Would Bitcoin Help the Cannabis Industry?
I receive the question all the time: can Bitcoin bring something to the table when it comes to cannabis transactions? While many technologists claim this is a very real possibility, the current answer to this is a very strong ‘no.’ This might change in coming months and years, but, for now, that’s the verdict in my opinion, and here’s why.
Bitcoin would be the cannabis industry’s only crypto-currency solution at present. None of the other systems are tested enough to convince a business owner of any enterprise level organization to try a radical new experimental currency, private ledger or public blockchain. For them, the crypto-currency industry is in part defined by the Silk Road online darknet drug marketplace saga. Or, it’s just simply not the same value-proposition that is access to the Swift system. The Coinbase Shift Payments card, for instance, ensures its users it cannot let you use their card...
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