California Cannabis Chain People's Remedy Starts Accepting Cryptocurrencies as Payment

Sunday 09 May 2021, 10:41 PM AEST - 1 month ago

people's remedy

Peoples Remedy, a growing chain of cannabis stores, has started accepting cryptocurrencies as a payment method, allowing their customers to use them as a fast, easy way of getting their products while taking advantage of the traits cryptocurrencies bring to the table. Unlike other stores, Peoples Remedy assumes this symbiotic relationship between cannabis and crypto as a commitment, wanting to build a circular economy by paying its employees with crypto assets.

Peoples Remedy Starts Accepting Cryptocurrencies as Payment

Peoples Remedy, a California-based cannabis chain of dispensaries, has started taking cryptocurrencies as payment methods, allowing their customers to leverage the power of crypto to acquire their products with the benefits of privacy and anonymity coming with it. With four stores in California, and still growing, Peoples Remedy products are designed specially to help those with medical ailments that can be treated with cannabis, offering the bests strains and compounds available. However, is the interest in new technologies that sets the company apart from other similar stores.

The company trained each and every one of its employees in the use of cryptocurrencies, even making its own manual for this purpose, activating all of its twenty-two cash register terminals to accept bitcoin cash, dash, litecoin, bitcoin satoshis vision, and bitcoin core. However, they really like the Bitcoin Cash network due to its low fees, allowing customers to purchase products like a $4 preroll without worrying about paying more than the products price on fees.

John Williams, Tech Manager of Peoples Remedy, stated that:

Smart people use technology to make their lives better, and Peoples Remedy does tech better than any cannabis business,

Enabling a Circular Economy

Peoples Remedy belief in cryptocurrencies doesnt end there. While they do use Anypay, a third-party payment processor to take care of cryptocurrency payments, the store plans to keep the payments received in cryptocurrencies, as a vote of confidence in the longevity of these instruments. Williams stated in this regard they had absolute trust in this ...

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