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RE: How a Blockchain Startup Is Going to Free the Cannabis Industry from Banker Control
I never understood why cannabis businesses never started just taking cryptos directly from customers via tablets and smartphones? It's not exactly rocket science to setup a crypto wallet.
Because the middle part is easy. Its the ends that are impossible.
You have to pay suppliers and you have to pay employees/overhead.
I am sure, that in only a little while, all of those people will accept cryptos,
however, right now the stores need a way to convert a lot of cryptos to cash.
They could probably do some bang-up business with a bitcoin-ATM
Usdt conversion?
USDT is just another cyrpto currency.
Still needs to be converted to cash. And most businesses (suppliers) will start accepting bitcoin before they ever do USDT.
And, if that all it took, Bitshares was way ahead of them.
Absolutely, very well said. Personally i think this summer will be interesting to see how many move over to the crypto side in one form or another as credit dries up and fiat fails. Good vibes your way 👊
My biggest bet, (ray of hope) is that chinese companies will be more than joyous to accept bitcoin for chinese manufactured goods. And then, so much hassle for importing is removed. And, it can quickly go, end-to-end crypto transactions.
Exactly. It streamlines everything. Thats one of the biggest differences ive noticed with crypto versus traditional proceedures.
it's pretty hard to do when you are high
I talked to the dispensary I goto the other day, and they said that its because they arent allowed to use banks at all, and they need to buy their flower with cash, so they arent sure how they would be able to turn crypto into cash without a bank