Cannabis-focused crypto startup is launching an NFT community
Similar to crypto institutions, cannabis businesses struggle to access financial services from banks and other payment providers. These businesses would either be denied financial services outright or have to pay exorbitant fees for receiving them.
Utilizing blockchain and cryptocurrency, global blockchain technology company BitCanna offers an alternative in the form of cashless payment.
As mentioned, BitCanna ensures cannabis companies can gain access to financial services through blockchain. Instead of dealing with the restrictions set by credit card companies and banks, cannabis groups can receive payments through BitCanna Pay — an application providing instant, worldwide access to payments.
Built on the Cosmos blockchain (ATOM), BitCanna transactions take an average of five seconds to process and cost less than a tenth of a cent. The network is powered by its BCNA token, which is harnessed by both users and cannabis companies to facilitate payments.
Not only this, but BitCanna assists the cannabis industry and users in tracking and tracing cannabis-related products by utilizing blockchain technology. This to ensure transparency regarding quality and origin to provide information regarding product standards.
To promote its services, BitCanna is launching a nonfubgible token (NFT) collection called Buddheads. Buddheads are to act as a sort of onboarding tool into the BitCanna community. There will be 8,420 Buddheads in total, and many will be airdropped to both the Bitcanna members of the Stargaze community if they meet certain requirements. Stargaze is a layer-1 NFT platform on the Cosmos blockchain. Any Buddheads leftover from the airdrop will also be available for mint on the Stargaze platform.
BitCanna will convert
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