RocketFuel Opens Crypto Cannabis One-Click Payment

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RocketFuel, which offers one-click cryptocurrency payment options, has announced that it will make its one-click services available to the cannabis industry, according to a press release.

By integrating RocketFuel, companies will be able to ensure that merchants can access crypto payments from users with private wallets or crypto exchange accounts, the release said. The service will also cover online delivery orders if they fall under permitted local regulations.

As cannabis companies have long strived to offer convenient payment options, the company said in the statement that its goal is to facilitate payments.

The growth of cryptocurrencies, however, has leveled the playing field for the industry and given transaction control to traders who no longer have to depend on banks to handle their financial transactions, said RocketFuel CEO Peter Jensen. , in the press release.

In other news, the Lyra options trading protocol, built on Ethereum, raised $ 3.3 million in a funding round, CoinDesk reported.

The cycle was led by Framework Ventures and ParaFi Capital. Other backers included DeFi Alliance, Orthogonal, Robert Leshners Robot Ventures and Apollo Capital, according to CoinDesk.

Decentralized finance (DeFi) has gained traction lately, and Lyra plans to use the new funding to hire more engineers, CoinDesk reported.

Meanwhile, South Korea plans to tighten regulations on tax evasion for cryptocurrency investors and high-income individuals, Reuters reported. This comes as the country has to meet the rising costs of social protection.

With the new developments, the government plans to revise tax codes so that authorities can remove crypto assets from tax evaders, even if they store crypto in digital wallets, according to Reuters.

Finally, crypto ATM installations are experiencing a continuous spike, with 71.73% more installations in 2021 so far, Cointelegraph reported. There were 13,993 on January 1 and 24,030 at the end of July.

The United States is the leader in this area, with nearly 48 installations per day, according to Cointelegraph. Crypto ATMs are now accessible in more than 75 sovereign countries.

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