THE HEMP COIN (€THC) is a new digital currency created for the Irish Hemp Industry.
HEMPCOIN is an initiative by the Irish Industrial Hemp Association (IIHA) and its members. (www.IIHA.ie)
Hempcoins aim is to empower, secure and facilitate the legal cannabis community’s transactions by creating a unique cryptocurrency for the thriving industry. To be the banking system and payment infrastructure this industry so desperately needs. To be the digital currency that allows cannabis enthusiasts to interact, transact, and grow together, like nature intended.
HEMPCOINS enable you to purchase products on Irish Hemp websites without the need to use a credit card or make a bank transfer. Unlike regular cryptocurrency, HEMPCOINS do not loose their value.
Hempcoin was launched in mid 2020 with launch partners Hempture, GreeenPayEU and uHemp.
Hempcoin follows the Bitcoin philosophy set out in a whitepaper by the mysterious and pseudonymous Satoshi Nakamoto. Hempcoin offers the promise of ZERO transaction fees over traditional online payment mechanisms and is NOT operated by a central bank unlike government-issued currencies.
“The root problem with conventional currencies is all the trust that’s required to make it work. The central bank must be trusted not to debase the currency, but the history of fiat currencies is full of breaches of that trust, Hempcoin solves that problem”
Many businesses in this Cannabis industry accept cash only, putting their income at risk of being seized, or stolen. It also puts your customers at risk by forcing them to carry cash to deal with you. Hempcoin is digital so funds can be transferred seamlessly from your customer’s digital wallet to yours, keeping both you and your customer safe.
Unlike regular credit card payments that take days to settle into your accounts, Hempcoin payments are accepted in seconds and settled right away.
If your business has somehow managed to get credit card processing, you’re likely paying a premium use use their service. Hempcoin has no fee.
HEMP IS THE FUTURE