BankLine and B4U Bring Crypto to Cannabis

Press Release
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Aug 30, 2022

MIAMI, August 30, 2022 (Newswire.com)
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BankLine and B4U Financial have partnered to combine B4U’s proprietary international digital foreign money cost answer into licensed cannabis-related companies’ present Point of Sale (POS) techniques throughout the U.S.

A Seamless Digital Payments Solution

The B4U cost community simply integrates with an present POS by way of API or could function as an impartial answer.

B4U’s retail-centric POS digital foreign money cost community operates seamlessly on any internet-connected gadget, pc, pill, or cell phone, offering comfort for shoppers to use Bitcoin for in-store, on-line, curbside, and residence supply funds. The “Text To Pay” characteristic permits prospects a handy, safe, and easy mechanism to acquire excellent balances by permitting shoppers to pay immediately, together with a gratuity, from any gadget.

Advantages to the Retailer

• Attracts a key demographic wishing to conduct transactions with digital foreign money
• Fees charged to the client
• No interchange costs to the retailer
• No chargebacks
• Eliminates money transactions
• Bitcoin can be utilized as cost when Visa and MasterCard cannot
• Settlements are assured
• Settlements could be made in fiat or digital foreign money
• Comprehensive reporting via the B4U portal
• Complete monitoring by POS operator, retailer, division, state, nation, and many others. 

Advantages to the Consumer

• Eliminate the necessity to liquidate Bitcoin by way of an trade
• Reduce conversion charges to buyer
• Providing a “peer-to-peer” transaction removes the client’s tax implication in the event that they have been to convert their Bitcoin by way of an trade and then use USD for cost

Bitcoin Gift Cards

B4U additionally affords a Bitcoin present card which could be despatched by way of e-mail or textual content from a crypto ATM terminal, on-line or smartphone to a recipient anyplace on the planet (excluding sanctioned nations).

Robust Reporting Portal

B4U gives retailers a strong reporting portal to guarantee correct monitoring of gross sales, funds, terminal ID, and further info important to their again workplace. 

Implications For Medical Cannabis

In addition to medical hashish, the U.S. continues to legalize the grownup use of hashish, now obtainable in over 7,000 state-regulated dispensaries throughout the United States.

As digital currencies and hashish proceed to flourish, B4U’s POS answer delivers a complete cost mechanism for retailers, growers and shoppers.

Leadership

BankLine is led by Mark Ochab and brings expertise from prime Fortune 100 firms, federal companies, and monetary forensics corporations. This cohesive mix of financial institution trade expertise and compliance regulation affords BankLine the chance to supply prospects unparalleled crypto-friendly banking providers.

B4U is led by CEO T. Jack Williams, inventor of the digital present card, CEO of core pre-paid debit card processor, Global Payments SME, who has labored with many massive retailers for cost processing. Mr. Williams based B4U Financial in 2017. B4U Financial is the chief within the liquidity of cryptocurrencies. Consumers and companies are benefiting from B4U options offering liquidity through ATMs and retailers within the mainstream market.

About B4U Financial LLC

B4U Financial is a number one cryptocurrency providers supplier. The firm affords an entire, end-to-end answer for bitcoin, USDT and USDC processing, together with purchases, branded cost card hundreds, IBAN account funds transfers, B4U pay as you go debit playing cards and a world platform designed to meet buy and liquidity necessities. 

For extra info, please go to b4ufinancial.com.

About BankLine

BankLine is the one Crypto-friendly banking answer that gives a portfolio of redundant monetary establishments prepared to serve the numerous wants of the crypto trade. BankLine’s community of crypto-friendly banks and providers helps mitigate the specter of financial institution discontinuance and gives ongoing, sustainable, and scalable banking and help providers.

Each BankLine buyer has a direct relationship at an FDIC-insured depository establishment. The accounts are titled within the business entity’s title and are unique for the entity’s exercise.

By contracting with greater than 350 money vault services managed by Loomis, Brinks, and Garda. BankLine’s banks at present present service to greater than 29,000 BTM places within the continental U.S., Hawaii, Alaska and Puerto Rico.

In addition, BankLine’s accomplice banks present over-the-counter providers for on-line crypto firms.

For extra info, please go to bankline.com.

Media Contact:

Andy Benjamin
1-800-409-1647
gross [email protected]

Source: BankLine