MARIJUANA GROWERS TURN TO BITCOIN
Marijuana organizations within the United States need to function using huge quantities of money, as they haven’t potential to get admission to bank accounts, accept credit cards, or write checks. That’s a logistical headache and steady protection risk, at least this is their complain. Now, they turn to bitcoin for salvation. Marijuana is legal for both leisure and medical use in California, Oregon, Washington, Nevada, Colorado, Massachusetts, Maine, Alaska and the District of Columbia. The sale of pot is accepted in twenty extra states for medical purposes.
The information from economic offerings company Cowen & Co showed legal marijuana was a six billion dollars business remaining 12 months, and is anticipated to develop to fifty billion dollars to the end of 2026. Some new financial technology startups, including POSaBIT and SinglePoint, use bitcoin as an intermediate step that lets pot consumers use their financial institution-issued credit cards to buy weed.
Read more here: http://bit-news.com/marijuana-growers-turn-to-bitcoin/
I don't use Marijuana but more power to these guns for being creative. Voluntary business exchanges shouldn't be cut off... if they can cut off Marijuana. .. who is to stop them from cutting off people with different political views... or different races ... or beliefs? This is why we must push hard for crypto to dominate against the push for central cashless bankster economies.
I think that's genius that they would use bitcoin, just makes sense for all the obvious reasons :)
Cheech and Chong would be so proud!