Before it was turned into an investment possibility the invention of Bitcoin promised to usher in a world where anyone can pay for anything they like without a need for getting prior approval from the powers that be. The demand for uncensorable transactions still exists, and the latest example of this comes from Israel where the largest cannabis community market has turned to btc payments.
Telegrass to Accept Bitcoin Payments
Telegrass, an Israeli community-based cannabis marketplace with 100,000+ members, has announced earlier today on social media that it will start charging merchants for some services, offering discounts for btc payments. The community works to promote the legalization of the recreational use of cannabis in Israel and offers a platform to connect buyers & sellers via the Telegram network. Merchants may still list their products for free in one city but will have to pay to expand their coverage.
The new funds raised with bitcoin are meant to help pay the Telegrass staff, which have been working as volunteers so far, and further the public legalization efforts. The marketplace has been the target of continued police attention for working to provide anonymity to buyers as well as greater security for sellers, offering client verification methods that are meant to weed out undercover cops.
While the recreational cannabis market in Israel has been going through a fairly slow decriminalization process, the legal cannabis market has been growing fast in recent years. “Canna Tech” startups have sprung up, agricultural companies have established very sophisticated farms to supply pharmacies around the world with medical marijuana, and Israeli investors have been clamoring to get in on this action. Stocks related to the field have experienced superb performance, and analysts will often compare them to investing in bitcoin-related ventures as the two hottest trends.