Dash-powered cannabis payments solution Alt Thirty Six has recorded significant B2B transaction volume through a new cash management solution.
Funded in part by the Dash treasury, Alt Thirty Six is a Dash-exclusive payments solution company specifically targeting the legal cannabis industry, which faces several banking issues, particularly in the United States.
The company has recently rolled out a new cash management solution, allowing cash-heavy dispensaries to schedule a pickup to exchange their cash for Dash, which is then used to pay suppliers via the platform, according to president Lauren Murphy: “Alt Thirty Six recently added a Cash Management Solution that includes vaulting, cash transportation and conversions. Cash to Dash conversion services provide wholesale technology platforms similar to CannTrade a funding mechanism to their online environment, allowing cash-intensive cannabis businesses to enter the banking system and pay digitally for wholesale orders.”