Latest Press Release
POSaBIT in the Headlines
Cryptocurrency and Cannabis: Similar Problems, One Solution? (Dope Magazine, April 2018)
Though over half the United States has legalized cannabis in some form, it’s still a gray area for many states.
3 Ways Cryptocurrencies Are Changing the Marijuana Industry (Motley Fool, February 2018)
Cryptocurrencies are helping to shape a cannabis industry that's facing multiple hurdles, especially in the United States where pot is still illegal at the federal level.
Bitcoin is helping the pot business get over its banking problem (Bloomberg, June 2017)
Cannabis companies are turning to the world's most popular digital currency in an effort to get rid of all that cash.
Pot-Friendly Bitcoin Startup Raises $1.5M (Coindesk, June 2017)
POSaBIT, a Seattle-based digital currency payments startup with a focus on serving legal cannabis outlets, has raised $1.5m in funding.
Bitcoin Lets POSaBIT Solve Cash-Only Cannabis in Washington State (Cointelegraph, March 2017)
A Seattle Bitcoin merchant is seeking to move the local cannabis scene forward from cash-only payments by using the virtual currency instead.
A Pioneer Square Startup Is Using Bitcoin to Let People Buy Pot With a Credit Card (Seattle Weekly, March 2017)
The new system lets cannabis retailers avoid running afoul of the feds.