Wellspring CBD to Accept Crypto Payments including Bitcoin Diamond (BCD)
McMinnville, OR – The demand for cannabidiol (CBD) has skyrocketed in recent years, with the legalized cannabis market expecting to hit $66.3 billion by 2025. However, despite the known health benefits, these products are relatively inaccessible to many U.S. citizens due to the social stigma against cannabis products combined with complicated state regulations.
For this reason, popular CBD hemp oil retailer Wellspring CBD is one of many companies to adopt payments in six cryptocurrencies including Bitcoin Diamond (BCD). By adopting BCD, Wellspring CBD is joining the vast network of e-commerce businesses in the BCD Pay ecosystem to increase the accessibility of its products and open its doors to new customers across the United States.
Wellspring CBD’s online store features a curated selection of CBD products, with a focus on CBD hemp oil. With a mission to spread awareness of the medical benefits of CBD for health conditions such as epilepsy, fibromyalgia, insomnia, and arthritis, Wellspring CBD only offers products from top-quality brands. By accepting cryptocurrencies including Bitcoin Diamond (BCD), Bitcoin (BTC), Dash, Ethereum (ETH), Litecoin (LTC), and Zcoin (XZC), Wellspring CBD is taking part in the shift towards a mainstream global market that is increasingly reliant on secure digital payments.
“The CBD industry and cryptocurrency market actually have a lot in common. Both industries see a large number of grass-root start-ups as well as a strong emphasis on security. I think cryptocurrency payments will be very well-received by our customers,” said founder Jason Liss. “The legalized cannabis industry is steadily becoming more mainstream, with CBD products being legal in most states. I believe the discreet and anonymous nature of cryptocurrency payments will help many of our customers feel more comfortable with purchasing the products they need.”
The cannabis industry benefits particularly from the security benefits of cryptocurrency. As the mainstream market becomes more aware of CBD’s ability to naturally treat dozens of chronic conditions, many U.S. citizens are trying to gain access to CBD products. However, many banks and merchant payment processors refuse to accept payments for cannabis-related products because of the risk of state law violations, even in states where the products are legal. With cryptocurrencies like Bitcoin Diamond, merchants can freely accept payments in accordance with their respective state laws, giving millions of Americans access to potentially life-saving medication.
On top of the security benefits, cryptocurrency payments also offer convenience and efficiency. Transactions can be verified in a matter of seconds at just a fraction of the fees charged by credit card processors, making a more seamless shopping experience. Merchants are also protected from costly chargebacks and high conversion fees, increasing their profit margins.
In recent years, cryptocurrency has emerged as the next evolution of currency, thanks to its convenience, cost-effectiveness and decentralization. Designed to be a means of transaction as peer-to-peer electronic cash, it matches the functionality of traditional fiat currency and goes beyond in efficiency, accessibility and security. Since Bitcoin launched in 2009 as the first cryptocurrency, hundreds of others have since followed.
About Wellspring CBD
Founded in 2012, Oregon-based Wellspring CBD is an online retailer that focuses on high-quality CBD wellness products, such as CBD hemp oil, CBD capsules, and CBD edibles. The Wellspring CBD team is dedicated to curating safe, effective products from top-quality brands and provides a relief guarantee.
About Bitcoin Diamond (BCD)
Bitcoin Diamond is a Bitcoin fork that was created to solve the slow transaction confirmations and high threshold requirements of Bitcoin. Through the BCD Pay initiative, merchants can offer their products and services to a global market without the burdens of expensive processing fees or costly chargebacks from indecisive or fraudulent customers.