THELOGICALINDIAN - SinglePoint and First Bitcoin Capital accomplice up to break acquittal problems in the acknowledged marijuana industry by absolution a point of auction app
One of the bottom accurate affidavit for the acceleration of Bitcoin’s amount is the role it plays in the acknowledged marijuana industry in the United States. The botheration is that US bounded and federal law are at loggerheads over the amends of the money aloft from the affairs of acknowledged cannabis products.
While the breakable may be acknowledged in 29 states, it still charcoal actionable beneath federal law. This creates issues for point of auction and additionally area to drop profits. This has provided a role for Bitcoin as an agent and as a abeyant abundance of value, with the acknowledged cannabis industry accepting sales of $8 billion in 2024 you accept to admiration area this money is actuality stored and area it is actuality invested.
There is now amazing drive and appeal for bitcoin accepting as an another anatomy of payment. In a news release this accomplished Tuesday, SinglePoint CEO Greg Lambrecht stated:
SinglePoint brings their ability in administration while First Bitcoin Capital provides their ability and acquaintance with Bitcoin and blockchain technology. The ally plan to administer their alms as a downloadable appliance for point-of-sale machines. Hopefully, the companies will accommodate a almost abrupt band-aid to Bitcoins transaction speeds.
The alms would attempt with added pot payment innovations such as cashless ATMs and committed prepaid cards.
Bitcoinist has followed the use of Bitcoin in the cannabis industry back it became acknowledged to buy cannabis in Washington, how Bitcoin is aloof ‘too slow‘ for affairs and an examination of how Bitcoin mixes with cannabis industry.
Will Bitcoin accommodate a bigger band-aid for the acquirement of Cannabis articles in the US? Let us apperceive in the comments below.
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