HENDERSON, Nev., Aug. 31, 2017 (GLOBE NEWSWIRE) — US Lithium Corp. (OTCQB:LITH), announces that it will be pursuing the lucrative legal marijuana payment market in locations that allow the sale to consumers for both medical and recreational use.
Kaboom Coin (kaboomcoin.com) provides the underserved legal marijuana industry with decentralized banking infrastructure, blockchain based consumer databasing and a payment solution. Using Kaboom Coin, industry members will realize significant cost savings as well as assistance with their compliance to state laws. What makes Kaboom Coin different from others in the sector is that we are not solely focusing on cannabis where there may still be some social stigmas associated with the use of something branded specifically for that industry. Cannabis is just one vertical that the currency will be aimed at. Kaboom Coin is creating a lifestyle brand around its coin via social media and marketing affiliations.
Kaboom Coin’s differentiation strategy is to decentralize the consumer’s personal information from any single merchant or server while at all times complying with state KYC and consumer regulations. While the payment system may be potentially anonymous, there will be specific user identification and unique markers on all purchases. All purchasers currently have to produce either a prescription and/or identification as part of the requirements for legal purchase. Kaboom Coin is NOT focusing on any purchasers whose intent is to skirt laws and regulations either via a payment system or true identification of the end consumer.
Kaboomcoin.com is an Etherium based cryptocurrency wallet that caters to the 18-35 demographic and the products they purchase whether virtual or brick and mortar. This is the most technologically oriented generation in history and the majority of their purchases, communications, social media and payment platforms are tied to their smartphones. LITH believes that this demographic will likely be influenced by, and attracted to, an application and payment method, i.e. Kaboom Coin, due to their peer circle and social media feeds adopting the product. LITH will be placing resources into the marketing and social media diaspora with kaboomcoin.com
