Well, beyond Bitcoin, XRP, and Ethereum, Dash cryptocurrency is also up with 9.43 percent over the past 24hrs. The massive gain appeared amidst -lsquo;Dash powered Cannabis Firm, ‘Alt Thirty-Six-rsquo; recorded significant B2B transaction volume. Moreover, the massive rise in the B2B transaction for Dash based ‘Alt Thirty-Six’ is a result of a new cash management solution.

Cash to Dash Conversion

Specifically focused on the legal cannabis industry, Alt Thirty-Six is an exclusive Dash payment solution firm. It was partly funded by Dash treasury and has been facing banking issues across the United State. Alt Thirty-Six has recently introduced a new cash management solution that enables easier access to Dash for suppliers. It particularly does -lsquo;Cash to Dash conversation-rsquo; by enabling -lsquo;cash-heavy dispensaries-rsquo; get converted into Dash coins and then will be used as payment to suppliers.

As Lauren Murphy, president of Alt Thiry Six notes;

-ldquo;Alt Thirty-Six recently added a Cash Management Solution that includes vaulting, cash transportation, and conversions. Cash to Dash conversion services provides 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.”

Image source – Dash official website

Every licensed cannabis business has to get approval from Alt Thirty Six to use cash management services. The process is that;

“A merchant can request a cash pickup directly from the Alt Thirty-Six platform, once details are confirmed, cash is picked up, as soon as the amount is validated, the merchant will receive funds into their Alt Thirty-Six account to use, hold or withdrawal at their convenience.-rdquo;

For now, the platform is live with a beta version of the B2B solution. Presently, it is offering more than 30 partners in the company-rsquo;s B2B public beta version. Nevertheless, the beta version itself recorded massive transaction volume on Dash blockchain and in near future, Alt Thirty-Six aims to expand to the B2C market.

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