Medical Cannabis Payment Solutions and First Bitcoin Capital Corporation announced they will work together to integrate First Bitcoin's cryptocurrency ($Weed) with Medical Cannabis Payment Solutions' StateSourced payment gateway. The collaboration will allow state licensed marijuana establishments across the nation to accept both StateSourced debit cards and cryptocurrencies such as WeedCoin and Bitcoin. The companies signed the agreement with the goal of revolutionizing end-to-end compliance solutions for state sanctioned cannabis.

StateSourced's exclusive offering brings to market a revolutionary merchant account with advanced processing perimeters, including the capabilities and securities of accepting a traditional credit or debit card and now cryptocurrency. The new venture, yet to be branded, intends to deploy an exchange platform that will allow marijuana establishments and industry service providers across the length and breadth of the country to access a suite of products aimed at balancing regulatory compliance with both federal and state laws. It will utilize the $WeedCoin cryptocurrency as an additional non cash payment option in the growing Cannabis Industry.