LAS VEGAS, Jan. 11, 2018 (GLOBE NEWSWIRE) — via NetworkNewsWire — Medical Cannabis Payment Solutions (OTC:REFG), a Nevada corporation that specializes in state-of-the-art financial services structured to serve the medical cannabis and banking industry, announced today it will soon process payments in Bitcoin. The development goes beyond the current version of the merchant app, which is currently available to state-licensed marijuana establishments.
“Traditional banking systems do not allow state-sanctioned marijuana to access their payment systems,” said Jeremy Roberts, CEO of Medical Cannabis Payment Solutions. “The feedback we have received indicates that the opportunity is bigger than just cashless electronic payments in US currency.”
Medical Cannabis Payment Solutions was developed to solve this major problem in state-sanctioned marijuana: banking and cashless payments. The company already has its payment processing technology, Green, available to cannabis locations across the nation. Green offers clients a cutting-edge payment solution that allows consumers to buy items using US currency and will soon allow Bitcoin.
Sean Hullinger, Chief Legal Officer at Medical Cannabis Payment Solutions, said, “The payment system will offer a unique Bitcoin payment option enabling consumers to easily use the digital currency to make purchases. This process allows stores to accept not only electronic payments in US dollars, but also digital currency (instead of cash only). We are working hard and intend to rapidly become Bitcoin-acceptable in transactions.”
“Our security, regulatory compliance and pricing give us a huge competitive advantage,” added Mr. Roberts. “The ability to process Bitcoin will make us that much more attractive to marijuana establishments and, perhaps more importantly, their clients.”
About Medical Cannabis Payment Solutions: Our mission is to provide end-to-end management, across multiple management systems, for medicinal marijuana operations. Many medicinal marijuana companies have experienced such rapid growth that they are finding it difficult to manage all aspects of their operation. In order to become a successful and compliant medicinal marijuana operation, effective management must depend on many different systems. REFG solves the fragmentation problem by identifying tools that are important to dispensaries, and customizing those tools specifically to the industry. We strive to create awareness within the medicinal marijuana industry and to develop an environmentally friendly, economically sustainable business while increasing shareholder value. For more information, please visit the company’s website at www.refg.co
FORWARD-LOOKING STATEMENT: This press release may contain certain forward-looking statements and information, as defined within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934, and is subject to the Safe Harbor created by those sections. This material contains statements about expected future events and/or financial results that are forward-looking in nature and subject to risks and uncertainties. Such forward-looking statements by definition involve risks, uncertainties and other factors, which may cause the actual results, performance or achievements of REFG to be materially different from the statements made herein.
Medical Cannabis Payment Solutions, Inc.