According to Michael Telvi, Bitcoins and Cannabis are a perfect match for each other. As we know, most of the banks are not ready to work with cannabis industry because it is not legal on the federal level while it is legal in a few states. Therefore, bitcoins plays a role of a bank for the cannabis industry. And this is the reason, the cannabis industry is chossing bitcoins for safer transactions. In this way, it becomes easy for people to buy cannabis from Bitcoins.
Here are few reasons by Michael Telvi why bitcoins and cannabis are a perfect combination
Bitcoins payments are Anonymous
Bitcoin payments are often defined as anonymous because you can easily receive and send bitcoins without revealing any personal identifying information. They are safe, secure, and best choice for those who don’t want anyone to interfere in their business. Not everyone knows that bitcoins transactions are only connected to the wallet they are done. Therefore, unless you don’t connect your wallet to your real identity, transactions are pretty much anonymous.
Bitcoin Network is Safe & Secure
Needless to say, anyone who possesses bitcoin makes sure it is safe and secure. However, as long as you keep your wallet secure, it’s nearly impossible for anyone to steal your Bitcoins. They’re fully coded and most wallets require a 2-stage authentication to transfer funds. Therefore, you don’t need to worry about identity theft or credit card fraud when using cryptocurrency. And for extreme protection, it is advisable to store the Bitcoins in multiple wallets including one that’s hardware based.
Major discounts for using bitcoins
Whether you are planning to buy cannabis seed or any other marijuana products from bitcoin, you can save a lot. A number of businesses sell cannabis online across the world through bitcoin transactions. Moreover, you can avail various discounts on cannabis through such websites. However, you should grab the deals and discounts from the sites you trust. And, no doubt, a trust may take time to build. So, before you choose any site to buy a product on discount, make sure about their credibility and market reputation.
Cheap and instant international payments
Making a transaction through a bank is time-consuming and expensive too. In the case of an international transaction, banks can increase fee and it can take anywhere from a few hours to several days for your payment to arrive. Whereas, if you pay with bitcoins, you have to pay a little transaction fee and recipients can see the coins in their wallet in a fraction of seconds.
Cannabis more easily accessible with bitcoins
The usage of bitcoins is increasing because it is easier to get. You will find various sites on the internet like LocalBitcoins, Coinbase and circle, etc., who offer such services to the buyers. In fact, new Bitcoin ATM machines are also available in major cities that promise to make it easy for you to fill up your wallet. If you are getting something with ease, what more could you ask for?
So, now it is easy for everyone to buy cannabis from Bitcoins through online without much effort. Furthermore, can do payment in a fraction of seconds without breaching safety and security. And these are the reasons why Michael Telvi says Bitcoins and Cannabis are a perfect combination.