Security Grade Protective Services Starts Accepting Bitcoin as Payment Option
Security Grade Protective Services, Inc., a full service cannabis industry security firm based in Denver, has started accepting Bitcoin as payment from their clients, the company said in a press release.
Digital currency Bitcoin is gradually being accepted as a payment option globally. Businesses can benefit from it, particularly those that do not want to pay 3%-5% credit card processing fees. The bitcoin payment solution that Security Grade has opted for has only 1% processing fee.
“I do not expect for clients to line up to pay us with this form of payment right away, however a decentralized method of legitimate payment was a logical move on our part considering over half our clientele are cannabis operator licensees”, said CEO Derek Porter in a statement. “This gives them another safer option to pay us in an already risky and cash heavy industry. Now they don’t have to touch the cash, furthermore, they don’t have to pay outrageous merchant service fees."
When asked “why accept bitcoin?” Porter replied, “New cost effective solutions for these up and coming cannabis businesses is a must”.
The move is quite bold for the company and it expects to see traction soon with clientele paying with bitcoin. The security provider thinks that soon the cannabis industry will start accepting safer forms of payment in a “federally illegal space where banking solutions are cumbersome.”