MIAMI, Aug. 30, 2022 (GLOBE NEWSWIRE) — BankLine and B4U Financial have partnered to integrate B4U’s proprietary global digital currency payment solution into licensed cannabis-related businesses’ existing Point of Sale (POS) systems across the US
A seamless digital payment solution
The B4U payment network is easily integrated with an existing POS via API or can function as an independent solution.
B4U’s retail-centric POS digital currency payment network works seamlessly on any Internet-connected device, computer, tablet or mobile phone, giving consumers the convenience of using Bitcoin for in-store, online, curbside and home delivery payments. The “Text to Pay” feature provides customers with a convenient, secure and easy mechanism to collect outstanding balances by allowing customers to pay instantly, including a tip, from any device.
Advantages for the retailer
- Attracts a key demographic who want to transact with digital currency
- Fees charged to the customer
- No exchange fees to the dealer
- No refunds
- Eliminates cash transactions
- Bitcoin can be used as payment when Visa and MasterCard cannot
- Settlement is guaranteed
- Settlement can be made in fiat or digital currency
- Comprehensive reporting through the B4U portal
- Complete tracking of POS operator, store, department, state, country, etc.
Benefits for the consumer
- Eliminate the need to liquidate Bitcoin via an exchange
- Reduce conversion fees to the customer
- Providing a “peer-to-peer” transaction removes the customer’s tax implication if they were to convert Bitcoin via an exchange and then use USD for payment
Bitcoin gift cards
B4U also offers a Bitcoin gift card that can be sent via email or text from a crypto ATM terminal, online or smartphone to a recipient anywhere in the world (except sanctioned countries).
Robust reporting portal
B4U provides merchants with a robust reporting portal to ensure proper tracking of sales, payments, terminal ID and additional information important to their back office.
Implications for medical cannabis
In addition to medical cannabis, the United States continues to legalize the use of cannabis for adults, now available in over 7,000 state-regulated dispensaries across the United States.
As digital currencies and cannabis continue to flourish, B4U’s POS solution delivers a comprehensive payment mechanism for retailers, growers and consumers.
Management
BankLine is led by Mark Ochab and brings experience from top Fortune 100 companies, federal agencies and financial investigative firms. This seamless blend of banking industry experience and regulatory compliance gives BankLine the ability to offer customers unparalleled crypto-friendly banking services.
B4U is led by CEO T. Jack Williams, inventor of the electronic gift card, CEO of core prepaid debit card processor Global Payments SME, who has worked with many major payment processing merchants. Mr. Williams founded B4U Financial in 2017. B4U Financial is a leader in the liquidity of cryptocurrencies. Consumers and businesses benefit from B4U solutions that provide liquidity through ATMs and merchants in the regular market.
About B4U Financial LLC
B4U Financial is a leading provider of cryptocurrency services. The company offers a complete, end-to-end solution for bitcoin, USDT and USDC processing, including purchases, branded payment card loads, IBAN account transfers, B4U prepaid debit cards and a global platform designed to meet purchasing and liquidity requirements.
For more information, please visit b4ufinancial.com.
About BankLine
BankLine is the only crypto-friendly banking solution that offers a portfolio of redundant financial institutions willing to serve the diverse needs of the crypto industry. BankLine’s network of crypto-friendly banks and services helps reduce the threat of bank failure and offers ongoing, sustainable and scalable banking and support services.
Each BankLine customer has a direct relationship with an FDIC-insured depository institution. The accounts are titled in the business entity’s name and are exclusive to the entity’s activity.
By contracting with more than 350 money vault facilities managed by Loomis, Brinks and Garda. BankLine’s banks currently provide service to more than 29,000 BTM locations in the continental United States, Hawaii, Alaska and Puerto Rico.
In addition, BankLine’s partner banks provide over-the-counter services for online crypto companies.
For more information, please visit bankline.com.
Media contact:
Andy Benjamin
1-800-409-1647
[email protected]
Related images
Image 1: BankLine & B4U bring crypto payments to cannabis
BankLine and B4U Financial have teamed up to provide cannabis-related businesses with an integrated retail point-of-sale (POS) solution with digital currency payments.
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BankLine and B4U bring crypto payments to cannabis
