Stablecoins: A solution for every unbanked business out there
▻https://hackernoon.com/stablecoins-a-solution-for-every-unbanked-business-out-there-d09731a65f6
For most businesses, opening a bank account and getting access to a variety of services is a straightforward task.But this is not the case for certain businesses that operate on the fringe of what is seen as acceptable by governments and society at large.The burgeoning #cannabis industry is a case in point. The industry is legal in a number of states in America, yet many of these businesses still can’t access the most basic of banking services.It’s a big problem for an industry that is expected to grow to $16 billion in 2019. Business owners have had to think of imaginative and dangerous ways to store millions of dollars in physical cash.The problem is that while the industry is considered legal in California and other states, most banks cannot offer these businesses services due to (...)