GrowPayment ICO Review: The Amazon of Marijuana

What is GrowPayment?

In 2018, cannabis legalization is more popular than ever. With each year, more and more states are legalizing the recreational and medicinal use of marijuana, and the industry is growing exponentially. Cannabis distributors are still limited, however. The industry still receives scrutiny under the US Federal laws, and storage of funds received from state-legalized marijuana sales in federally-insured banks is still problematic.

growpayment icoGrowPayment will serve both as a payment platform and as an online marketplace for marijuana and marijuana-related products. Their goal is to become the Amazon of cannabis. Users will be able to log in, buy and sell products, leave reviews, and make secure transactions through either cryptocurrency or fiat.

Aspects

  • Global Marketplace: GrowPayment will be a global marketplace which means cannabis producers and users will be able to distribute and purchase all around the world. This will greatly open up the cannabis marketplace and allow the market to flourish and grow like it never has before.
  • Access to Market and Sales Data: Due to the open nature of the blockchain and public ledgers, distributors will be able to access valuable market data such as consumer trends, sales data, and more which will allow them to improve their business models.
  • Pay How You Like: GrowPayment will feature a Crypto to Fiat payment processor which will allow consumers and distributors to send and receive payment without any issues. Fiat and crypto will be effortlessly converted during transactions.

What Issue Does it Solve?

One of the biggest issues facing the marijuana industry today is how it will grow and expand. Within the next few years, many more states are headed towards full recreational legalization of cannabis, and with that, people will want an online marketplace. As nice as brick and mortar shops can be, they’re often overpriced since the distributor has to maintain a storefront. It’s also not possible to see customer reviews in a traditional dispensary.

GrowPayment will allow users to shop from the comfort and security of their own homes, read and write reviews on products, and make purchases anonymously. With the introduction of a global marketplace, competition will be better, and prices will be kept competitive and healthy.

Token Sale Information

Disclaimer: All information on this post is made to educate our readers. Don’t invest in any ICO unless you’re confident about its capabilities and do so at your own risk.

Positives
  • GrowPayment’s Crypto to Fiat processor will ensure seamless transactions
  • GrowPayment creates a global marketplace which will allow distributors to expand their business
  • The platform gives cannabis users an easy, inexpensive, and private way of ordering their products

Negatives
  • A service like this may induce some form of government regulation in the future.

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Adam Cole has been a crypto enthusiast for years. First getting involved in Bitcoin mining in late 2010, he has now diversified his portfolio and dug deeper into the alternative coins of the space. As new and exciting ideas arise in cryptocurrency, Jeremy is always looking for the next big thing and a coin which not only appreciates in value but also has a steady increase in use and demand. Jeremy has seen the rise of coins such as Ethereum and by studying the technical and fundamental side of ETH, he has learnt how to find similar coins that are likely to have a bright future.

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