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This pot shop, called Helping Hands Herbals, has set themselves apart from the hundreds of others in the state by enabling customers to buy marijuana using Bitcoin. People paying for cannabis with Bitcoin is hardly a new phenomenon. In that regard, not so much has changed. With federal laws still restricting retailer access to bank accounts , Bitcoin and other cryptocurrencies present an attractive alternative to cash.
As I found out at Helping Hands Herbals, paying with cryptocurrencies is pretty easy too. I simply scanned a QR code, typed in the payment amount, confirmed the transaction, and I was good to go. After making the purchase, I sat down with shop co-owner, Brooke bitcoinmom , and we discussed her motivation for accepting cryptocurrencies at the dispensary. She starts by explaining some of the inherent dangers of running a cash-only business, which brings with it extra operational costs such as armed guards and high-end safes for storage.
Simply put, digital currencies are a lot easier and cheaper to secure than cash. Perhaps even more difficult to overcome is the fact that most present-day cryptocurrency holders see crypto as an investment and are reluctant to part ways with their holdings for an everyday transaction. To do so, enter your account email here: If you have any problems or questions, please just email support at bitcoinbuilder dot com. Then on August 31st they put out another update which set September 15th as the last date they will process transfers of claims.
Although that implies they're getting closer to a distribution, they have yet to set a deadline for it, and talking to various exchange partners they still have yet to hear anything on the actual mechanics of the pay out. Fingers crossed there's an update soon and fingers crossed we could actually get our money by the end of this year still? What does that mean?
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