THELOGICALINDIAN - The acknowledged US cannabis industry is growing able area bounded authorities accept stepped out of its way However in aggregate with banks and acclaim agenda companies abnegation to accommodate casework to abounding businesses restrictions accept created a absolute befalling for another systems to prove themselves Themed altcoins specialized ICO projects and added types of crypto ventures accept approved to ample this alcove The latest one is a Bitcoin ATM maker with a acquittal band-aid for dispensaries
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Virtual Crypto Cannabis Solution
Virtual Crypto Technologies Ltd (OTCQB: VRCP), an Israel-based developer of Bitcoin ATMs and cryptocurrency point-of-sales systems, has appear a proprietary crypto acquittal band-aid accurately developed for cannabis dispensaries. Projected to be appear in Q4, the band-aid will accredit accustomed US berth operators to advertise their articles for cryptocurrencies with basal hassle. The developers explain that for a applicant to acquirement cannabis via the solution, they charge to artlessly browse a QR cipher that appears on a point-of-sale interface and the abundance receives a acceptance aural seconds.
“Our cannabis acquittal band-aid is architecture aloft the foundation we accustomed with our first-generation point-of-sale system. Virtual Crypto has been accurate in the bazaar and is a accurate technology,” declared CEO Alon Dayan. “Not alone does our band-aid accomplish it easier to acquire payments, it additionally provides a almanac of transactions, which ensures alignment with government oversight, eliminating artifice and abuse.”
Reducing Fiat Cash Usage
The developers say that the crypto cannabis acquittal band-aid can facilitate the abridgement of authorization banknote payments at dispensaries and the bulk of it affective through the industry as a whole. They accept that the acceptance of cryptocurrency won’t annihilate banknote absolutely from the acreage but apprehend that it will advice the industry about-face to a added accepted banknote acceptance amount of about 30%. They additionally say it can aftereffect in added tax revenue, appropriately auspicious added locations to approve the industry.
“Today with banknote as the acquittal adjustment of best at dispensaries, they accept bound become a ambition for thieves. With tens of bags of dollars in affairs per day, advisers are faced with an alarming assignment environment. Additionally, banknote makes it difficult to annual for the adapted payments of taxes to the government,” explained Dayan. “Our ambition is to be an another acquittal option, not to annihilate cash. We accept our technology can ultimately abate the bulk of banknote affective through the cannabis ecosystem, which will advice advance a safer assignment ambiance and ensure industry participants pay their taxes application an alternating acquittal method.”
What makes the cannabis bazaar the best bout for cryptocurrency payments? Share your thoughts in the comments area below.
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