Alt Thirty Six, a digital payment company has today announced it will integrate cryptocurrency Dash in new industries as a method of exchange between consumers, merchants, suppliers. Alt Thirty Six will first tackle the cannabis industry, where many legally compliant dispensaries across the U.S. will integrate the payments platform directly, or white label it.
Dash has been adopted by more businesses accepting cryptocurrency as a form of payment, primarily due to its InstantSend feature and coming Evolution upgrade.
Many other digital currencies fail to provide the necessary value-added components to accept and operate efficiently focusing strictly on business-to-consumer (B2C) transactions, but neglecting business-to-business (B2B) distribution and the supply chain ecosystem.
In August, Dash partnered with Tempe-based Arizona State University to create a blockchain research lab, Alt Thirty Six is also headquartered in the Tempe area.
“Alt Thirty Six is a tremendous asset for the Dash network because they act as an extension of the network itself – building valuable packages of easy-to-use merchant and consumer services. They are also practical ‘problem-solvers’ that truly understand the legacy payment system’s pain points for specific retail segments. The platform they are building is adaptable to a wide range of business applications, and we believe Alt Thirty-Six will constitute a great channel as we expand into new retail verticals. These are all low-margin businesses that could benefit tremendously from lower transaction costs and the ability to reach new customers.”
“We have several integrated partnerships already, but one of the most exciting is our close partnership with CannTrade, California’s premier cannabis specific B2B marketplace & CRM, which will deliver the first truly comprehensive and expedient banking and digital payment solution for the fastest growing industry in the world. Through this partnership, we will improve the chances of capturing dispensaries and expanding target users beyond dispensaries and patients to now include genetics companies, cultivators, manufacturers, edible companies, brands, and distribution companies. Being able to offer the 36 + Dash platform as a solution, not only to dispensaries but to the entire cannabis business community simultaneously, is a game changer.”