HempCoin (THC) is a cryptocurrency that runs on a blockchain, similar to Bitcoin. THC was created in 2014 to serve as a payment solution for businesses in the agriculture, hemp, legal cannabis, and tobacco industries. HempCoin is currently traded on one of the largest digital currency exchanges in the world, Bittrex.
Consumers can easily purchase goods and services using THC, online and in-person, from businesses accepting HempCoin.
Upon inception, HempCoin was the only cryptocurrency for agriculture, a trillion-dollar trade business worldwide. The vision was and remains for HempCoin to help facilitate transactions between farmers and distributors overseas and across borders.
To overcome the HempCoin’s key liquidity issues affecting mainstream adoption and increase usability. The HempCoin is embracing trends in payment technology to provide a real-world banking solution for the legal cannabis industry and easy-to-implement alternative payment solutions for the agricultural and farming industries, industrial hemp industry, cannabis dispensaries, and hemp, cannabis, and tobacco-related retailers.
Banks in the United States are not accepting fiat currency for hemp transactions, largely in part because it is illegal on the federal level. Our mission is to have a cryptocurrency that can be used for online payment systems and peer-to-peer transaction services including Point-of-Sale systems and card terminals. This coin will directly serve the hemp, cannabis, agriculture, and tobacco industries.