on the tax treatment of digital currencies. Committee Chairman Sam Graves noted in his opening....
1620 Solutions, an initiative by Veronica Carpio and Edgar Hemm in Colorado educates hemp and Cannabis farmers about Bitcoin and its advantages. Marijuana and other Cannabis based products may be legal in some states in the United States, but doing a Cannabis related business is not an easy task for many people. Even though the US Justice Department has clearly mentioned that it has no issues with financial institutions serving those involved in the newly legalized industry sector, the banks and payments platforms prefer to have it their own way. With many Cannabis producers having their....
2015 is coming to a close, and you should have a plan for growing your Bitcoin business in 2016. Many people think that 2016 will be a huge year for Bitcoin, so this could be the best time to get your foot in the door of one of the fastest growing industries in the world. Bitcoinist wants to help your business achieve that growth, so we are having a New Year’s sale on our banner ads. Bitcoinist.net is a leading news website in the Bitcoin industry, and we are steadily growing. Therefore, purchasing a banner ad with us could be a great way to get your new or growing companies some exposure....