Orange Paper Bitcanna
A solution for businesses to operate without a bank account by using a new payment solution using blockchain
No Bank Account
Running a business requires a bank account, which can be especially difficult to obtain if the business is connected with the cannabis industry. BitCanna proposes a solution that allows businesses to operate without a bank account by using their payment solution called Cosmos Pay. This payment plugin enables shop owners to accept BitCanna as a means of payment, in addition to traditional fiat currencies, and it is easy to install and configure. Transactions are done peer-to-peer, which eliminates the need for a middleman, such as a bank. Furthermore, Cosmos Pay can be used for all online shops built on WooCommerce or Prestashop.
Check our Guide to Buy CBD oil online with Bitcanna : How to use Bitcanna to buy CBD Oil Online
additional features
For cannabis businesses, BitCanna offers additional features, such as track and trace for product traceability, and the launch of a BitCanna Buddheads NFT project, where NFT holders can receive rewards. BitCanna’s NFT project serves as a means to strengthen the community’s support for cannabis businesses : Proof of support. BitCanna is also developing a Digital ID feature for consumers to ensure that they are of legal age to purchase cannabis products.
Regulation
BitCanna aims to be compliant with regulations and to encourage the adoption of cryptocurrencies by providing a practical use case for people. This solution is particularly useful in countries where bank coverage is poor, and fees are high. BitCanna believes that peer-to-peer transactions are the key to success, and they strive to be a partner in the global acceptance of the cannabis industry, rather than an opponent.
Our Perspective
We believe Bitcanna is doing right when placing its confidence in the cannabis industry’s expansion over the next five years. The company has proactively developed a payment solution that is ready to be utilized when the industry takes off, positioning itself to be well-prepared and well-positioned to take advantage of market opportunities when they arise.
