American Green (OTC:ERBB) Confirms Its E-Commerce Platform Will Begin Taking Bitcoin (BTC) in March
American Green (ERBB) announced on February 23, 2021, that it will start accepting Bitcoin (BTC) payments for its CBD and Hemp products from March 2021. This move aims to enhance transaction capabilities both domestically and globally, aligning with the company's goal of expanding into international markets.
The integration of Bitcoin is expected to simplify international transactions and address potential complications related to currency fluctuations and payment security. American Green will not speculate on Bitcoin prices, ensuring all transactions are converted to US Dollars immediately.
- Expansion of E-commerce to accept Bitcoin, enhancing global transaction capabilities.
- Potentially increases sales by simplifying payment processes for international customers.
- None.
The Acceptance of Bitcoin Will Improve the Company’s Ability to Transact Business With Customers Around the World
PHOENIX, AZ, Feb. 23, 2021 (GLOBE NEWSWIRE) -- via NewMediaWire -- Today American Green (ERBB:OTC) announced that it is expanding its E-commerce Platform to accept Bitcoin (BTC) payments for its CBD and Hemp product line beginning next month (March, 2021). The company is excited to add Bitcoin acceptance as another value-added service for both their new and existing customer base.
“Payment acceptance of Bitcoin and potentially other cryptocurrencies will improve and enhance American Green’s ability to increase transactions domestically and globally. This is of great importance to the Company, as expansion into international markets represents a major corporate goal for the coming year,” said Kevin Davis, VP President of Worldwide Sales for American Green.
As American Green’s Online Emporium continues to demonstrate year-over-year growth, sales of American Green brand CBD and Hemp products will be made easier with the addition of selected cryptocurrencies, starting with Bitcoin.
Bitcoin acceptance will allow American Green $ERBB to simplify international transactions and protect international customers. Accepting Bitcoin will help mitigate possible payment complications arising from international transactions due to currency fluctuations, Internet security concerns and credit card interoperability issues.
American Green will not be investing in or speculating on the price of Bitcoin (BTC) or any other cryptocurrencies. All transactions will be completed using values calculated "on the spot” and immediately converted into US Dollar equivalents.
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About American Green, Inc.
In 2009, American Green, Inc. became America’s second publicly-traded company in the cannabis sector. American Green now, with its more than 50,000 certified beneficial shareholders, is one of the largest (in shareholder count) in the cannabis sector. American Green's mission is to lead the cannabis and premium CBD industry. Leveraging our team of professionals in cultivation management, manufacturing, extraction, wholesale, retail, and community outreach, we strive to develop sustainable initiatives in the cannabis-adjacent and CBD industries, laser-focused on adding company and shareholder value.
For more information -
Contact:
American Green, Inc.
Investor Relations
2902 W. Virginia Ave
Phoenix, AZ 85009
480-443-1600 X555
investor@americangreen.com
NOTES ABOUT FORWARD-LOOKING STATEMENTS
Except for any historical information contained herein, the matters discussed in this press release contain forward-looking statements that involve risks and uncertainties, including those described in the Company's Securities and Exchange Commission reports and filings. Certain statements contained in this release that are not historical facts constitute forward-looking statements, within the meaning of the Private Securities Litigation Reform Act of 1995, and are intended to be covered by the safe harbors created by that Act. Reliance should not be placed on forward-looking statements because they involve unknown risks, uncertainties and other factors, which may cause actual results, performance or achievements to differ materially from those expressed or implied. Forward-looking statements may be identified by words such as estimates, anticipates, projects, plans, expects, intends, believes, be should and similar expressions and by the context in which they are used. Such statements are based upon current expectations of the Company and speak only as of the date made. The Company undertakes no obligation to update any forward-looking statements to reflect events or circumstances after the date on which they are made.
FAQ
When will American Green start accepting Bitcoin for payments?
What is the significance of American Green accepting Bitcoin?
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Will American Green invest in Bitcoin or other cryptocurrencies?
