The CanCoin Project begins onboarding retailers and payment merchants

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The payment alternative for the cannabis industry is starting to gain traction

New major retailers within the legalized cannabis industry are already beginning to be included as part of the CanCoin project. This will give them the opportunity to use the CANNA wallet and $CANNA token as payment, offering a unique payments solution for the cannabis industry.

According to the latest updates, the CanCoin project is getting off on the right foot, incorporating retailers, partners and merchants so they can use the services as part of their payments. It is reported that discussions are still ongoing with hundreds of industry-related companies, such as manufacturers, dispensaries, distributors, service providers and many others.

The main objective of this project is that thousands of merchants will have the opportunity to integrate $CANNA tokens into their payment platform within the next six months. By realizing this adoption, it opens a path for both merchants and payment retailers to have the ability to transact with lower than traditional transaction fees, improved protection, increased profitability, and enabling potential expansion opportunities for buyers for whom their services and products were once inaccessible.

“The industry has truly embraced CANNA and its ambition, surely because the rest of the financial industry treats legal cannabis like an outcast. Also, because it’s far more effective to use the industry token as payment rather than any other currency and its complexity in fees and transactions.”. Daniel Daboczy, CEO of CanCoin, said. “We are confident that the mass onboarding of legalized cannabis businesses into our ecosystem will solve the existing market friction and monetization issues between the consumers, retailers as well as the payment providers within the legalized cannabis ecosystem.”