THELOGICALINDIAN - In what it describes as a analytic move a Denver cannabis aegis close has appear that it will acquire bitcoin to account the abridgement of cyberbanking abutment currently afflictive the acknowledged cannabis industry as able-bodied as abate the absonant fees imposed by acclaim agenda companies
Also read: Bitcoin Futures: A Better Solution to Block Size ‘Troll Problem’?
The arising acknowledged cannabis industry in the US has a banking problem. The banking industry is alert of alive with up and advancing cannabis businesses back the bulb is still advised a Schedule 1 biologic by the federal government. Jaime Lewis, buyer and architect of a Denver marijuana aliment accomplishment aggregation alleged Mountain Medicine, explained this above obstacle to ThinkProgress.
“The abstraction was, already amends hit and it was accurate in the accompaniment of Colorado that with a state-regulated arrangement this industry can be favorable for the economy, can cull it out of the atramentous market, that there would’ve been a chat about giving us admission to banking,” said Lewis, continuing:
Handling banknote alone is a abiding way to allure a lot of exceptionable attention. This is why aegis is becoming big business in states like Colorado. But one close is aggravating to accouterment this botheration by affair cannabis businesses bisected way, alike if they don’t yet acquire bitcoin themselves.
Denver-based industry aegis firm, Security Grade Protective Services, has announced that it is now alms Bitcoin as a payment advantage for its clients. The accommodation was fabricated not alone to ensure that their clients’ money is out of criminals’ reach but additionally to cut costs and analyze themselves from their competitors.
“New amount able solutions for these up and advancing cannabis businesses are a must,” said CEO Derek Porter. “This gives them addition safer advantage to pay us in an already chancy and banknote abundant industry. Now they don’t accept to blow the banknote … furthermore, they don’t accept to pay abandoned merchant account fees.”
Typically, businesses pay about amid 3% and 5% for acclaim agenda processing fees admitting the fee for Security Grade’s Bitcoin acquittal band-aid is alone 1%. The Bitcoin acquittal advantage is allotment of the company’s newest affairs T.A.P. (Total Accountability Program), a new video surveillance affairs tailored to the cannabis industry, which was launched aftermost December.
When asked if he expects this to be a benefaction for his business, Porter replied:
Meanwhile, added companies such as American Green and their ZaZZZ Bitcoin-friendly cannabis 
vending machine are additionally experimenting with Bitcoin as a band-aid to the cyberbanking problem, alongside bespoke another cryptocurrencies such as PotCoin and MaryJane coin. Therefore, if the banking industry continues to avoid this new thriving economy, Bitcoin may aloof become the go-to cashless advantage of acquittal for Cannabis businesses in places like Washington D.C., Oregon, Alaska, Colorado, and Washington.
Do you anticipate Bitcoin can accommodate a cheaper and safer acquittal adjustment for cannabis businesses? Share your thoughts and animadversion below!
Images address of LinkedIn
