You are here

Home 🌿 Marijuana Business News 🌿 Can Pot Coins Get You High Profits? 🌿

Can Pot Coins Get You High Profits?

Submitted by Marijuana News on Mon, 06/15/2015 - 08:00

Pot Coins Are Low Market Cap Altcoins Which May Appreciate Significantly

Pot Coins are designed to make legal and medical marijuana transactions easier for buyer and seller. They are digital currencies for the cannabis industry.

Why not just use bitcoin instead? Bitcoin is already accepted at many medical marijuana dispensaries. Banks and credit card processors are hesitant to give marijuana shops merchant accounts. Most dispensaries are forced to deal in cash or bitcoin.

There are problems with bitcoin also. Coinbase and BitPay have refused to accept cannabis dispensaries as customers. Their problem is that cannabis, while legal in many states, is still illegal at the US Federal level.

One bitcoin processor is attempting to change that. Danish based Coinify will convert bitcoin used to buy legal cannabis and convert to fiat. BitMD offers tablets and even a bitcoin ATM Both connect with Coinify and are gaining...

Rate this article: 

This marijuana news is brought to you by 420 Intel. For the latest breaking cannabis industry news, subscribe to the 420 Intel newsletter. If you'd like to promote your product or service in this area after every article, contact us.


URL: 
https://bitcoinnewsmagazine.com/can-pot-coins-get-you-high-profits/

420 Intel is Your Source for Marijuana News

420 Intel Canada is your leading news source for the Canadian cannabis industry. Get the latest updates on Canadian cannabis stocks and developments on how Canada continues to be a major player in the worldwide recreational and medical cannabis industry.

420 Intel Canada is the Canadian Industry news outlet that will keep you updated on how these Canadian developments in recreational and medical marijuana will impact the country and the world. Our commitment is to bring you the most important cannabis news stories from across Canada every day of the week.

Marijuana industry news is a constant endeavor with new developments each day. For marijuana news across the True North, 420 Intel Canada promises to bring you quality, Canadian, cannabis industry news.

You can get 420 Intel news delivered directly to your inbox by signing up for our daily marijuana news, ensuring you’re always kept up to date on the ever-changing cannabis industry. To stay even better informed about marijuana legalization news follow us on Twitter, Facebook and LinkedIn.