opinion Are Cannabis Shops Going to Except Crypto Currency?

[urljunky]

Are Cannabis dispensaries going to widely except crypto currencies? Are is it to difficult for them to implement?

 

[Dave]

I think some may accept crypto currency. I think some may also except (not include) them too.

Bitcoin has failed as a currency. Fees are too high and confirmations take too long so it makes no economical sense for Bitcoin to be used as a currency. People who are investing in Bitcoin as a currency are wrong. Other currencies or technologies such as Tangle will surely take over in years to come, in my opinion.

What I am sure of is the underlying technology that powers crypto currency (Blockchain, Tangle etc) are here to stay.

 

[MasterOfMyDomains]

Doubt it, maybe years down the road when things stabalize
I asked about putting in bitcoin machine at smoke shop and they said no way. Cash for now lol
Great answer above by Dave

 

[urljunky]

I live in California and there are a TON of growers. I mean almost 1 grow in every commercial area sometimes more. And all these guys have to deal in cash Which makes things very dangerous. There has already been murders, shootings, robbery's, extortion's and more. They have to go to something safer. IMO

 

[Kuffy]

Bitcoin has failed as a currency. Fees are too high and confirmations take too long so it makes no economical sense for Bitcoin to be used as a currency. People who are investing in Bitcoin as a currency are wrong. Other currencies or technologies such as Tangle will surely take over in years to come, in my opinion.

I'm coming to the conclusion that Bitcoin was never intended to be a currency, The 10 minute block generation rule, the Coin cap, and the decreasing mining rewards mean that it can never achieve sufficient volume. I believe that it was an experiment by the bankers, and it was inteded to become a specialist store of wealth. The next digital product they produce will become the currency.

 

[wwwweb]

I live in California and there are a TON of growers. I mean almost 1 grow in every commercial area sometimes more. And all these guys have to deal in cash Which makes things very dangerous. There has already been murders, shootings, robbery's, extortion's and more. They have to go to something safer. IMO

You can't be extorted for your crypto wallet? More anonymous if anything. I think right now it has to do with how fast the market moves, or drops. $100 can be $50 very quickly, and without justification.

 

[DrJacoby]

And all these guys have to deal in cash Which makes things very dangerous.

Credit and debit cards? Apple Pay?

 

[urljunky]

Credit and debit cards? Apple Pay?

They can't take credits cards or any form of payment that is federally regulated(i.e. applepay, paypal...etc..)

 

[DrJacoby]

They can't take credits cards or any form of payment that is federally regulated(i.e. applepay, paypal...etc..)

Hard to do business in that case.

 

[urljunky]

Hard to do business in that case.

These Cannabis Dispensaries make $$ hand over fist. And it is all in cash. they can't even put the money into a bank because the Feds can confiscate it, because it's still against federal law to sell it. So now these owners have to keep all this cash and deal only in cash.