POSaBIT

POSaBIT is a Seattle-based financial services company incorporated in 2015.[1] The business created a point-of-sale arrangement for purchasers of legal cannabis in Washington based on conversion of US dollars from a customer's debit card swipe using cryptocurrency.[2][3][4] Since going to market, POSaBIT has introduced a mobile payments solution and a fully integrated and compliant point-of-sale system.[5] In April 2019, POSaBIT went public and began trading on the Canadian Securities Exchange (CSE) under the ticker "PBIT".[6]

## References

1. ↑ https://www.bloomberg.com/research/stocks/private/snapshot.asp?privcapid=328775357
2. ↑ "Ganjapreneurs look to Bitcoin as big banks reject their money", The Cannabist (The Denver Post), June 19, 2017, http://www.thecannabist.co/2017/06/19/cannabis-industry-bitcoin-banking/81860/
3. ↑ Jennifer Kaplan (June 13, 2017), Bitcoin is helping the U.S. pot business get over its banking problem, Bloomberg News, https://www.theglobeandmail.com/globe-investor/investment-ideas/bitcoin-is-helping-the-us-pot-business-get-over-its-banking-problem/article35296873/
4. ↑ Chris Moore (June 20, 2017), "Lack of Legal Banking Options Pushing Canna-Businesses Towards Bitcoin", Merry Jane, https://merryjane.com/news/lack-of-legal-banking-options-pushing-canna-businesses-towards-bitcoin
5. ↑ "Good news for card-carrying potheads: Seattle startup raising funds so you don't have to use cash" (in en-US). 2019-08-05. https://www.geekwire.com/2019/good-news-card-carrying-potheads-seattle-startup-raising-funds-dont-use-cash/.
6. ↑ "POSaBIT Begins Trading on the Canadian Securities Exchange" (in en). 2019-04-08. https://www.businesswire.com/news/home/20190408005426/en/POSaBIT-Begins-Trading-Canadian-Securities-Exchange.

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