Jay-Z Invests In Cannabis Payment Company Flowhub

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Jay-Z Invests In Cannabis Payment Company Flowhub
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The billionaire music mogul participated in a $19 million funding round in a fintech firm that’s trying to solve the banking problem in the marijuana industry.

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“We’re still a cash industry, and it’s 2021,” says Sherman. “It's hard to believe when we barely have cards in our pocket anymore with Apple Pay.”

But Flowhub’s point-of-sale tools help dispensaries hide the complexities of a cash-intensive industry. Flowhub’s software allows customers to use their debit cards at checkout, but the transaction is not a debit transaction, it’s technically an ATM withdrawal. “It’s not really debit, but it feels like it,” says Sherman.

For now, other payment processors will not serve the industry, giving Flowhub and its competitors a head start in one of America’s fastest-growing industries.

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Forbes /  🏆 394. in JP
 

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We need a lot of help.We need money to fight for our return. To fight for our safety. This GoFundMe is to ask for help.For the help we need to secure our safety and help fight to secure the future of my son.I ask for justice for my son.He is only a baby and doesn’t deserve this

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Jay-Z Invests In Cannabis Payment Company FlowhubJay-Z Invests In Cannabis Payment Company FlowhubThe billionaire music mogul participated in a $19 million funding round in a fintech firm that’s trying to solve the banking problem in the marijuana industry. He is the G getting another B He should invest in a haircut
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Jay-Z Invests In Cannabis Payment Company FlowhubJay-Z Invests In Cannabis Payment Company FlowhubThe billionaire music mogul participated in a $19 million funding round in a fintech firm that’s trying to solve the banking problem in the marijuana industry. He is the G getting another B He should invest in a haircut
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