Popular Smartphone Apps Are Adding Crypto Capabilities

Popular Smartphone Apps Are Adding Crypto Capabilities

News of Japan messaging giant Line’s September 17 launch of an app-connected crypto exchange is captivating lots of attention in the crypto and tech industries this week. Other initially non-crypto apps are also entering the market, adding native tokens, tipping functions and cryptocurrency wallets, illustrating a growing trend toward mainstream crypto and awareness.

Also Read: Taxation Isn’t Just Theft – It’s Bad for Crypto Adoption

Naver’s Line Launches Built-In Crypto Exchange

For almost anyone living in Japan, or Asia in general, popular messaging app Line is a household name. Line was launched in Japan in 2011 by Korean search engine company Naver Corporation, in the wake of the Tohoku earthquake and tsunami. The tech was a byproduct of improvised communications during telecommunications infrastructure damage resulting from the disaster.

Popular Smartphone Apps Are Adding Crypto Capabilities
The Bitmap exchange can be accessed directly through the Line app.

Line’s freeware app began as a rather simple service, but exploded in popularity soon after, evolving from a simple SMS for sending cute stickers and chatting, to a digital wallet, video on-demand, digital comics and games juggernaut in the Asian market and beyond. Just this month, the expansive trend has taken new ground with the launch of Bitmax, an app-connected cryptocurrency exchange featuring five digital assets: BCH, BTC, ETH, XRP, and LTC. Line is also in development of its own native crypto token, called Link (LN), currently exchangeable for Line points. to the Link website:

LINE Token Economy is centered around a single token, our general-purpose coin LINK … A single-token economy can make the overall ecosystem more dynamic and stable, and because dApps contribute to the economy, they can grow with it.

Telegram Is Getting Tokenized

Though still cloaked in relative mystery, chat app Telegram’s upcoming Ton network (Telegram Open Network) and native token gram are nevertheless causing a buzz in the cryptosphere. The source code has already been released and testing of the network began in April. Slated for an October 31 launch, the 200 million+ monthly active users of the platform are looking forward to seeing the company put the $1.7 billion it raised via a 2018 token sale to full use. The network is set to operate utilizing a proof of stake (PoS) system, and with the rising popularity of the app in private communications and business applications / team-building functions as well, big waves will likely be made should Telegram deliver.

Tipping bots for BCH and SLP tokens have been added to Telegram as well, making the platform that much more compatible with crypto culture.

Popular Smartphone Apps Are Adding Crypto Capabilities

Rakuten Wallet

As news.Bitcoin.com reported last month, the “Amazon of Japan,” Rakuten, has now launched its own crypto wallet, featuring BTC, ETH and BCH. Like Line, the company is providing a fiat on-ramp with promise of exposing legions of neophytes to the world of cryptocurrency and crypto spot trading. Though Rakuten has many apps, the addition of Rakuten Wallet is indeed unprecedented thanks to its connection to the popular Rakuten Bank app. In an August 19 press release, the company describes how it works: “In order to provide customers with safe and secure crypto asset transaction services, Rakuten Wallet separates money deposited by customers (customer assets) from the company’s own funds, managing the assets (trust maintenance) in trust accounts provided by Rakuten Trust Co., Ltd., the trust company of Rakuten Group. Rakuten Trust manages those trust assets through Rakuten Bank, Ltd. savings accounts.”

Popular Smartphone Apps Are Adding Crypto Capabilities

Cash App

A popular U.S. app to “go crypto” in recent years is Cash App. The mobile payments service originally launched as Square Cash in 2015, and added bitcoin functionality in January 2018. July was a record-breaking month for the app, with a reported 2.4 million downloads. Talk was rampant of the Square service eclipsing competitors like Paypal’s Venmo, and many speculate that the addition of BTC functionalities and growing crypto-interested user base had something to do with this.

Square was founded in part by CEO of Twitter and BTC maximalist Jack Dorsey, so it’s not surprising the app doesn’t support other tokens. With the current atmosphere of increasing adoption, however, the calloused maximalism may come back to bite, should Square turn a blind eye to increasing user adoption of coins like bitcoin cash, and major players in the crypto altcoin world.

Facebook’s Libra as Mainstream Coup de Gras

For those that can remember the antiquated days when Facebook was only available to college students, and there were no moms, dads, or aunt Sallys on there sharing pictures of birthday cakes, the thought of a mobile app (not even a common concept at that time) dominating the world and featuring a cryptocurrency (bitcoin didn’t even exist yet) would have been somewhat mind-boggling. Fast forward to 2019, and the world’s most downloaded app and most popular social media network is now pushing to bring a new crypto payments system to fruition, called Libra.

Popular Smartphone Apps Are Adding Crypto Capabilities

With significant opposition from governments like the U.S., France and Germany, the Switzerland-based initiative to enable a “more inclusive global financial system” is struggling to gain regulatory approval. Normally such potential legal embattlement would signal the end of a project before it begins, but with Facebook’s roughly 2.4 billion monthly active users, and a mega battery of state-entrenched corporate power in the Libra Association, regulators and lawmakers are being careful not to shoot themselves in the foot too fast. As the Libra currency would not be a true crypto in the sense of bitcoin, being completely centralized, and thanks to the fact that project leaders have already expressed interest bending over backwards for regulators, some speculate the current “battles” are little more than show for the media. Whatever the case, the apple cart of global finance could definitely be upset.

Crypto adoption has extended now even to the world of the mainstream app, so it’s not reckless to wager the trend will grow like wildfire in today’s attention economy. After all, folks are with their smartphones 24/7, and electronic payment systems have become an everyday reality. For those looking to maintain the original vision of peer-to-peer, permissionless and private cash, however, these apps will likely be utilized in combination with more private platforms, which afford users financial autonomy in transaction. The Twitters, Facebooks and Rakutens of the world are by nature more interested in collecting user data than they are in privacy, so this stands to reason. Still, the convenience is alluring, and the apps-gone-crypto narrative seems charged and set to expand into the future of crypto adoption.

What are your thoughts on established apps adding crypto functionality? Let us know in the comments section below.


Images courtesy of Shutterstock, fair use.


Did you know you can buy and sell BCH privately using our noncustodial, peer-to-peer Local Bitcoin Cash trading platform? The Local.Bitcoin.com marketplace has thousands of participants from all around the world trading BCH right now. And if you need a bitcoin wallet to securely store your coins, you can download one from us here.

The post Popular Smartphone Apps Are Adding Crypto Capabilities appeared first on Bitcoin News.


Source: bitcoin.com
Popular Smartphone Apps Are Adding Crypto Capabilities

Related posts

Crypto Isn’t Sound Money, Says Swiss Central Bank Official

Swiss crypto

Swiss central bank official Thomas Jordan says crypto isn’t sound money but stablecoins have the potential to see widespread adoption.


Crypto Won’t See Mainstream Adoption

Speaking during a recent event at the University of Basel, Jordan — chairman of the governing board of the Swiss National Bank (SNB), argued against the value proposition of crypto as currencies.

to Jordan:

Crypto tokens do not possess the characteristics of ‘good’ money, which is typically stable over time, is broadly accepted, and enables efficient payments. Given these parameters, it seems unlikely that crypto tokens will be widely used as money in Switzerland.

Jordan, however, highlighted the potential for stablecoins to see mainstream adoption. The Swiss central bank official stated that fiat-pegged stablecoins could become substitutes for traditional fiat currencies.

Bitcoin is already a substitute for fiat in countries like Turkey and Venezuela. When a country’s currency loses value and forex becomes difficult to obtain, people turn to bitcoin and crypto.

Transferring value via cryptocurrency is currently more efficient than with SWIFT wire transfers. Case in point, the several instances of hundred-million-dollar bitcoin transfers that occur in mere minutes for a few hundred dollars in fees.

All Stablecoins are Equal, but Some More So than Others

Jordan isn’t the first European banker to shill stablecoins over bitcoin. Back in May 2019, European Central Bank (ECB) policymaker, Francois Villeroy de Galhau, said stablecoins would ultimately beat bitcoin in the race for mainstream adoption.

However, this apparent love for stablecoins only exists within the framework of a central bank digital currency (CBDC). Jordan made this distinction clear during his speech, saying:

It is essential that we are clear the economic function of stablecoins. Depending on how they are structured, stablecoins may have the characteristics of a bank deposit or a privately issued banknote. This would be the case for the Swiss franc stablecoin, were it to be used widely for cashless payments or as a store of value, as it would effectively become a substitute for Swiss franc bank deposits.

Libra Requires International Regulatory Cooperation

To this end, stablecoin projects like Facebook’s Libra cryptocurrency will not easily obtain the all-clear in Europe. Commenting on the project, Jordan said regulators from the globe would need to work in consonance to adequately police its operations.

Authorities in Germany and France have recently come out to oppose the Libra cryptocurrency. Meanwhile, Swiss regulators say they are going to enforce strict anti-money laundering (AML) laws on the project.

Do you think stablecoins can become more dominant than bitcoin in terms of adoption? Let us know in the comments below.


Images via Shutterstock

The post Crypto Isn’t Sound Money, Says Swiss Central Bank Official appeared first on Bitcoinist.com.


Source: bitcoinist
Crypto Isn’t Sound Money, Says Swiss Central Bank Official

Related posts

Taxation Isn’t Just Theft – It’s Bad for Crypto Adoption

Taxation Is Not Only Theft, It’s Also Bad for Crypto Adoption

Crypto awareness is reaching levels almost unimaginable just years ago, with telecommunications giants, big banks, mainstream media, and even professional sports teams now discussing and flouting digital assets. AT&T now allows customers to pay their phone bills in bitcoin, Japanese SMS giant Line is adding an FSA-approved crypto exchange to its hugely popular chat app, and the NFL’s Miami Dolphins have named litecoin their “official cryptocurrency.” Still, with all its wonderful attributes, it’s puzzling to some why crypto isn’t even bigger than it already is, and the answer may lie in one buzzkill of a word: taxes.

Also Read: At Least 19 Central Banks Give Way to Monetary Easing As Economy Slows

Breaking Into Pop Culture

Five years ago it might have been hard to imagine regular crypto-focused segments on popular MSM news outlets. That’s a normal thing now. The Miami Dolphins football team having an official cryptocurrency might have been a silly conversation at a house party with friends, but that’s the reality these days. How a whole “Bitcoin Cash City” in Australia? Thinking of giants like AT&T, Microsoft, Rakuten, and Naver’s Line chat app (which just announced its Bitmax exchange launch on September 17) accepting and trading crypto almost boggles the mind, at least for those who’ve been in the space since less sensational times.

Taxation Isn't Just Theft – It’s Bad for Crypto Adoption
Tokyo-based messaging giant Line now has its own cryptocurrency exchange called Bitmax.

There’s no question that cryptocurrencies are generally easy to use. There’s no question that P2P transactions and international transfers are generally much easier and cheaper than those facilitated by legacy banking institutions. There’s also little doubt surrounding the fact that sound, decentralized digital assets can provide a level of autonomy and privacy hard to come by in the fiat world of government-issued money. Sure, there’s the volatility factor to consider, but that also provides holders a chance to reap handsome gains from favorable price fluctuations. As sending money via coins like BCH is so easy, and so many seem to be genuinely hungry for crypto ubiquity, it stands to ask why adoption and use have not skyrocketed more massively by now.

Taxation Isn't Just Theft – It’s Bad for Crypto Adoption

Taxation: Crypto’s Wet Blanket

You can’t steal from your neighbors at gunpoint to make them pay for things you want, even if those things you want are good, positive things. Should the whole town with you that your neighbor ought to pay for these things, forcing a non-violent person to give up their money under threat of violence is nonetheless unethical. And sociopathic, really. There’s a cognitive dissonance, though, when it comes to a group of people called “government.” They get a magical mystery pass on morals. “Taxation is theft,” as the old libertarian trope goes, is no lie. But it’s not only theft; it’s also a huge deterrent for already flourishing crypto adoption worldwide.

Taxation Isn't Just Theft – It’s Bad for Crypto Adoption
In recent years the bustling streets of Tokyo, Japan have been plastered with massive signs advertising large-scale, regulated crypto exchanges.

Extortion carries with it a high level of fear for its victims. Since crypto tax regulations in many jurisdictions are still so painfully unclear, it’s understandable when merchants, friends and family are reticent to touch “that bitcoin stuff.” The IRS has been sending out thousands of ominous warning letters for months now, and still has not delivered updated tax guidelines for crypto, promised in May to be soon forthcoming.

These guys aren’t kidding, either. Targeted individuals have found out the hard way. If you trade crypto in a way the local tax authorities don’t like, you could be facing years of prison time. Running afoul of FATF-backed regulatory bodies when it comes to crypto taxation could result in revoked passports, exorbitant legal fees, and the destruction of one’s livelihood. All this against a backdrop of increasing global debt and march toward a new worldwide recession means that, more than ever, underfunded and understaffed government agencies like the IRS are desperately pressuring mainstream crypto exchanges to surrender customer info, or risk being penalized.

A Forked Crypto Culture and the Need for Decentralized Governance

Apart from a remarkable polarization occurring in the crypto space since Bitcoin Cash forked from Bitcoin Core in August 2017, another arguably deeper divide has formed. This is the rift between large, state-compliant crypto interests and staunch advocates for a free market. Not all in the latter group are libertarians or “taxation is theft” philosophical purists, either. Some are everyday merchants who simply see the utility of crypto, and wish to grow their businesses while serving their customers more efficiently with crypto. Cafe owner Donna Kilpatrick, for example, spoke at the recent Bitcoin Cash City conference in Townsville, Australia, saying of BCH:

We work in hospitality … we’re not brain surgeons and we can all do it … It’s so easy, It really is so easy. That’s not to say that I think it’s perfection. I think there are issues with it in a retail environment … and that’s around the accounting side of things, because, you know, I don’t want to be running afoul of the ATO.

Interesting that the biggest flaw Kilpatrick can find with crypto is the unreasonable requirements of an obtuse Australian Taxation Office. Her observations and those of others at the conference shine a piercing light on a critical problem: the tech is decentralized, but the governments trying to regulate it are not. It’s like trying to force a square peg into a round hole.

Taxation Isn't Just Theft – It’s Bad for Crypto Adoption
Litecoin is now the official cryptocurrency of the NFL’s Miami Dolphins.

If a new money can work with nothing more than math, a market, and decentralized network, why not society as a whole? Arguments for warlords taking over, or evil individuals running amok and dominating these consensual, permissionless proposals for a new order are ultimately self-detonating. Looking around, warlords are already in power. Bad actors are already running amok. Why? The network model for society is now totally centralized.

“Denial of service attacks” on those not toeing the party lines are all too common. With Bitcoin, the model is mathematical. With violence-based, centralized governance, the model is whimsical. Whatever the ruling class feels like doing, they do. Imagine the developers of any respectable cryptocurrency behaving the same way. It would be laughable. There is no “divine right to rule” inherent to the mathematics governing crypto, so why society at large should be any different is a valid, if habitually ignored, question.

The electrified air of the cryptoverse is now bristling with adoption possibilities, and the next step is to ask how crypto can be leveraged for the benefit of individuals everywhere. Attempts to smash and shame economic autonomy back into the rusty cages of plantation finance are not only ill-advised – they are also immoral. The more decentralized societal governance becomes, the faster adoption will spread. Perhaps even until a day when kids will look at their history books marveling at times past, stunned that humankind actually believed systematic financial slavery was necessary for peace. They’ll close their dusty books, send a crypto tip to their friends on some augmented reality chat app, and head out into the sun to catch the Dolphins game.

What do you think about the recent developments in crypto adoption worldwide? Let us know in the comments section below.

Op-ed disclaimer: This is an Op-ed article. The opinions expressed in this article are the author’s own. Bitcoin.com is not responsible for or liable for any content, accuracy or quality within the Op-ed article. Readers should do their own due diligence before taking any actions related to the content. Bitcoin.com is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any information in this Op-ed article.


Images courtesy of Shutterstock, fair use.


You can now purchase Bitcoin without visiting a cryptocurrency exchange. Buy BTC and BCH directly from our trusted seller and, if you need a Bitcoin wallet to securely store it, you can download one from us here.

The post Taxation Isn’t Just Theft – It’s Bad for Crypto Adoption appeared first on Bitcoin News.


Source: bitcoin.com
Taxation Isn’t Just Theft – It’s Bad for Crypto Adoption

Related posts

Alchemy Opens Up Bitcoin Payment to 1.2 Million Merchants in Asia

bitcoin payments asia

Retail merchants Asia can now receive bitcoin and cryptocurrency payments via a new hybrid solution launched by Alchemy.


Alchemy Launches Hybrid Bitcoin Payment Solution

In a press statement issued Wednesday (September 18, 2019), Alchemy — a global crypto payments service provider announced the launch of the platform.

Called the Alchemy Hybrid Payment Solution, it allows merchants in Asian and Middle Eastern markets easily bitcoin and crypto payments. The service features a hybrid integration with popular fiat wallets in Asia such as Alipay, WeChat Pay, and LinePay to mention a few.

Apart from bitcoin, Alchemy’s new payment gateway offers support for more than 30 altcoins including ether and litecoin.

to the press statement, crypto payments on the platform will be settled in the local fiat currency. This feature is part of efforts to mitigate against the fluctuating value of cryptos.

As at press time, the Alchemy Hybrid Payment Solution is already live in Hong Kong and Singapore. Pricerite and Midwest Global Asia are among the first adopters on the service.

In addition to being a payment gateway, Alchemy is reportedly examining ways to extend the platform’s capabilities. Talks are already underway to include interfaces with crypto exchanges and bitcoin OTC desks.

Making Crypto Retail Payments Easier

Alchemy’s new product is the latest attempt at solving the problem of using bitcoin and cryptos in daily retail transactions. Commenting on the development, the company’s co-founder Patrick Ngan declared:

[This] is a game changer for the global cryptocurrency market as it propels cryptocurrencies towards truly becoming a global currency. It creates real-life use cases for cryptocurrencies as crypto holders can now spend their cryptocurrencies to purchase goods and services in addition to their investment functions.

Even bitcoin proponent and Twitter CEO Jack Dorsey recently declared that the cryptocurrency still has a long way to go in establishing itself as a useful mode of payment. The Square chief does, however, hold firm to his belief that bitcoin will eventually be the native currency of the internet.

In an interview on Charlie Shrem’s podcast — ‘Untold Stories,’ BTCC co-founder Bobby Lee said that bitcoin is seen mostly as an investment rather than a currency in China.

Platforms like Alchemy’s will face some competition in markets like China that already have a robust electronic payment ecosystem.

Do you think platforms like Alchemy’s can catapult bitcoin and crypto payments to the pinnacle of the electronic payment market? Let us know in the comments below.


Images via

The post Alchemy Opens Up Bitcoin Payment to 1.2 Million Merchants in Asia appeared first on Bitcoinist.com.


Source: bitcoinist
Alchemy Opens Up Bitcoin Payment to 1.2 Million Merchants in Asia

Related posts

ING Survey: Europe Still a Patchy Landscape of Crypto Adoption

patchy crypto adoption Europe

European countries present a patchy landscape of cryptocurrency . Most consumers remain skeptical, but there is an emerging class of true believers, shows the latest ING survey, “From cash to crypto: a money revolution.”


True Believers and Enthusiasts Boost Adoption

The insurance giant went through another annual analysis of attitudes to cryptocurrencies. The research found out that outside of a small group of true believers and enthusiasts, Europeans are cautious the promises of crypto coins. ING queried respondents in 15 countries, with close to 1,000 respondents in each country.

“The crypto type”, as ING names this group of respondents, is the most positive about the future of cryptocurrencies. But extreme enthusiasts are not the most knowledgeable about crypto assets. The researchers discovered that knowledge and understanding of crypto coins do not correlate with a positive attitude or expectations.

Respondents comfortable with crypto assets are already used to various forms of cashless payments. This is especially true of male respondents with relatively high incomes, ING discovered. But the general European consumer still prefers traditional modes of payment, including physical cash.

Turkey, Romania, and Poland hold the lead when it comes to positive attitudes about digital assets. In the case of Turkey, the country has shown strong adoption of multiple crypto schemes, as locals attempt to mitigate the crash of the lira exchange rate. In Turkey, 62% of respondents had a positive attitude to crypto assets.

Most Europeans Cautious About Cryptocurrencies

One of the curious discoveries was that Europeans were very cautious about sending money via social media. When queried about Facebook’s use as a platform for payments, as much as 60% of Europeans responded negatively. Even in crypto-friendly Turkey, the usage of Facebook or other social media for payments was viewed with relatively low approval rates, with 43% against.

Europeans get informed about digital coins mostly from online media, ING discovered. But there are multiple regional differences, as some countries have stronger online communities or news portals.

Given that Europe is one of the hotspots when it comes to crypto exchanges, the ING survey shows that the general population is still largely unaware of crypto assets, and still far from quick or mass adoption. The UK, which is the leading country for crypto exchanges, was not included in the survey.

The survey also excludes the notoriously crypto-friendly Baltic countries, where adoption and startups are relatively higher.

What do you think about cryptocurrency adoption in Europe? Share your thoughts in the comments section below!


Image via Shutterstock

The post ING Survey: Europe Still a Patchy Landscape of Crypto Adoption appeared first on Bitcoinist.com.


Source: bitcoinist
ING Survey: Europe Still a Patchy Landscape of Crypto Adoption

Related posts

Ripple-backed Coil enters into partnership with Mozilla, Creative Commons

Coil, a Ripple-backed organization which facilitates payment solutions for major companies on the Internet to XRP as a form of payment, has entered into a major partnership with Mozilla and Creative Commons. Founded by Ripple CTO Stefan Thomas, Coil came to an agreement with Mozilla and Creative Commons to launch a $100 million grant […]
Source: bitcoinwarrior
Ripple-backed Coil enters into partnership with Mozilla, Creative Commons

Related posts

Huobi Expands Crypto Exchange to Argentina Amid Peso Devaluation

Crypto exchange Huobi is expanding to Argentina as cryptocurrencies gain in the region as a hedge against the infamous inflationary peso.
Source: coindesk
Huobi Expands Crypto Exchange to Argentina Amid Peso Devaluation

Related posts

Bitcoin payment service provider BitPay brings in Ethereum

The largest Bitcoin payment service provider BitPay has announced its support for Ethereum, the second most preferred cryptocurrency to its market dominance.  Headquartered in Atlanta, US, BitPay is a popular payment service provider for merchants who Bitcoin and Bitcoin Cash as payments. While it also supports fiat currency and a small number of […]
Source: bitcoinwarrior
Bitcoin payment service provider BitPay brings in Ethereum

Related posts

BitPay Now Lets Merchants Accept Ethereum’s Cryptocurrency

“This truly opens up a new world of possibilities for the Ethereum ecosystem,” said Ethereum co-founder and creator Vitalik Buterin.
Source: coindesk
BitPay Now Lets Merchants Accept Ethereum’s Cryptocurrency

Related posts

Cryptocurrency Provides Payment and Tax Solutions for the Cannabis Industry

cryptocurrency payments for cannabis

A member of the Berkeley City Council has reportedly become the first elected official to purchase cannabis with cryptocurrency.


City Council Member Makes Cannabis Purchase with Crypto

to The Daily Californian, Ben Bartlett of the Berkeley City Council purchased cannabis using cryptocurrency during an event organized by the Blockchain Advocacy Coalition.

The event which held last Tuesday was to draw awareness to a bill proposing cryptocurrency payments for California’s cannabis industry.

Bartlett made the purchase via crypto financial platform Cred in a transaction that took seconds to complete.

Ohana Cannabis Co. — the cannabis merchant in the transaction accepted the payment via LBA token — Cred’s native cryptocurrency.

Commenting on the development in a press release, Councilman Bartlett declared:

By providing a cash-free method of cannabis tax collections, AB 953 can reduce costs and safety risks for cities and businesses. The Green Rush is a 21st-century industry; it deserves 21st-century legislation. Tax collections leveraging stablecoin technology will help bring this new industry into the light.

Cryptocurrency Solves a Real Problem for Cannabis Industry

Per U.S. Federal Statutes (the Controlled Substance Act), cannabis is illegal despite being legalized for recreational use in states like California. Thus, the business remains majorly cash-based with little or no banking support.

As previously reported by Bitcoinist, federal banks in the U.S. have been known to shut down the accounts of marijuana investors.

The cash-based nature of the industry also causes serious headache when considering sales and city tax payments. State tax officials tend to spend more time and money accepting payments in large fiat deposits.

For Cred co-founder Dan Schatt, cryptocurrency can provide simple solutions to these problems. Commenting on the issue, Schatt opined:

Not only does crypto result in significant cost reduction for consumers and merchants, but it also enables highly productive tax collection, transparency, and predictability for city and state governments.

With cannabis still arguably a taboo subject, crypto also seems like the perfect transactional vehicle for the industry.

Liam DiGregorio of Berkeley’s Blockchain department commended Bartlett’s efforts in leading the way for marijuana normalization among elected officials. According to DiGregorio:

There’s a negative public perception that people in higher levels of office shouldn’t use (cannabis), let alone buy it.

The intersection of the crypto and cannabis industry could also potentially expand adoption numbers for the latter.

What do you think using cryptocurrency for cannabis purchase? Let us know in the comments below.


Images via

The post Cryptocurrency Provides Payment and Tax Solutions for the Cannabis Industry appeared first on Bitcoinist.com.


Source: bitcoinist
Cryptocurrency Provides Payment and Tax Solutions for the Cannabis Industry

Related posts