Cannabis & Crypto Collide as BankLine and B4U Bring Blockchain to the Industry | Crypto

Cannabis & Crypto Collide as BankLine and B4U Bring Blockchain to the Industry

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– BankLine and B4U Financial have partnered to integrate B4U’s proprietary global digital currency payment solution into licensed cannabis-related businesses’ existing Point of Sale (POS) systems across the U.S.
– The B4U payment network easily integrates with an existing POS via API or may operate as an independent solution.
– B4U’s retail-centric POS digital currency payment network operates seamlessly on any internet-connected device, computer, tablet, or mobile phone, providing convenience for consumers to use Bitcoin for in-store, online, curbside, and home delivery payments.
– The “Text To Pay” feature allows customers a convenient, secure, and simple mechanism to collect outstanding balances by allowing clients to pay instantly, including a gratuity, from any device.
– Advantages to the Retailer:
– Attracts a key demographic wishing to conduct transactions with digital currency
– Fees charged to the customer
– No interchange charges to the retailer
– No chargebacks
– Eliminates cash transactions
– Bitcoin can be used as payment when Visa and MasterCard can not
– Settlements are guaranteed
– Settlements can be made in fiat or digital currency
– Comprehensive reporting through the B4U portal
– Complete tracking by POS operator, store, division, state, country, etc.
– Advantages to the Consumer:
– Eliminate the need to liquidate Bitcoin via an exchange
– Reduce conversion fees to customer
– Providing a “peer-to-peer” transaction removes the customer’s tax implication if they were to convert their Bitcoin via an exchange and then use USD for payment
– B4U also offers a Bitcoin gift card which can be sent via email or text from a crypto ATM terminal, online or smartphone to a recipient anywhere in the world (excluding sanctioned countries).
– B4U provides merchants a robust reporting portal to ensure proper tracking of sales, payments, terminal ID, and additional information vital to their back office.
– In addition to medical cannabis, the U.S. continues to legalize the adult use of cannabis, now available in over 7,000 state-regulated dispensaries across the United States.
– BankLine is led by Mark Ochab and brings experience from top Fortune 100 companies, federal agencies, and financial forensics firms.
– B4U is led by CEO T. Jack Williams, inventor of the electronic gift card, CEO of core pre-paid debit card processor, Global Payments SME, who has worked with many large merchants for payment processing.

092ef3c8 be24 4ee7 be93 a60016b8ae9e?size=1 Cannabis & Crypto Collide as BankLine and B4U Bring Blockchain to the Industry

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