New York, 15/09/22: US-based Posh Markets Inc., has announced the intended launch of PoshCoin, a new cannabis cryptocurrency. With this, the New York-headquartered firm aims to empower marijuana/cannabis enthusiasts to purchase cannabis and other related products easily via its eCommerce platform.
PoshCoin is a new crypto token that will revolutionize the digital economy – mainly selling and purchasing goods in the cannabis sector. This highly decentralized crypto-based digital currency aims to reduce the existing friction points for all the stakeholders involved in the cannabis segment and seeks to become the preferred mode of transaction for marijuana/cannabis fans. Post-launch, this new crypto token will be listed on all the major exchange sites, enabling end users to buy for their intended usage.
Speaking about the launch, Vic Devlaeminck, Chairman of Posh Markets Inc. said, “The cannabis industry is a highly complex one with layers of legal regulations and compliances. As a result, financial institutions are hesitant to get into this sector. PoshCoin will be an easy, secure, and compliant way to facilitate the sale and purchase of cannabis-inspired merchandise.”
The company aims to enhance the purchasing power of consumers with PoshCoin becoming a form of widely accepted payment method. It will surely boost the industry’s trust, credibility, and authenticity.
Additionally, the company is getting ready to launch its eCommerce platform on the same day along with PoshCoin. Echoing the same sentiment, Weston Willet, Vice Chairman of Posh Markets Inc. said, “This will be an exclusive online platform where you can find all things cannabis – from gummies, vape pens, pre-rolls, soft gels, and a host of other products. PoshCoin holders can buy their choice of stuff while witnessing a whole new shopping experience.”
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