[2017-06-09] Indospace Allows Cannabis Merchants to Accept Bitcoin Effortlessly

[jamie.redman1]

This week Bitcoin.com spoke with Justin Nahin, the founder of Indospace, a payment platform startup connecting cannabis dispensaries with bitcoin.

Indospace.io is the first online payment solution that incorporates a dispensary’s updated menu with a bitcoin checkout. The company is a white label bitcoin payment platform that serves marijuana dispensaries and their customers throughout the U.S. and in Canada. They allow individual dispensaries (and those with multiple locations) to register and login using two-factor authentication (2FA) to claim their business and establish certain selling criteria including: sales tax, delivery fees, delivery radius, employees and a minimum order amount among others.

Following the procedure, the dispensary can then save their settings and immediately open their online menu and bitcoin checkout cart. Each order received will be processed at a 3.5% fee with the balance automatically applied to their wallet supplied by Indospace. We chatted with Mr. Nahin to get some insight into the Indospace project and how bitcoin is used for cannabis purchases.

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