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Bitcoin [BTC] ATM maker ventures into cannabis industry, users hold high hopes

Akash Anand

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Bitcoin [BTC] ATM maker ventures into cannabis industry, users hold high hopes
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On Thursday, 6th September, Virtual Crypto Technologies Ltd, the company involved in creating Bitcoin ATMs, announced that they have developed a new cryptocurrency based payment solution for cannabis sales.

Alon Dayan, the CEO of Virtual Crypto stated that:

“Our cannabis payment solution is building upon the foundation we established with our first-generation point-of-sale system. Virtual Crypto has been validated in the market and is a proven technology. Not only does our solution make it easier to accept payments, it also provides a record of transactions, which ensures alignment with government oversight, eliminating fraud and abuse.”

The company has stated that their main goal is to provide an alternate source of payment to the people and not to replace fiat money. Apart from that, the organization informed their users that transactions are going to be safer and more seamless, with the added benefit of creating a safer work environment.



Virtual Crypto has revealed that the estimated time that the new payment solution will be available to the public is around the end of this year. The report released by the company shows that all users need to do is scan a QR code on the company application and the cannabis dispensary automatically receives the order. With companies like Virtual Crypto trying to enter the realm of recreational drugs, countries, and states are taking note of this shift and have started moving bills to make the drug legal.

This cultural and technological change was made evident a few weeks back when Mark Mason, the Dash international Outreach Coordinator had stated that Dash will be the PayPal of the legal cannabis industry. What made the speech even more significant was its venue, the United Kingdom Parliament. This kind of audience and appeal is what propels organizations like Virtual Crypto. Alon Dayan also stated that:

“Today with cash as the payment method of choice at dispensaries, they have quickly become a target for thieves. With tens of thousands of dollars in transactions per day, employees are faced with an unsafe work environment. Additionally, cash makes it difficult to account for the appropriate payments of taxes to the government.”





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Engineering graduate,crypto head and Arsenal fan. Is fascinated by technology and all its marvels. Strictly against pineapple on pizza.

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Bitcoin nirvana is happening right now, says Max Keiser

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Bitcoin nirvana is happening right now, says Max Keiser

Bitcoin’s price pump affected the altcoins’ valuation on an optimistic note. The digital coins recovered significantly this year after losing nearly 80% to 90% valuation since the market crash in the first quarter of 2018. As Bitcoin [BTC] continued to trade between $7,600 and $8,300, prominent analysts in the field speculated that the king coin could potentially spiral down a bit more. However, Max Keiser, a Wall Street veteran and host of the Keiser Report, who is also a noted Bitcoin bull is of the opinion that “crypto spring is here”.

The broadcaster, in the latest edition of the Keiser Report, stated,

“It’s just bleeding right into our lives we can hear the lawnmowers outside in there getting ready for crypto summer and then crypto fantasia crypto parallel dimension and the Bitcoin nirvana it’s all happening, it’s all happening, right now.”

Keiser also noted that the global economy was undergoing “deglobalization” which steemed out of uncertainty and volatility and added that there “was no way to hedge against that”.



Stacy Herbert, one of the most influential women in blockchain and a host alongside Keiser contributed to the discussion. She said at a time when deglobalization has hit the economy, one would certainly go along with Bitcoin. According to the broadcasters, trade wars between China and the USA was currently intensifying Herbert; While recalling history, they also took note that the empires started falling during the period of deglobalization which was eventually followed by the two world wars.

Keiser had previously remarked that “Bitcoin is hard money” very similar to gold, and added that it is going to “respond well to hyperinflation and hyper-money printing”.





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