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Medical Cannabis Payment Solutions (OTCMKTS:REFG) Accepts Bitcoin

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Medical Cannabis Payment Solutions (OTCMKTS:REFG) announced recently that it will soon consider processing payments in Bitcoin. The progress is due to the upgrade of the current version of the merchant app, which is at the moment available to the state-licensed cannabis establishments.

According to Jeremy Roberts, CEO of Medical Cannabis Payment Solutions (MCPS), the traditional banking systems are adamant in enabling the state-sanctioned cannabis to access their payment systems. The firm has continuously received feedbacks from concerned clients that signifies that the opportunity is larger than just offering the cashless electronic payments via US currency.

MCPS is basically created to resolve the major challenges in the state-sanctioned cannabis, that is, banking and cashless payments. The firm has its own payment processing technology known as The Green accessible via various cannabis locations across the country.

The Green provides clients with a cutting-edge payment solution that enables customers to purchase their marijuana products using the US currency and will soon accept Bitcoin and other cryptocurrencies.

Sean Hullinger, the Chief Legal Officer at MCPS disclosed that the payment system will provide a distinctive Bitcoin payment option that allows consumers to safely and easily use the cryptocurrency to pay for their orders.

The cannabis store will now accept not only the electronic payments in USD, but also the digital currency such as Bitcoin. The company is working diligently to have a Bitcoin-acceptable system for all transactions across the region and beyond.

The company’s competitive advantage lies in its secure system, regulatory compliance and affordable prices for its clientele. The ability to have built-in Bitcoin system would make the company much more attractive to the already established marijuana facilities and its clients.

Most companies are slowly adopting the cryptocurrency payments especially since the bitcoin currency recently escalated to the highest levels. Traditional financial institutions are also pressured to integrate blockchain technology into their payment systems as a secure option in the digital transactions.

DISCLOSURE: The views and opinions expressed in this article are those of the authors, and do not represent the views of MMJReporter.com. Readers should not consider statements made by the author as formal recommendations and should consult their financial advisor before making any investment decisions. To read our full disclosure

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