PSYC Corporation (PSYC)

[FreddyJ_30]

I think they removed wallet to wallet transactions because of the issue I reported to them a while back. If you wanted to send money to someone in your contacts who didn't have the app yet, you could have the app send them a text message. But this would provide them information about QuickCard instead of MTrac. If they already had the app installed then it worked sending money to other Mtrac wallets, but still I don't think it would have been feasible for merchants to allow customers to transact directly with their wallets like I was able to with my friend when we were testing the app. I mean before, you were able to request money from people in your contacts who had the app and I don't think a dispensary would want to have to deal with rejecting money requests from a bunch of hooligans.

I think this is one of the caveats to using GreenBox's platform because there is a shared infrastructure backend and it was likely impossible for GreenBox developers or too expensive for GOHE to have them seperate more of the backend infrastructure to address this. So I think the move with Cultivate was a strategically good one.

That's why this I'm delighted by this news because they are trying to address the holes that exist if they just stick with the ways GreenBox's allows users to exchange money!