Innovative Cryptocurrency Based Credit Card Processor for the Legal Marijuana Industry GreenMed to Launch Token Pre-Sale September 4th
In exciting news for the legal marijuana industry GreenMed.io, a cryptocurrency based credit card processing company, token Pre-ICO is set to go live on September 4th, 2017. Well respected, industry leading seed bank I Love Growing Marijuana has announced they will be using GreenMed to process credit card orders.
LOS ANGELES, Aug. 31, 2017 /PRNewswire/ -- Despite the increasing amount of places where medical marijuana is legal, this hasn't prevented dispensaries from going through the extreme frustration of not being able to accept credit and debit cards as payment methods due to federal banking regulations. The good news is that the innovative team at GreenMed.io is using the latest in blockchain technology to work around this problem.
Users will be able to use their credit and debit card to purchase tokens (using the cryptocurrency Ethereum's blockchain) which can then be used to make legal marijuana purchases through participating outlets. One of the first to endorse and come aboard the revolutionary, game changing service, is ILoveGrowingMarijuana.com, World's largest seed distributor, who will use GreenMed to process all of their orders.
"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. "This has the potential to be industry changing in all of the best ways."
For merchants concerned with Token price fluctuations, merchants will have the option of automatic conversion to US dollars on receipt from the client.
The token sale begins with a 40% bonus on September 4th, with the bonus dropping 10% a week for four weeks.
IloveGrowingMarijuana.com has over 25,000 daily visitors, 250,000 grow guide readers and offers 30 hand picked strains of seeds.