Cannabis merchants partnering with RocketFuel will benefit from low transaction fees and complete payment security
SAN FRANCISCO, July 26, 2021 /PRNewswire/ — RocketFuel (OTC: RKFL) (“RocketFuel” or the “Company”), a global provider of one-click online payment options using Bitcoin and 50+ other cryptocurrencies, today announced that it will be making its payment solution available to be used by licensed cannabis dispensaries and merchants. Integrating RocketFuel into the merchant’s payment checkout will ensure that, unlike the typical cash transactions which come with security and logistical problems, merchants can accept crypto payments from users who have cryptocurrencies in a private wallet or in certain crypto exchange accounts. This service will even cover online delivery orders if they fall under permissible local regulations. RocketFuel will be compliant with FinCEN guidance on providing financial services to the cannabis industry.
RocketFuel Blockchain official logo. (PRNewsfoto/RocketFuel Blockchain Inc.)
Cannabis merchants partnering with RocketFuel will benefit from low transaction fees and complete payment security.
Due to laws at the Federal level restricting the presence of banks within the cannabis sector, merchants and businesses have long struggled to offer convenient payment mechanisms to their shoppers – many of whom are used to paying online but often can’t when it’s a cannabis store.