Replies to post #1348 on Medical Cannabis Payment Solutions (REFG)

[BERKSHIRE AGENT]

REFG looking like a very nice one here remind me of INT* lows to .70++ cents MrK :)

[DD_dempsey]

California needs the deal between $REFG- $BITCF- $SING

With growing trends towards widespread legalization, Medical Cannabis Payment Solutions announced the launch of the first in-market digital payment solution in November 2017. The product is specially tailored to the needs of dispensaries. The payment solution can track sales, it features encrypted digital security and allows for comprehensive client management.

Here are recent articles of intrigue....

http://www.ibtimes.com/bitcoin-could-help-solve-cannabis-industrys-banking-problems-2566003

This article..where I outlined a few paragraphs below- specifically states the $BITCF and $SING deal using the federal government compliant technology of $REFG -

Basically, businesses can rent bitcoin ATM machines for their stores to help crypto newbies convert cash or credit to bitcoins on the spot. But, according to Klamka, the bitcoin operators often charge up to 10 percent on transactions. Add that to the sky-high taxes marijuana companies have to pay and the challenge of converting bitcoin back to dollars for salaries and suppliers, and it is easy to see why some sellers are skeptical.

“If the food chain adopted [bitcoin], you would see it spread really quickly,” Klamka. In June, First Bitcoin Capital Corp launched an initial coin offering for a blockchain token called Weed, to help smooth out the wrinkles in the industry’s business-to-business transactions.

In the meantime, Klamka often advises companies to buy their own bitcoin ATMs, for around $10,000, which help reduce storage and security costs in the long run and get customers on board with easy access to cryptocurrency. “It’s easier to manage your money digitally than it is in paper form,” he said. Plus, reducing cash stockpiles helps communities stay safe and the privacy features of digital wallets could help employees avoid discrimination from lenders.

Read : Rumors About Anonymous Ethereum Millionaires Raise Questions About Blockchain Privacy

Several companies are also exploring a variety of ways cryptocurrency can also provide solutions across the supply chain. SinglePoint recently raised a $1 million for bitcoin and blockchain services, including a seed-to-sale blockchain system that tracks marijuana products throughout their lifecycle to simplify regulatory compliance and help sellers monitor quality. The plan is to roll that out before September. Next, SinglePoint is also playing with the idea of creating its own B2B cryptocurrency, called SingleCoin, through a collaboration with First Capital.

Next article.....

https://www.cannabisbusinessexecutive.com/2017/12/california-looks-solve-banking-issues-legal-marijuana-nears/



Medical Cannabis Payment Solutions partnered up with First Bitcoin Capital Corporation to enable cryptocurrency payments.
The company has also launched its specialized digital payment platform for dispensaries that ensures full compliance and delivers full-spectrum merchant processing services.
Medical Cannabis Payment Solutions (OTC: REFG) announced that it will integrate First Bitcoin cryptocurrency (“$Weed”) with its StateSourced medical cannabis payment gateway service. The announcement came in November, following a partnership agreement between Medical Cannabis Payment Solutions and First Bitcoin Capital Corporation (OTC: BITCF).

Medical Cannabis Payment Solutions is an industry leader in the field of payment processing for the marijuana industry. Currently, no other company on the market offers a completely integrated payment processing system that’s entirely tailored to the needs of marijuana industry representatives. The company helps rapidly growing businesses in the field by identifying tools that dispensaries need the most and customizing these tools to address the operational specifics in the field.

The partnerships with First Bitcoin Capital Corporation is yet another move in the same direction. Through the collaboration, dispensaries and other companies that work in the marijuana industry will gain another opportunity for payment processing. They will work with both debit cards and prominent cryptocurrencies like $Weed and the well-known bitcoin.

Medical Cannabis Payment Solutions and First Bitcoin Capital Corporation signed a partnership agreement on November 8, 2017. The aim of the agreement is to revolutionize end-to-end compliance solutions. Upon the complete realization of the new project, a platform will be launched to deploy an exchange system. Because of the growing cannabis industry, more flexibility is required in terms of payment processing. The addition of a decentralized cryptocurrency provides an easy opportunity for non-cash payments to be made.

According to Medical Cannabis Payment Solutions representatives, the partnership will enable consumers to overcome many of the regulatory obstacles in the industry. As a part of the project execution, the company has announced that it will buy a block of $Weed in return for a block of REFG restricted common stock.

First Bitcoin Capital Corporation CEO Greg Rubin said that America is shaping up to be one of the world’s biggest marketplaces for the products of the cannabis industry. The partnership with Medical Cannabis Payment Solutions can potentially revolutionize compliance products and the processing of payments in the field.

[the third leg]

MrK, I think we will get a significant company update in January sending this to the .15 to .20 region.
REFG