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POSaBIT is a Seattle-based financial services company incorporated in 2015.[1] The business created a point-of-sale arrangement for purchasers of legal cannabis in Washington based on conversion of US dollars from a customer's debit card swipe using cryptocurrency.[2][3][4] Since going to market, POSaBIT has introduced a mobile payments solution and a fully integrated and compliant point-of-sale system.[5] In April 2019, POSaBIT went public and began trading on the Canadian Securities Exchange (CSE) under the ticker "PBIT".[6]


  1. https://www.bloomberg.com/research/stocks/private/snapshot.asp?privcapid=328775357
  2. "Ganjapreneurs look to Bitcoin as big banks reject their money", The Cannabist, The Denver Post, June 19, 2017
  3. Jennifer Kaplan (June 13, 2017), Bitcoin is helping the U.S. pot business get over its banking problem, Bloomberg News – via The Globe and Mail (Toronto)
  4. Chris Moore (June 20, 2017), "Lack of Legal Banking Options Pushing Canna-Businesses Towards Bitcoin", Merry Jane
  5. "Good news for card-carrying potheads: Seattle startup raising funds so you don't have to use cash". GeekWire. 2019-08-05. Retrieved 2019-08-14.
  6. "POSaBIT Begins Trading on the Canadian Securities Exchange". www.businesswire.com. 2019-04-08. Retrieved 2019-08-14.

External links[edit]

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