BitCanna, a decentralized crypto payment network and supply chain for the global legal cannabis industry, has announced a ready plan to unleash a series of its non-fungible token (NFTs) in the next few days.
Notably, in the last few years, BitCanna has gained mainstream adoption from countries that have legalized the usage of cannabis. However, despite the recent spike in interest in the cannabis industry, it is still unbelievable to see cannabis-focused startups experiencing difficulties setting up new businesses.
Just like any other crypto institution, the cannabis industry may face a struggle to access financial services from banks and other financial institutions. These businesses would either be denied financial services directly or incur exorbitant fees to receive goods and services.
But interestingly, BitCanna has successfully identified this global finance challenge and now aims to offer an alternative cashless payment.
New Financial Alternative For Cannabis Industry
Bitcanna is now the new hope for all cannabis companies, offering access to financial services through blockchain. The platform features an application known as ‘BitCanna Pay’, providing instant worldwide access to payments. The application is ten times better than dealing with the restrictions set on credit card companies and banks.
Notably, Bitcanna is a decentralized network built on the Cosmos blockchain (ATOM), spending an average of five seconds to process a transaction and costs less than a cent. The BCNA token will be the power that will be underpinning the Bitcanna network. It harnessed both users and cannabis companies to facilitate payments.
Apart from financial services, Bitcanna assists the cannabis industry and users in tracking and tracing cannabis-related products using blockchain technology. This application ensures enhanced transparency, quality, and secure product.
Launching BitCanna NFT Collection
In its recent crypto development, Bitcanna has said that it will launch a collection of the non-fungible token (NFT) dubbed Buddheads. Bitcanna will airdrop its NFTs in the next few days. There will be 8,420 Buddheads NFTs in circulation once the project is launched. After the highly anticipated auction, the remaining NFTs will be made available for mint on the Stargaze platform, which is a Layer-1 NFT platform.
According to Bitcanna, 50% of all the proceeds from NFT minting will go towards its BCNA. The remaining 50% will be channeled toward the future development of the chain and its features.
The team behind the development of this project now hopes that the new NFTs will serve as an accessible way into the blockchain and cryptocurrency. The team views its NFT as the micro-social network that will be the greater Bitcanna ecosystem.
Nonetheless, the platform has already integrated with various companies to offer blockchain-based financial services and provide access to millions of customers. The integrated sister companies include Zammnesia, Royal Queen Seed, Cibdol, and Kannabia.
Recently, Bitcanna listed the BCNA token on the Osmosis DEX and paired it with ATOM and OSMO with the platform. In the meantime, the team will spend the next twelve months developing its Buddheads NFTs and also expand its payments solution to a global market.
