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Title: Bitcoin & Legal Cannabis Post by: rainforestbrad on March 18, 2018, 11:40:04 PM How would you use Bitcoin to pay for a cannabis transaction with the price not being steady? Example
Legal Cannabis Grower is going to sell legal Cannabis Dispensary 100 pounds of Cannabis flower for 100k. Because the price of bitcoin fluctuates so much on a daily basis that could cause a large problem for payment values. Anyone have any idea how they would come up with a solution? Replies Welcomed! Thanks B- ??? Title: Re: Bitcoin & Legal Cannabis Post by: squatz1 on March 19, 2018, 04:23:53 AM The only solution is to use someone like coinbase, bitpay, etc in the middle to mediate the transaction. What they'd allow you to do is for you to pay x amount in bitcoin (the buyer) and the seller would get x amount in cash, someone has to pay the 1 percent fee in the middle. This allows for bitcoin to be used by people and you don't have to worry about the volatility -- which could be killer when it comes to a business transcation.
So yeah, that's how that works. |