– BankLine is partnering with cannabis-friendly financial institutions to provide nationwide armored cash logistic services to Crypto ATM operators within licensed cannabis dispensaries.
– This partnership presents a new opportunity for Crypto ATM expansion in the United States, which currently hosts the highest number of Crypto ATMs of any country in the world.
– U.S. financial institutions have been reluctant to accept cash deposits from Crypto ATMs placed within licensed cannabis dispensaries due to compliance concerns. However, working with BankLine, these institutions can be confident that their clients will maintain the highest compliance standards.
– The confluence of cannabis and Cryptocurrency presents a positive step forward, as Cryptocurrency transactions are permanently recorded on the blockchain, providing an immutable and traceable record of transactions.