POMPANO BEACH, Fla.,
Feb. 20, 2014 /PRNewswire/
-- Solpower Corporation, symbol (OTCPink: SOCR) announced that
it has started to roll out the beta version of its new billing
platform to medical marijuana dispensaries with very positive
results. The system allows individuals to purchase bitcoin, virtual
currency using Solpower's proprietary bitcoin server, and use those
bitcoin to pay for healthcare products like medical marijuana
without telltale information appearing on their bank statements or
credit card bills.
The first few dispensaries were given an opportunity to use the
system last week and Solpower expects many more to join that group
shortly. Solpower intends to promote the names of dispensaries
using the system on its website sometime over the next couple of
weeks. Once out of beta testing, the system will be available
commercially. "So far we have had overwhelmingly positive feedback.
The system solves many problems in this emerging industry, and
until the stigma associated with the sale of medical marijuana
subsides, people who desperately need care will continue to be
hesitant to get it. Our system helps them to do so safely, and
privately. Helping people get much needed healthcare has always
been our purpose," explained the company CEO, Charles Neinstedt.
The Bitcoin Collect platform offers protections to both the
consumer and the dispensary. Safe for the dispensary because
bitcoin, a completely virtual global currency, is not regulated by
any government agency, so the merchant is protected from intrusive
restriction of electronic funds, refusal by banks to accept
deposits, and other difficulties that medical marijuana sellers
have complained about in the past. It offers protection for the
consumer because only the purchase of bitcoin will appear on their
bank statements and/or credit card bills, and bitcoin can be used
to buy a large variety of different things from many different
types of merchants. The appearance of a bitcoin purchase on a bank
statement could mean anything, insulating the consumer from family
members, or even institutions knowing what the purchase was
actually for.
Solpower reminds everyone that the system is not 100% anonymous.
Every state that has decriminalized possession and sale of medical
marijuana has some regulations regarding keeping of medical records
and the tracking of purchases. Solpower confirms that the system is
not meant in any way to circumvent current laws and regulations in
the industry, only allow a level of privacy, security, and ease of
use not previously available to merchants and consumers anywhere.
It is this level of protection that is the reason Solpower feels
the platform will be the standard payment system in the medical
marijuana industry for years to come.
About Solpower
Solpower Corporation owns and operates a software company that
designs innovative solutions to problems that plague industries
globally. Its products include Medcare Collect, a healthcare
billing system that allows patients to pay off medical bills over
time with no credit check, and Bitcoin Collect, a similar system
using virtual currency to protect the privacy of both merchants and
patients.
DISCLAIMER
This Press Release may contain certain
forward-looking statements within the meaning of the Private
Securities Litigation Reform Act of 1995. The Company has tried,
whenever possible, to identify these forward-looking statements
using words such as "anticipates," "believes," "estimates,"
"expects," "plans," "intends," "potential" and similar expressions.
These statements reflect the Company's current beliefs and are
based upon information currently available to it. Accordingly, such
forward-looking statements involve known and unknown risks,
uncertainties and other factors which could cause the Company's
actual results, performance or achievements to differ materially
from those expressed in or implied by such statements. The Company
undertakes no obligation to update or advise in the event of any
change, addition or alteration to the information catered in this
Press Release including such forward-looking statements.
SOURCE Solpower Corporation