What is Potcoin?

brosol (44)in #cannabis • 6 years ago (edited)

I gladly post this for a fellow steemer who requested a brainstorm topic: Potcoin.

I know very little about Potcoin but the name suggests a form of cryptocurrency dedicated to cannabis?

I would like to share Info-Links Brainstorm regarding PotCoin as a newbie.

Info-Links Brainstorm Topics

I hope you find the info useful and helpful.

I plan to post more such topic info links to share and learn together.

Potcoin is the first digital currency created to promote & aide banking transactions within the legalized cannabis related industry.
Potcoin offers a network-banking system solution for the $100 billion global legal cannabis industry
PotCoin digital coins allow cannabis enthusiasts to interact, transact, communicate and grow together via the internet.

2. Why Potcoin?

Even though some (USA) states have legalized 420
Cannabis remains Federally illegal as a Schedule I substance in the same category as heroin and LSD.
Cannabis industry remains primarily cash-only, since not all businesses have access to bank accounts and credit card networks.
Many banks, credit unions, credit card networks refuse to provide accounts and services to cannabis related establishments
Dispensaries (cash only) don’t have a safe place to store hard currency
PotCoin was created to fill a gap in the legal cannabis industry
PotCoin works very much the same way as the Bitcoin based on a public ledger called the Blockchain.

3. Potcoin Benefits

Much more available & accessible than banks, credit card transactions
Less cumbersome and lower risk vs cash
Potcoin offers (cash only) cannabis businesses a safe, secure, convenient method to process their daily $ transactions.
Potcoin was designed for the legal cannabis industry with the goal of becoming the standard form of payment.
Potcoin is aimed at the legal cannabis industry. It is fast with low fees.
Potcoin provides a decentralized peer-to-peer banking solution that brings cannabis businesses & consumers together allowing secure transactions
PotCoin invites dispensaries, doctors, merchants, and suppliers to integrate this currency as a form of payment, rewarding and promotion.