Subscribe
April 21, 2026
Sign In

Capitalizations Index – B ∞/21M

Menu
Breaking
Why Bitcoin Holds Value: Scarcity, Security, Demand Can Bitcoin Replace Money? Potential and Challenges Explored Bitcoin Maximalists: Why Bitcoin Outshines All Digital Assets Bitcoin’s Strength Grows Amid Monetary Instability Bitcoin Transaction Times Explained: Average 10-Minute Confirmations

Stellar Lumens [XLM] dethrones EOS; becomes fifth-largest cryptocurrency

Stellar Lumens [XLM] dethrones EOS; becomes fifth-largest cryptocurrency
Stellar Lumens has been on a roll recently, and now, has overtaken EOS to become the fifth-largest cryptocurrency in the world in terms of market cap. The trade volume shows that high volatility is playing a crucial role in the XLM market. The trading volume of XLM is holding at $113.4 million, which is a […]

Previous Article

Altcoin-Marktanalyse KW46 – Stellar steigt über EOS, Bitcoin-Cash-Rallye eher Eintagsfliege

 Next Article

Stellar Lumens [XLM] dethrones EOS; becomes fifth-largest cryptocurrency

You might be interested in …

Wie weit fällt ethereum noch?

Wie weit fällt Ethereum noch?

Wie weit fällt Ethereum noch? Link zum Gewinnspiel: https://www.mehralsnurbitcoin.de/gewinnspiel Hier mein neuestes Buch “Blockchain 2.0 – mehr als nur bitcoin” – die 100 innovativsten dezentralen Anwendungen abgesehen von Kryptowährungen: https://amzn.to/2wOVICV Wenn dir das Video gefallen […]

Bitcoin Solves Legal Marijuana’s Federal Banking Problem

SinglePoint and First bitcoin Capital partner up to solve payment problems in the legal marijuana industry by releasing a point of sale app.

High Priority Issue for the Legal Marijuana Industry

One of the lesser documented reasons for the rise of bitcoin’s price is the role it plays in the legal marijuana industry in the United States. The problem is that US local and federal law are at loggerheads over the legality of the money raised from the selling of legal cannabis products.

Cannabis & Bitcoin

While the tender may be legal in 29 states, it still remains illegal under federal law. This creates issues for point of sale and also where to deposit profits.  This has provided a role for bitcoin as an intermediary and as a potential store of value, with the legal cannabis industry having sales of $8 billion in 2016 you have to wonder where this money is being stored and where it is being invested.

SinglePoint + First bitcoin Capital = Fast Solution?

There is now tremendous momentum and demand for bitcoin acceptance as an alternative form of payment. In a news release this past Tuesday, SinglePoint CEO Greg Lambrecht stated:

This Joint Venture with First bitcoin Capital is perfect timing. bitcoin payments are catching on and cannabis dispensaries need a solution fast.

SinglePoint brings their expertise in distribution while First Bitcoin Capital provides their knowledge and experience with bitcoin and blockchain technology. The partners plan to distribute their offering as a downloadable application for point-of-sale machines. Hopefully, the companies will provide a relatively swift solution to Bitcoins transaction speeds.

bitcoin money

The offering would compete with other pot payment innovations such as cashless ATMs and dedicated prepaid cards.

Bitcoinist has followed the use of bitcoin in the cannabis industry since it became legal to buy cannabis in Washington, how bitcoin is just ‘too slow‘ for transactions and an examination of how bitcoin mixes with cannabis industry.

Will bitcoin provide a better solution for the purchase of Cannabis products in the US? Let us know in the comments below.

Images courtesy of Shuterstock

The post Bitcoin Solves Legal Marijuana’s Federal Banking Problem appeared first on Bitcoinist.com.

Close Menu