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$REFG Medical Cannabis Payment Solutions to Begin Processing Payments in Bitcoin
Medical Cannabis Payment Solutions to integrate Bitcoin payments in its state-of-the-art payment processing system



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January 11, 2018 06:33 ET | Source: Medical Cannabis Payment Solutions
LAS VEGAS, Jan. 11, 2018 (GLOBE NEWSWIRE) -- via NetworkNewsWire -- Medical Cannabis Payment Solutions (OTC:REFG), a Nevada corporation that specializes in state-of-the-art financial services structured to serve the medical cannabis and banking industry, announced today it will soon process payments in Bitcoin. The development goes beyond the current version of the merchant app, which is currently available to state-licensed marijuana establishments.

“Traditional banking systems do not allow state-sanctioned marijuana to access their payment systems,” said Jeremy Roberts, CEO of Medical Cannabis Payment Solutions. “The feedback we have received indicates that the opportunity is bigger than just cashless electronic payments in US currency.”

Medical Cannabis Payment Solutions was developed to solve this major problem in state-sanctioned marijuana: banking and cashless payments. The company already has its payment processing technology, Green, available to cannabis locations across the nation. Green offers clients a cutting-edge payment solution that allows consumers to buy items using US currency and will soon allow Bitcoin.

Sean Hullinger, Chief Legal Officer at Medical Cannabis Payment Solutions, said, “The payment system will offer a unique Bitcoin payment option enabling consumers to easily use the digital currency to make purchases. This process allows stores to accept not only electronic payments in US dollars, but also digital currency (instead of cash only). We are working hard and intend to rapidly become Bitcoin-acceptable in transactions.”

“Our security, regulatory compliance and pricing give us a huge competitive advantage,” added Mr. Roberts. “The ability to process Bitcoin will make us that much more attractive to marijuana establishments and, perhaps more importantly, their clients.”

https://globenewswire.com/news-release/2018/01/11/1287238/0/en/Medical-Cannabis-Payment-Solutions-to-Begin-Processing-Payments-in-Bitcoin.html

MrK