SKY440 Inc (SKYF)

[Sibware]

$SKYF: BITCOIN-MMJ-M&A-2 NEW WEBSITES & CURRENT VERY SOON ==>



FILINGS AND UPDATED PROFILE OUT TODAY, SEPTEMBER 18TH, 2017



FROM LAST QUARTERLY PAGE 15 HERE:



http://www.otcmarkets.com/stock/SKYF/filings

No Dilution done in 2017, confirmed by emails from 2 shareholders lately here:





Gotta love the Great DD Team Work here
Filings coming IN soon will reveal the exact O/S and Float numbers

Won't be long to know what the most recent SS IS, cuz
Last Tweet stated co. was granted access to upload documents





SKYF IS MMJ, CRYPTO and M&A ACCORDING TO THIS TWEET



Reinstatement done on Nevada SOS since that annoncement





Just need to go current on OTC Website, remove the CE and PR(s) to follow now.
2 New Websites to be operational soon also.





http://sky440.com/
http://sky4pay.com/
https://twitter.com/sky440inc




Cryto data developments for MMJ Divsion, and sky4pay as the title of a new website suggest some kind of Bitcoin Payments to circumvent the banking problems


Bitcoin Is Helping the Pot Business Get Over Its Banking Problem

13 juin 2017 à 05:00 UTC-4

Digital currency lets marijuana buyers pay with credit cards
Cannabis sellers find solution to problem of too much cash

Cannabis companies are turning to the world’s most popular digital currency in an effort to get rid of all that cash.

The inability to access traditional financial institutions is one of the marijuana industry’s biggest impediments. Legal cannabis was a $6 billion industry last year and is expected to grow to $50 billion by 2026, according to Cowen & Co. But because pot is illegal under federal law, big banks and credit-card companies steer clear. That’s forced most merchants to accept cash only, a logistical headache and constant security threat.

Enter bitcoin, the cryptocurrency that consists of digital coins “mined” by computers solving increasingly complex math problems. At least two financial-technology startups, POSaBIT and SinglePoint Inc., use the cryptocurrency as an intermediate step that lets pot connoisseurs use their bank-issued credit cards to buy weed.

“There’s no industry -- whether it’s the production and sale of cannabis or the production and sale of a cup of coffee -- that can operate safely, transparently or effectively without access to banks or other financial institutions and traditional services,” said Jon Baugher, co-founder of POSaBIT, whose technology is used by 30 dispensaries in Washington state. “That’s where we thought we could leverage the use of digital currency.”



Trove Cannabis, one of the Washington stores using POSaBIT, sold $3 million of marijuana last year -- in cash -- and does close to 3,000 transactions weekly. Trove became a POSaBIT customer in February after being on a waitlist for six months, according to Yin-Ho Lai, Trove’s founder and chief executive officer. Since doing so, about 13 percent of customers have chosen to pay with credit or debit cards, Lai said, and those who do tend to spend more.

Here’s how it works:

Once a customer decides on which marijuana product to buy, an employee asks if he or she would like to use cash or digital currency, Lai said. If the buyer prefers the latter, the Trove employee explains that the customer can use a credit card to buy bitcoin through a POSaBIT kiosk, with a $2 transaction fee tacked on.

The customer, who would now own bitcoin equal to the value of the purchase, can then redeem the currency in the store. Or the buyer can keep their bitcoin and use it anywhere else that accepts the currency. If the customer finishes the purchase in the store, POSaBIT, which pockets the transaction fee, then sends the value in U.S. dollars to Trove’s bank account.

https://www.bloomberg.com/news/articles/2017-06-13/pot-entrepreneurs-look-to-bitcoin-as-big-banks-stay-on-sidelines



Another article here about the convergence of Venture Capital and Cryptocurrency as the future of cannabis investing

Colorado Cannabis Operations Begin Banking With Bitcoin

Across the United States, cannabis operations are now becoming common. However, cannabis business owners from fully-legalized states such as Washington and Colorado are having a hard time cashing in on their frowned-upon weed businesses. According to Motherboard, one Colorado hemp farmer is turning to bitcoin and teaching others how to leverage the decentralized currency.

Legal Cannabis Businesses Still Experience Discrimination

Cannabis is legal in a couple of states now, but it’s not the “easy money” everyone thinks. In fact, in Colorado, many businesses have had a hard time dealing with large sums of cash, credit card services and PayPal. For more than a year now, merchants have been looking for a way to deposit significant amounts of money. However, the banking industry under the U.S. Federal Reserve wants nothing to do with cannabis money, because marijuana is still illegal at the federal level.

Groups of people in Colorado have even tried to form their own marijuana credit union, but bureaucrats squashed the effort. Furthermore, indirectly-related merchants are seeing their accounts frozen or shut down for dealing with cannabis-related sales. PayPal and credit card companies are infamous for censoring products and services they don’t approve of.

According to a recent Motherboard report, cannabis business owners are either opting out from using banks or lying about their operations. The article detailed that many business operators keep activities secret, but eventually these merchants are getting caught. One such person is Tim Cullen, owner of the Colorado Harvest Grow Op. When Wells Fargo figured out Cullen’s funds paid for cannabis operations, the banks shut his account down. The bank also closed the accounts of family members related to Cullen.

Bitcoin to the Rescue

Another cultivator who also had monetary issues is 38-year old Veronica Carpio, who works in the hemp farming business. Carpio, the first female dispensary owner in Colorado, has turned to bitcoin to escape the ongoing censorship. After using PayPal for her business operations, the payments processor closed her account and froze her money for six months. Carpio told Motherboard her situation during the CryptoCannabis Conference in Denver stating:



After realizing that PayPal could stunt her business operations, Carpio said she began to study blockchain technology and Bitcoin. Following this, she integrated Bitcoin into her operations using Mycelium for processing transactions. Carpio said it was easy to use Mycelium’s software and integrate Bitcoin into her shop’s infrastructure, but getting people to use the digital currency was a little harder.

The Creation of 1620 Solutions

After discovering Bitcoin’s censorship-resistant features, Carpio said it was still difficult for old school hemp farmers to understand. Some people had the notion that bitcoin was “illegal, imaginary and really doesn’t work,” Carpio told Motherboard. So Caprio took things further by co-founding an educational resource 1620 Solutions. The consulting operation details the many benefits of cryptocurrency such as no bank accounts required, no third parties, lower processing fees, and more. The platform has come up with a step-by-step solution for cannabis operations to integrate bitcoin.

Carpio’s co-founder Edgar Hamm, a biodynamic hemp farmer, believes 1620 Solutions is an excellent alternative to the cannabis banking problem. “If we’re going to move toward a future that is actually sustainable then we need to move towards things like bitcoin. It moves everything back to local,” Hamm explained.

With bitcoin, the future is bright because it offers a system that doesn’t judge businesses by their operations. The network runs 24/7 without a government, corporation, or boardroom controlling its transactions. Bitcoin is the peer-to-peer solution for the cannabis banking problem that takes the money out of the hands of central banks and bureaucrats. Thanks to individuals like Veronica Carpio, Edgar Hamm, and educational sources like 1620 Solutions, cannabis farmers can evolve their business operations and maintain their livelihood.

https://news.bitcoin.com/colorado-cannabis-banking-bitcoin/



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