- Unique payment system designed especially for the cannabis industry
- System circumvents traditional banking and avoids cash
- Company plans to boost revenue by taking a transaction fee
Epazz, Inc. (OTC: EPAZ) has introduced Zenapay, a specialized payment software designed for the cannabis industry. Michael Manahan, strategic advisor to the company, said Zenapay is a payment processing system for cannabis retailers. Zenapay uses a Bitcoin platform, rather than cash, to offer users the opportunity to pay in a cashless transaction for medical marijuana. It circumvents the traditional banking industry and is safer for cannabis retailers because it doesn’t involve the risks associated with cash.
Epazz is a cloud-based software company which specializes in providing internet-based, turnkey applications to the corporate world designed to provide maximum communication to key stakeholders. It creates virtual communities. The company is offering its EpazzBoxesOS™v.3.0 web-based application software to small- and medium-sized business. The diverse industries it serves are: higher education, corporate, insurance, media, pharmaceutical, real estate and more. Its revenue comes from licensing and maintenance fees.
Some 29 states legally permit the sale of cannabis, in one form or another. Epazz has established a new website, Zenapay.com, which is currently recruiting beta customers for the product. The company plans to boost revenue by also taking a transaction fee on Zenapay. Bitcoin is a digital currency. One other advantage it offers is that it permits cannabis users to perform cashless transactions at dispensaries anonymously. By using Bitcoin, all transaction details are encrypted and customers do not have to provide personal details if they do not wish. To the retailer, payment is assured and cashless. To the user, it offers a secure Bitcoin wallet that permits safe, online purchases, and a place to store additional Bitcoins.
Zenapay offers cannabis retailers a safe way to sell product. They can also use it to manage their own inventory, identifying best-selling product. At point-of-sale, Zenapay gives smaller retailers the opportunity to manage and safely conduct transactions in a non-cash environment. The company will market its software product at trade shows and hopes to sell to dispensaries directly.
For more information, visit the company’s website at www.Epazz.com
Let us hear your thoughts: Epazz, Inc. Message Board
QualityStocks is committed to connecting subscribers with companies that have huge potential to succeed in the short and long-term future. It is part of our mission statement to help the investment community discover emerging companies that offer excellent growth potential. We offer several ways for investors to learn more about investing in these companies as well as find and evaluate them.