Shoppers Can Purchase CBD (Cannabidiol) Products Using Cryptocurrencies via Coinbase Commerce


Quick Facts:

  • Buy CBD with BTC, BCH, ETH, LTC and USDC through Coinbase Commerce
  • With CBD, sellers often have a hard time find payment processors, this may bring more CBD Oil sellers to crypto

Users are now able to purchase CBD products using digital currencies such as Bitcoin (BTC), Bitcoin Cash (BCH), Ethereum (ETH), USD Coin (USDC) and Litecoin (LTC). This is according to an official announcement released by No Borders, Inc. In order to be able to accept virtual currency payments, the firm signed a partnership with Coinbase Payments.

No Borders and Coinbase Enable Crypto Purchases of CBD

According to the press release, No Borders (NBDR) has made a case for blockchain technologies and digital currencies. In order for them to expand, it is important for consumers to be active and to use these digital currencies for payments. Now, clients will have crypto payment options in the CBD and Dental industries.

Joseph Synder, the CEO and Director of the company, said:

“I am proud to be announcing our integration of Coinbase and also to now have our amazing products available for purchase in crypto! Taking this step to participate in the cryptocurrency economy with our CBD and Dental Equipment product lines allows No Borders, Inc. (Ticker: NBDR) to begin accumulating and holding various crypto assets on the books as product sell through in crypto gains traction.”

He went on saying that although it is possible to use digital currencies for liquid purposes such as cash, they also believe that certain cryptocurrencies have additional hedging and arbitrage characteristics.

No Borders Naturals, Inc. is a subsidiary of No Borders, Inc. and it provides health and wellness products for consumers and pets. The firm wants to be a leader in alternative wellness product offerings.

Coinbase has allowed over 2,000 merchants around the world to start accepting virtual currencies for goods and services. For example, PrestaShop, WooCommerce, Shopify, Magneto and many other shops are already accepting digital currency payments after partnering with Coinbase Payments.

Also Read: Coinbase Commerce Processes Over $50 Million in Transactions Since Launching in February 2018

As many people in the world of finance know, CBD legalization is all the rage these days with the Hemp Farm Bill passing in late 2018 and now an influx of medical cannabis products are flooding the market. And now, with all of the merchant processing, retailers are having a difficult time staying above board but Coinbase wants to know that any business can now accept payments for CBD via Coinbase Commerce integration. With so many health conditions about cannabidiol, and the payment troubles of today, many CBD suppliers and product pushers could look to crypto as a means of accepting payments as no middle man or third party processor can determine this availability.

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