Much like crypto institutions, cannabis companies find it difficult to access financial services from banks along with other payment providers. These companies would be either denied financial services outright or need to pay exorbitant charges for receiving them.
Utilizing blockchain and cryptocurrency, global blockchain technology company BitCanna provides an alternative by means of cashless payment.
Alternative funding for cannabis companies
As pointed out, BitCanna ensures cannabis companies can get access to financial services through blockchain. Rather of coping with the limitations set by charge card companies and banks, cannabis groups will get payments through BitCanna Pay — a credit card applicatoin supplying instant, worldwide use of payments.
Built around the Cosmos blockchain (ATOM), BitCanna transactions take typically five seconds to process and price under a tenth of the cent. The network is operated by its BCNA token, that is harnessed by users and cannabis companies to facilitate payments.
In addition, but BitCanna assists the cannabis industry and users in tracking and tracing cannabis-related products through the use of blockchain technology. This to make sure transparency regarding quality and origin to supply specifics of product standards.
An NFT-powered community
To advertise its services, BitCanna is launching a nonfubgible token (NFT) collection known as Buddheads. Buddheads will be to behave as a kind of onboarding tool in to the BitCanna community. You will see 8,420 Buddheads as a whole, and lots of is going to be airdropped to both Bitcanna people from the Stargaze community when they meet certain needs. Stargaze is really a layer-1 NFT platform around the Cosmos blockchain. Any Buddheads leftover in the airdrop may also be readily available for mint around the Stargaze platform.
BitCanna will convert 50% from the arises from its NFT purchase into BCNA, the project’s token, and airdropped to Buddhead proprietors. Another 50% goes toward the BitCanna team and future growth and development of the chain and it is features.
BitCanna hopes that Buddheads function as an accessible distance to blockchain and cryptocurrency. They views its NFTs like a micro-social networking, as individuals holding them will take part in the higher BitCanna ecosystem.
“BitCanna Buddheads might just be the missing factor between bridging the cannabis community and cryptocurrencies,” claims the BitCanna team.
Otherwise, BitCanna has various partners and sister firms that provide use of countless customers. Such groups contain Zamnesia, Royal Queen Seeds, Cibdol and Kannabia, amongst others.
In recent several weeks, the BCNA token continues to be on the Osmosis DEX and combined with ATOM and OSMO tokens inside the platform. The BitCanna team will expend the following twelve several weeks developing its Buddheads NFT collection alongside expanding its payments means to fix a worldwide market.
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