Can you buy marijuana with crypto? Key Takeaways. Pot-based operators and consumers can use marijuana-specific cryptocurrencies for their transactions since banks cannot legally conduct pot-related business. Popular marijuana-based cryptocurrencies include PotCoin, CannabisCoin, DopeCoin, HempCoin, and CannaCoin.
How can I buy PotCoin? To buy PotCoin, you need to create a trading pair with the coin of your choice. For example, a person who wants to purchase PotCoin with Bitcoin should use the PotCoin/BTC pair. Then, execute the trade to get the purchased PotCoin in the exchange account.
Who owns PotCoin? One of those entrepreneurs is Joel Yaffe, creator of “PotCoin,” a new crypto-currency that launched January 21 by “PotCoin Systems” a Montreal based software and web development firm.
Why is crypto not doing well? Cryptocurrency is volatile by nature. Because crypto generates no cash flow, traders have to rely on changes in sentiment to drive the price. That means the market can swing between rabid optimism, as it did in early 2021, to pessimistic despair, as it did a few months later.