![]() It turns these businesses into targets for theft and violence, which has received a great deal of media coverage. Another bonus to utilizing cryptocurrency as a form of consumer payment is that transactions cannot be charged back to the merchant after the sale.įirst and foremost, the storage and transportation of physical cash is a huge security risk for those in the cannabis industry. Also, businesses using our technology completely avoid paying the standard 2-3% interchange fees for processing typical on credit card networks. Tokes (TKS) transactions settle on the network in less than 30 seconds on average, and cost less than 1 cent per transaction regardless of the full dollar value of the transaction (Bitcoin costs more per transaction). There are several benefits to using Tokes (TKS) over Bitcoin from a technological perspective as well. Lastly, Tokes transactions are far faster and cheaper than Bitcoin at the present time, making Tokes an ideal solution for point of sale payments. Tokes provides the tech, educates the industry on how to use it, and provides support when necessary. Bitcoin has no such set of advocates pounding the pavement to garner adoption. While development of user friendly software is key to adoption, Tokes is marketing and deploying the software directly to merchants and consumers. ![]() By targeting an industry with a banking problem (cannabis), Tokes is taking cryptocurrency technology and producing easy-to-use solutions that solve specific payment needs for the industry. Multichain Ventures however, is a business, but also part of the larger socioeconomic movement of cryptocurrency. While we advocate for Bitcoin adoption, it is important to remember that Bitcoin is a protocol, not a company.
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