“We provide both electronic payment and banking solutions to the legal cannabis industry,” Wagner said.
This is how it works. Customers connect their bank account to a regulated and registered currency exchange. They can then buy a cryptocurrency. The most well known is BitCoin. From there, they can go to an alternative exchange and buy Tokes.
“Once you have Tokes you have the ability to move those onto a mobile wallet or move those onto a client on your home computer,” Wagner explained.
The Tokes are then used to buy marijuana. Hoskins’ dispensary is currently taking Tokes, but it is the only one in Nevada.