Hemp Entrepreneurs View Bitcoin As A Payment Tool, Launch Educational Resource For Farmers
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....
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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....
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....
The backbone of our nation, farmers stand to benefit the most from sovereign money that cannot be diluted or degraded.
The growth and popularity of community inclusion cryptocurrencies in Kenya continues to soar with the country’s rural farmers being the latest group to embrace the financial technology. As one report reveals, some farmers in Kenya’s countryside are now accepting cryptocurrency as payment while others are using the same to buy important supplies. Use of Sarafu Cryptocurrency Helps Farmers Save Money According to a report from media outlet VOA, one of the reasons this alternative monetary system has become popular is because it allows users to preserve their fiat currency....
There is an interesting project currently taking place in Argentina. Nubis Bruno, an Argentinean web developer and entrepreneur, has found a way to help local organic farmers sell their products using Bitcoin. In Buenos Aires, organic farmers are struggling to sell their products. However, some farmers have found an alternative. With the help of Bitcoin, these farmers have succeeded in creating an online presence where they can sell their organic vegetables directly to customers with no fees or middlemen getting in the way. Santiago Zaz, a friend of Nubis Bruno, is a member of an organic....