Tokens such as Cannabiscoin must be purchased on a cryptocurrency exchange and must be sold manually outside of its app in order to cash in on the value, while GreenMed gives you that option as well in addition to allowing payments by credit card, debit, and EFT (Electronic Funds Transfer). About Contact Privacy Policy Terms of Service Subscribe Copyright Follow us Bitcoin Blockchain Technology Lightning Network Cryptocurrency News Guide ICO Trends Rating System Token Sale Buying Tips Red Flags How Spot Scam Vs IPO Top Alternative Exchanges BTC Rate USA Regulation Coinbase Review Wallets Trezor KeepKey Ledger Mining BitClub Genesis Trading Investment Strategies Common Mistakes Expert Advice FAQ Glossary Proof Search GreenMed GRMD Legal Marijuana Credit Card Payment Facebook Twitter Telegram ReddIt WhatsApp Pinterest Linkedin Email Google Tumblr StumbleUpon blockchainbased payments for the industry. GreenMed is the first in the world to allow blockchain-based credit card and debit purchases of cannabis with its new mobile app, in addition to its ERC 20-compliant Ethereum tokens - meaning that GreenMed is bringing credit card and debit purchases to the cannabis industry while also giving customers the option to pay via cryptocurrency. GreenMed is the world's first ERC-20 Ethereum token backed application enabling customers to purchase Legal Marijuana using their Debit or Credit Cards.
GreenMed is the world's first ERC-20 Ethereum token backed application enabling customers to purchase legal marijuana using their debit or credit cards. Due to strict federal regulations , banks have been unable to partner with legal marijuana dispensaries, leaving cryptocurrencies like Ethereum as one of the only options to help the $5 billion industry accept mainstream electronic payments like credit/debit cards and electronic fund transfers. "We are proud to be the first ERC-20 Ethereum token backed application that allows users to purchase legal marijuana using their credit or debit cards," commented a spokesperson from GreenMed.
GreenMed is an ERC-20 token backed application that enables customers to purchase Legal Marijuana using their Debit or Credit Cards. The GreenMed app is a mobile application for legal marijuana dispensaries to accept cryptocurrency and debit and credit card payments, as well as EFT's. Due to strict federal regulations, banks have been unable to partner with legal marijuana dispensaries, leaving cryptocurrencies like Ethereum as the only option to help the $5 billion industry accept mainstream electronic payments like credit/debit cards and electronic fund transfers.
ERC-20 Ethereum token backed application enabling customers to purchase Legal Marijuana using their Debit or Credit Cards. Each debit card, credit card or EFT payment will be automatically converted to GreenMed token, therefore allowing legal marijuana dispensaries to accept both cryptocurrency payments and regular electronic payments. GreenMed (GRMD) enables legal marijuana dispensaries to accept debit and credit cards through the use of GreenMed tokens.
Legal marijuana dispensaries will be able to simply use credit and debit cards as Ethereum technology is applied in case of GreenMed. Rather than have dispensaries use debit or credit cards directly, the GreenMed system allows pot shops to use Ethereum tokens, which work similarly to Bitcoins, and can be exchanged for actual money.