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Benzinga
Benzinga
Business
Vuk Zdinjak

American Green To Issue Its Own Cryptocurrency For Age Verified Transactions

American Green, Inc.'s president David G. Gwyther announced that the company is developing its own cryptocurrency: The American GreenBack.

American Green recently executed a binding letter of intent to acquire VendWeb and has completed the second cash payment as part of that agreement. The company now plans to launch a new crypto coin, designed specifically for use in age-verified transactions for alcohol sales in venues such as sporting events, concerts, nightclubs or other age-restricted settings such as cannabis dispensaries and smoke shops.

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