HempCoin was one of the first 30 cryptocurrencies developed in 2014. It is a highly focused digital currency based on Bitcoin with improved payments and security features. HempCoin aims at delivering global liquidity to the Agricultural and Farming sectors, as well as a simple and decentralized payments system for medical and recreational Cannabis, Hemp and Tobacco.
Upon inception, HempCoin was the only cryptocurrency for Agriculture, a trillion-dollar trade business worldwide. The vision was and remains for HempCoin to help facilitate transactions between farmers and distributors overseas.
Our vision is to overcome the HempCoin’s key liquidity issues affecting mainstream adoption and increase usability. The HempCoin is embracing trends in payment technology to provide a real-world banking solution for the legal cannabis industry and easy-to-implement alternative payment solutions for the agricultural and farming industries, industrial hemp industry, cannabis dispensaries, and hemp, cannabis, and tobacco-related retailers.
Banks in the U.S. are not accepting legal cash for hemp transactions, largely in part because it is illegal on the federal level. Our mission is to have a cryptocurrency that can be used for online payment systems and peer-to-peer transaction services including Point-of-Sale systems and card terminals. This coin will directly serve the hemp, cannabis, agriculture, and tobacco industries.
At HempCoin, our end goal is not just to become a payment option during the purchase of cannabis but a primary payment method. In 2018 we aim to offer three payment methods: HempPAY™ Mobile, HempPAY™ Card and HempPAY™Online.
HempCoin will to work together with dispensaries to create incentives for cannabis buyers to choose cryptocurrency as a form of payment over fiat. With our HempPAY™ Mobile and HempPAY™ Card options.
HempCoin is also working with e-commerce solutions such as WooCommerce, Magento, OpenCart, PrestaShop and OSCommerce to provide customers with the option to pay in THC.