PotCoin and Dennis Rodman

PotCoin caught my attention when I heard they were sponsoring Dennis Rodman’s trip to North Korea back in June. I’ve been watching them ever since. The North Korea thing was simply a clever marketing strategy. I guess it worked because it got my attention.

PotCoin is an ultra-secure digital cryptocurrency, network and banking solution for the $100 billion global legal marijuana industry.

PotCoin is the first digital currency created to facilitate transactions within the legalized cannabis industry. PotCoin is a community based effort.

PotCoins are digital coins you can send via the internet, which allow cannabis enthusiasts to interact, transact, communicate and grow together.

It’s an interesting concept to help marijuana dispenser merchants (online/Brick&Mortar) to manage transactions in crypto. The majority of them currently deal on a cash only basis as traditional banks will not allow deposits or credit card services. Many stores have been robbed of hundreds of thousands of dollars because of the hordes of unprotected cash.

Taking a look at their newly designed website as of yesterday 8/23/17 they seem to have their act together with solid solutions for merchants. They are early in the game with $27 million dollar market cap in a multi-billion dollar building industry. I think their future looks bright with a lot of growth potential.

Online Shops
(E-Commerce)Accept PotCoin on your e-commerce store using CoinPayments’s easy plugins for all major platforms (Magento, WordPress, etc).

Brick & Mortar Shops
Accept Potcoin at your physical business location using PotWallet’s merchant system. Get paid directly into your PotWallet account.

Twenty-six states and the District of Columbia currently have laws broadly legalizing marijuana in some form. Three other states will soon join them after recently passing measures permitting use of medical marijuana.

So why not just simply accept BitCoin?
They state the transactions are much faster with lower fees and part of a loyal audience.