Wayv launches Payments, the first all-digital payment solution for the cannabis market

TechCrunch | 12/11/2019 | Staff
cobra662cobra662 (Posted by) Level 3
Click For Photo: https://techcrunch.com/wp-content/uploads/2019/10/Keith-McCarty-WayvDSC03839.jpg?w=600

Wayv is taking a big step towards mainstreaming the cannabis industry. Wayv Payments, launching today, is said to be the first digital, compliant payment solution for the cannabis supply chain. From growers to distributors to consumers, this solution should reduce the entire industry’s reliance on stacks of cash by providing a credit-card like transaction to all. More so, Wayv Payments is compliant with California’s stringent laws, allowing companies to redirect capital from compliance management.

This is the latest project from Wayv, which launched its distribution product a few months back. With both systems in place, Wayv is set to be a major force in the cannabis market — a familiar position with founder Keith McCarty who also founded Eaze.

Wayv - Hypur - Project - Payments - Companies

Wayv is working with Hypur on this project. Wayv Payments gives cannabis companies a line of credit that will allow the businesses to have predictability around payments without paying any payment fees. The solution provides customers with complete transparency around payments. The dashboard enables customers to see incoming and outgoing payments as well as computing taxes and fees.

“Businesses will no longer be beholden to inefficient and unpredictable payments with WAYV as the industry’s facilitator and partner,” said WAYV CEO and Founder Keith McCarty said in a released statement. “We provide a turnkey solution that is the most efficient, least costly way to exchange capital...
(Excerpt) Read more at: TechCrunch
Wake Up To Breaking News!
Sign In or Register to comment.

Welcome to Long Room!

Where The World Finds Its News!