4️⃣Stellar CANNACOIN & Going Beyond Safe Banking

Safe banking for the cannabis industry is going to move forward whether cryptocurrency is involved. Crypto isn’t a replacement for safe banking; rather, it should be considered a tool to open financial possibilities for cannabis producers and retailers.

For cannabis businesses, crypto provides the opportunity to lock in access to capital which is something hard to come by through traditional financial institutions. As consumer behavior changes, many want the ability to use their crypto assets for tangible purchases. Having the ability to accept cryptocurrency unlocks new customer channels and considerable sales potential.

For crypto, partnering with the cannabis industry also offers the ability to satisfy the requirements of any governmental revenue service through global reporting. By using blockchain or an immutable ledger, all transaction data and activity that happens at a business is locked into place, so what has been done in the past can’t be undone, and all activity can be easily audited.

Transparency features vary from one cryptocurrency to another. Stellar Lumens & assets on the Stellar network are arguably the most transparent & efficient cryptocurrencies. That’s why Stellar Cannacoin is a Stellar asset!