Blockchain-based credit card payments for legal marijuana.

GreenMed (GRMD) enables legal marijuana dispensaries to accept debit and credit cards through the use of GreenMed tokens.

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What is GreenMed ?

GreenMed is the world's first ERC-20 Ethereum token backed application enabling customers to purchase legal marijuana using their debit or credit cards.

"Medical marijuana sales are projected to grow from $4.7 billion in 2016 to $13.3 billion in 2020." Source Forbes.

GreenMed lets legal marijuana dispensaries accept debit or credit card payments via the use of cutting edge electronic payment processing technology in conjunction with the Ethereum blockchain.

Over the past several years we have been looking for countless ways for our dispensaries to accept electronic payments. However due to strict federal regulations banks are unable to partner with legal marijuana dispensaries.

This leaves cryptocurrency and Ethereum as the only option to help this $5 Billion industry accept mainstream electronic payments such as credit cards and EFT's.


Our application will be a one stop shop for both the consumer of legal marijuana and the dispensaries. Users will be able to pay using a debit or credit card, and even pre-purchase for pick-up, all within the app, while having the option to pay with a convenient online digital currency.

The optional GreenMed debit card allows the merchant to withdraw the funds directly from any ATM in the Visa network and even use it for purchases.

The GreenMed app

Crowdsale

  • September 4th 2017

    Pre-Sale Week 1
    Bonus
    +40%
  • September 11th 2017

    Pre-Sale Week 2
    Bonus
    +30%
  • September 18th 2017

    Pre-Sale Week 3
    Bonus
    +20%
  • September 25th 2017

    Pre-Sale Week 4
    Bonus
    +10%
  • October 2nd 2017

    Token Crowdsale
    Token price : $0.20
    until October 30th

Contributions

Currencies accepted: ETH & BTC
100,000,000 total tokens
  • 30% retained by the GreenMed team
  • 69% distributed to public
  • 1% for bounties
  • All unsold tokens will be burned
Token exchange rate: 1 GRMD = $0.20
1 ETH = 1500 GRMD
1 BTC = 21250 GRMD

The roadmap

  • March 2017

    Concept development & research
  • July 2017

    Private seed funding and partnering with industry people
  • September 4th 2017

    Pre-sale
  • October 2nd 2017

    Public Crowdsale
  • November 2017

    Exchange listings
  • Q1 2018

    GreenMed app release on Apple Store and Google Play
  • Q2 2018

    Credit card integration with the GreenMed app

Meet the team

Person

David Dahan

CEO, Co-founder

With a Law Degree from the University of Paris La Sorbonne and a Computer Science degree. David did extensive work in the Financial industry, leading the development of Stock Market Risk Analysis trading platforms. Prior to that, David worked on an innovative credit card processing SAAS acquired by Google and integrated as the Google Wallet.

Person

Bram Kornfeld

CMO, Co-founder

Early Crypto Investor and Successful E-Marketing Professional. Bram has extensive experience in building strong communication campaigns for the Crypto Currency market. Expert in Social Media Marketing.

Person

Harold Hababou

CTO, Co-founder

Master’s Degree in Engineering from ISIMA (France) and 15 years experience as a developer, expert R&D and Project Manager. Worked for Orange (Innovation Marketing Department), Murex, Nissan, Michelin, GRDF... Designed an Ad Server which has been acquired by Mobile Network Group.

Person

Renato Viana

Developer

Renato is a talented full stack engineer who over the last 4 years has developed a strong interest in crypto-currencies.

Person

Robert Bergman

Advisor, Master Grower

Founder of ilovegrowingmarijuana.com and bergmanslab.com. With over 25 years of experience in marijuana cultivation Robert has advised many dispensary owners and licensed growers to setup their grow operation.

FAQ


GreenMed will be the world's first one stop shop for legal marijuana electronic payments. Users will be able to pay for legal marijuana using a credit card, and even pre-purchase for pick-up, all within the app, while having the option to pay with a convenient online digital currency.

The GreenMed app is a mobile application for legal marijuana dispensaries to accept cryptocurrency and debit and credit card payments, as well as EFT's

Each debit card, credit card or EFT payment will be automatically converted to GreenMed token, therefore allowing legal marijuana dispensaries to accept both cryptocurrency payments and regular electronic payments.

Merchants will have the option to opt-in for automatic conversion of the GreenMed Token to USD upon receiving them from the client.

Alternatively, once on exchanges, we will be connecting the GreenMed app to Exchange API's to facilitate instant and seamless transactions from GreenMed into a currency of the dispensary's choice.

The GreenMed token is an erc-20 ethereum token for digital payments for our legal marijuana digital application.

Cannabiscoin and Potcoin are regular bitcoin based currencies. Their app allows customers to make token transfers from the customer's wallet to the dispensary. In order to purchase Cannabiscoin or Potcoin customers will need to go on an exchange. Similarly, merchants will need to sell the tokens manually outside of the Cannabiscoin or Potcoin app to get USD back. This is where the main difference with GreenMed lies.

GreenMed allows Customers to purchase not only using crypto tokens, but also using their debit card, credit card, or EFT. The GreenMed token is only used to facilitate the transaction.

Also, GreenMed is a one stop shop application that will enable users to search for dispensaries and order legal marijuana right from the app. The GreenMed app will provide users with the same payment experience they are used to when using other apps or website with classic payment methods such as debit or credit cards.

Through the GreenMed app the user will be able to find any dispensary in their immediate area, pay online with a debit or credit card, schedule legal marijuana delivery, or schedule pickups.

For several years we have been looking at many different options for digital payments for our partners in the legal marijuana industry. After looking at all of the options, we found that an erc-20 token built into our payment platform is the best option.

Merchants will have the option to opt-in for automatic conversion of the GreenMed Token to USD upon receiving them from the Client.
Alternatively, once on exchanges, we will be connecting the GreenMed app to Exchange API's to facilitate instant and seamless transactions from GreenMed into a currency of the dispensary's choice.

While banks under federal regulations aren't able to work with legal marijuana dispensaries, we are actively working on partnering with financial institutions such as credit unions who have been entering the cannabis arena.

Press Releases

They are talking about us

NBC 2

GreenMed Launches World's First Cryptocurrency-Based Credit Card Processing App for Legal Marijuana Industry

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Daily Marijuana Observer

Ethereum-Based Credit Card Processing App Launches for Cannabis Companies

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CryptoCoinsNews

GreenMed Launches World’s First Cryptocurrency Based Credit Card Processing App for the Legal Marijuana Industry

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Cannabis Life Network

Tales from the cryptocurrency: Bringing credit card payments to cannabis

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Fintech Finance

Cryptocurrency startup GreenMed has announced the launch of its ERC20 token-backed debit and credit card service

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CBS 8

The first platform to implement an ERC20 Ethereum token-backed application for [...] customers and legal marijuana dispensary operators...

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