Cryptocurrency Potcoin Joins Forces with WeedMD to Start Allowing Digital Currency Payment for Marijuana Patients
In the last week the cryptocurrency, PotCoin, first announced their partnership with WeedMd in a press release. What is cryptocurrency? Cryptocurrency is a digital currency that’s integrated into a digital software database where individuals can buy and exchange transactions. It analyzes these exchanges through cryptography and ensures to control of additional units for each individual. Satoshi, the creator of bitcoin, says it more simply, “It’s basically a peer-to-peer network to prevent double-spending. It’s centralized with no authority.”
Today, we are here in the uprising trend of the cryptocurrency world which is why PotCoin and WeedMD are partnering up. This is the first ever partnership in dealing with cryptocurrency in the cannabis industry. It makes sense as the cannabis industry isn’t able to use credit cards, banks or anything electronic for finances except actual cash. This is where cryptocurrency comes into play. Those with digital PotCoin currencies are allowed benefits with WeedMD such as rewards, digital currency transactions, and exceptional service.
Overall if other cannabis businesses are having financial issues, this will surely light a fire in their minds to start looking into cryptocurrency as a financial benefit. After understanding how much a huge role cryptocurrency has within the cannabis industry, it’s potential for growth is increasing every day.
Source: The 420 Times
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