The American Cannabis Exchange (Amercanex) is slated to begin offering a digital e-wallet solution, ACEpay, in an attempt to help support the financial needs of the cannabis and financial industries. The installation of a cashless solution aims to help streamline the overall buy and sell process at the group, which is fully compliant with banking regulations.
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Amercanex’s decision to rely on a cashless solution will go a long way towards helping mitigate any security risks associated with business or transactions. In particular, users will be able to utilize pre-paid Visa or MasterCard linked to their respective ACEpay account.
ACEpay is a treasury and cash management system that allows ACE Marketplace participants to deposit cash as well as pay their bills, payroll and taxes in compliance with local regulations. The broader ACEpay Marketplace is a net positive for Amercanex members, who can capture lower costs. The comprehensive financial compliance solution is also presently being utilized across upwards of 4,000 financial service installations across the US.
According to Steve Janjic, Amercanex Chief Executive Officer (CEO), in a recent statement on the integration: “I’m so excited to launch another major solution the cannabis industry has been waiting for. Amercanex’s technology system ACE Marketplace and ACEpay e-commerce solution are redefining the cannabis industry, offering financial and commercial advantages this market has never been able to see before.”