LIVE FROM MJBIZCON 2021, LAS VEGAS: Australian technology entrepreneur Alan Kwan has quickly become a major player in the fast-growing United States digital payments market, and he and his partner now set their eyes on helping the cannabis sector.
Their technology services company, One Tech Platform, owns the US patent for the use and application of fundamental steps governing the use of QR code technology by smartphones that makes it easier to extract and share information contained in QR codes. QR codes contain 200X more information than traditional barcodes and One Tech is building systems that will make it cheaper and easier for merchants to set up businesses that run on their QR technology.
MJNews caught up with Alan at the MJBizCon 2021 trade show in Las Vegas. Listen in as Alan and MJNews host David Rheins discuss the challenges that the cannabis market faces: the industry is underbanked because of the resistance from traditional banks to provide basic business services to companies within this industry.
The One Tech platform addresses several concerns bankers may have - one of the largest is that its platform allows users to meet their obligations under the US Banking Services Act via an unbreakable audit trail. The company provides Federal and State regulators full transparency across business-to-business and business to consumer transactions.
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