adoption, bitcoin cash, cannabis, Cryptocurrency, Payments, people's remedy

People’s Remedy, a growing chain of cannabis stores, has started accepting cryptocurrencies as a payment method, allowing their customers to use them as a fast, easy way of getting their products while taking advantage of the traits cryptocurrencies bring to the table. Unlike other stores, People’s Remedy assumes this symbiotic relationship between cannabis and crypto as a commitment, wanting to build a circular economy by paying its employees with crypto assets.

People’s Remedy Starts Accepting Cryptocurrencies as Payment

People’s Remedy, a California-based cannabis chain of dispensaries, has started taking cryptocurrencies as payment methods, allowing their customers to leverage the power of crypto to acquire their products with the benefits of privacy and anonymity coming with it. With four stores in California, and still growing, People’s Remedy products are designed specially to help those with medical ailments that can be treated with cannabis, offering the bests strains and compounds available. However, is the interest in new technologies that sets the company apart from other similar stores.

The company trained each and every one of its employees in the use of cryptocurrencies, even making its own manual for this purpose, activating all of its twenty-two cash register terminals to accept bitcoin cash, dash, litecoin, bitcoin satoshi’s vision, and bitcoin core. However, they really like the Bitcoin Cash network due to its low fees, allowing customers to purchase products like a $4 preroll without worrying about paying more than the product’s price on fees.

John Williams, Tech Manager of People’s Remedy, stated that:

Enabling a Circular Economy

People’s Remedy belief in cryptocurrencies doesn’t end there. While they do use Anypay, a third-party payment processor to take care of cryptocurrency payments, the store plans to keep the payments received in cryptocurrencies, as a vote of confidence in the longevity of these instruments. Williams stated in this regard they had absolute trust in this technology, vowing to hold as many of these coins as they can.

Derrick Horton, Anypay’s CEO, spoke to Bitcoin.com News and said this was one of the key motives that enticed them to work with People’s Remedy. Horton stated:

People’s Remedy vision of the future includes paying its expenses and employees’ wages in Bitcoin Cash, so these can also use them to pay for their expenses, helping to create a circular economy where the cryptocurrency earned gets spent without turning into fiat currency, bringing adoption a step higher.

What do you think about People’s Choice adoption of cryptocurrencies as payment methods? Tell us in the comments section below.

Du lịch nhật bản, hướng dẫn du lịch Nhật và đánh giá địa điểm Nhật Bản Japan travel news, japan travel guides, japan holiday destinations and japan reviews

RELATED NEWS

Hong Kong to Connect Digital Yuan With Domestic Payments System in Cross-Border Trials

Financial authorities in Hong Kong have announced a second phase of trials for mainland China’s digital currency. As part of the upcoming tests, the city will link the Chinese digital yuan to its domestic payments system to evaluate the CBDC’s usability in cross-border scenarios. Hong Kong Residents to Load E-CNY Wallets via Mobile Phones China […]

Xem chi tiết: Hong Kong to Connect Digital Yuan With Domestic Payments System in Cross-Border Trials

Mystery Whale Returns by Moving $35 Million — Miner Transfers 1,000 ‘Sleeping Bitcoins’ from 2010

Two months after the mystery mining whale from 2010 transferred a string of 20 block rewards with 1,000 bitcoin on March 23, it seemed as though the entity was finished, after spending 10,000 bitcoin total. However, it took 78 days for the whale’s next move, as another 20 blocks from 2010 were transferred on Wednesday […]

Xem chi tiết: Mystery Whale Returns by Moving $35 Million — Miner Transfers 1,000 ‘Sleeping Bitcoins’ from 2010

Crypto Payments App Bottlepay Is Now Available Across Europe

U.K.-based crypto payments provider Bottlepay has started offering services in other European countries. Users on the Old Continent will be able to send and receive even small amounts of euro and also buy, store and spend bitcoin with merchants accepting cryptocurrency. Bottlepay Promises Low-Cost Transactions in Euro and Bitcoin The Bottlepay app will allow Europeans […]

Xem chi tiết: Crypto Payments App Bottlepay Is Now Available Across Europe

Mike Novogratz: Bitcoin Investors Waiting for a New Narrative Shift

Mike Novogratz declared institutional investors are waiting for the next narrative shift in a recent interview at the Bitcoin 2021 conference in Miami. The CEO of Galaxy Digital thinks the market is now in a consolidation phase after the price crash last month. Novogratz also commented on what the rise of defi could mean for […]

Xem chi tiết: Mike Novogratz: Bitcoin Investors Waiting for a New Narrative Shift

Grand Theft Auto 6 to Feature a Fictional Cryptocurrency

One of the biggest franchises in the videogame industry, Grand Theft Auto, will feature in-game payments of “bitcoin†or another fictional cryptocurrency. Contractors will pay the player with this currency when they need to make anonymous, untraceable payments. This would constitute another push for Bitcoin awareness into mainstream media culture. Grand Theft Auto 6 to […]

Xem chi tiết: Grand Theft Auto 6 to Feature a Fictional Cryptocurrency

El Salvador Offers No Capital Gains Tax, Permanent Residence to Crypto Entrepreneurs

Nayib Bukele, president of El Salvador, has weighed in the future of his country now that there is a formal proposal for making Bitcoin a legal tender, announcing complementary measures. Bukele mentioned yesterday on Twitter there would be no capital gains on Bitcoin earnings, and also highlighted the possibility of offering permanent residence to crypto […]

Xem chi tiết: El Salvador Offers No Capital Gains Tax, Permanent Residence to Crypto Entrepreneurs

White House Tech Advisor Tim Wu Keeps at Least $1 Million in Bitcoin

Tim Wu, top advisor to the Biden administration on technology and competition policy, holds more than $1 million in cryptocurrency, shows a recently filed financial disclosure. The antitrust expert, who is known as a prominent big tech critic, has in the past questioned the value of bitcoin. Top Biden Advisor Tim Wu Is a Bitcoin […]

Xem chi tiết: White House Tech Advisor Tim Wu Keeps at Least $1 Million in Bitcoin

White House Tech Advisor Tim Wu Keeps at Least $1 Million in Bitcoin

Tim Wu, top advisor to the Biden administration on technology and competition policy, holds more than $1 million in cryptocurrency, shows a recently filed financial disclosure. The antitrust expert, who is known as a prominent big tech critic, has in the past questioned the value of bitcoin. Top Biden Advisor Tim Wu Is a Bitcoin […]

Xem chi tiết: White House Tech Advisor Tim Wu Keeps at Least $1 Million in Bitcoin

Scammers Pick Bank Transfers Over Cryptocurrency, Australian Report Reveals

As Crypto Interest Winds Down Bitcoin’s Daily Transaction Rate Plummets to Two-Year Lows

El Salvador Offers No Capital Gains Tax, Permanent Residence to Crypto Entrepreneurs

Weibo Cracks Down Crypto Related Accounts as China Strengthens Its Anti Crypto Stance

National Court of Spain Suspends John McAfee Extradition Hearing

US Pharmacy Chain Pharmcorx Accepts Cryptocurrency for Fast Covid Testing

African Fintech Start-up Chipper Cash Raises $100 Million — CEO Says No Crypto Services for Nigeria

‘Blogger by Day, Trader by Night,’ Binance Runs Advertising Campaign in Major Ukrainian Cities

Other Articles