Cryptocurrency has been a growing phenomenon, especially over the last five years. Every day new cryptocurrencies are being launched, and aPoshCoin is one of the newest additions to the crypto world. It aims to provide one of the best investment propositions as it is designed and developed to be cannabis-industry-specific. In this blog, we are going to take a closer look at what exactly PoshCoin is and how much worth it is to invest in it, given cannabis industry's predicaments. Read along.
The cannabis industry has always been a subject of speculation and controversies. However, cannabis has several health benefits and exceptional medical qualities, and cryptocurrencies like PoshCoin help access them without compromising the legalities of the federal law.
What is PoshCoin?
PoshCoin is a brand-new cryptocurrency token that will have a significant impact on the online marketplace. It reduces a variety of friction points like legal implications and strict banking regulation, upholds trust, and encourages a better acceptance rate through its decentralized nature. If blockchain technology is extensively deployed, this new but quickly growing industry will profit from a focused and streamlined currency in addition to the assistance of the government.
PoshCoin aims to ease tensions between those working in the cannabis industry by making cannabis available to all via a decentralized payments system. It will distinguish itself from other coins tied to marijuana as it is specifically designed to resolve the transactional issues. PoshCoin, further proposes to expand its market share by offering tools and a top-notch user experience to companies along the cannabis value chain.
Launching platform capabilities, expanding the user base, engaging important industry media assets, and mobilizing a big congregation of distinctive monthly active users are all part of the rapid PoshCoin token acceptance strategy.
Why is it worth investing in PoshCoin?
PoshCoin is set to eradicate unnecessary and expensive transactions by offering entirely decentralized virtual currency that is safe, quick, and compliant with local regulations. With PoshCoin's track and trace feature, which offers a new degree of transparency, users can track the movement of cannabis products from cultivation and sales through delivery to customers. The industry will be more confident, credible, and valid when using a rating system with safeguarded user identities. In addition, PoshCoin provides several other solutions that make it worth it for crypto enthusiasts to invest in it.
Medical usage
To identify patients with legally prescribed medical cannabis, PoshCoin network provides a secure digital ID card. After using identification cards or a driver's license, the prescribing physician's summary of care records must be submitted as part of the identity verification process. The patient's ID and his/her medical background will then be encrypted and hashed to a particular PoshCoin address.
Crowdfunding:
Websites devoted to cannabis-specific crowdfunding appear to make money off this expanding business. Users of PoshCoin's currency will have access to cannabis investment opportunities through its platform. They provide a variety of investment choices, from "plant-touching" activities like retail and cultivation to more "ancillary offerings," sometimes known as the "picks and shovels'' of the industry.
Track supply chain:
PoshCoin has seed-to-shelf tracking features to mimic a vertically integrated network. As a result, it is simpler to determine how the flower evolved, starting with its genetics and moving through its growth, preparation, extraction, and transition to the finished good offered in stores. Additionally, the product's expiration dates will be watched.
CloudPay integration:
Cannabis-related financial transactions will become more straightforward, thanks to the availability of cryptocurrencies and high-risk transaction platforms like CloudPay Technologies. PoshCoin has a wallet and offers solutions for payment gateways in the financial industry and can be . easily purchased with a smartphone. As the volume of digital transactions are increasing, cannabis shops would be sensible to use cryptocurrencies.
Although PoshCoin is a new entrant in cryptocurrency and the cannabis industry, it has exceptionally functional features and highly rewarding propositions that make it a viable investment option. So, PoshCoin is more than worth investing in for the reasons explained above.
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