Health Tech Firm Launches Digital Wallet For Cannabis Merchants

Canadian-based company launches a digital mobile wallet for medical cannabis industry

Thu, 19/04/2018 - 15:12

Health Tech Firm Launches Digital Wallet For Cannabis Merchants

Cover image via U.Today

Canadian-based Alternate Health Corp. declared the launch of ZiApp, a digital mobile wallet for merchants in the medical cannabis industry, earlier today.

ZiApp uses fixed-price, utility tokens to process payments to merchants at a much lower cost than traditional banks or payment service providers, the company says.

Integrating the company’s mobile payment engine and digital wallet with a Blockchain platform, created a “groundbreaking” alternative to the high costs of processing merchant transactions, said Dr. Michael Murphy, Chairman and CEO of Alternate Health

in a company statement released today.

About the author

Urvashi Verma

Urvashi Verma is a Chicago-based reporter who writes about the convergence of technology and business. She is interested in fintech, digital currencies, blockchain and currency markets. Urvashi formerly worked with the Times of Israel covering Israel's booming tech industry including Start-Up Nation, venture capital investment, and crowd-funding platforms.