Dallas, TX, Dec. 07, 2017 (GLOBE NEWSWIRE) -- Bayport International Holdings, Inc. (OTC Pink: BAYP), (“Bayport” or the “Company”), a holding company active within the cannabis technology industry, that is developing an integrated platform of Cannabis Industry Technologies, announces it is currently evaluating methods to integrate cryptocurrency payments including coins like Bitcoin, into its cannabis technology platforms.
This development comes as the Company recently announced that it is developing an e-commerce platform for Weedwiser.com. The company will specifically be exploring how it would be able to accept cryptocurrencies as a form of payment within its e-commerce platform, in addition to traditional payment methods.
Given the enormous buzz surrounding Bitcoin and cryptocurrencies, management believes that integrating crypto payments will allow the company to continue to be on the cutting edge of the cannabis technology industry.
There have been several major joint ventures in recent months with OTC Bitcoin and cannabis companies. However, the vast majority of these joint ventures have focused on methods of utilizing Bitcoin as a non-cash, payment alternative for industry participants including medical cannabis cultivators and dispensaries.
By bringing Bitcoin and cryptocurrencies together with cannabis technology, Bayport will continue to lead the emerging industry into the future. Management expects to have further details on the completion of the e-commerce platform and the possibly integration of cryptocurrency payments over the coming weeks.
Ideally, management believes that the effort would include the nascent Cannabis industry coins like Weed Coin, and Paragon. Ultimately management would also enable the more liquid cryptocurrencies as driven by demand. The Company is also contemplating the benefits of potential Cannabis Industry Consortia, as described recently by First Bitcoin Capital Corp in its transaction with the PerksCoin ICO and Cannasos.com.
The Company would also like to announce the development of an upgraded Corporate website at www.bayportholdings.com
About Bayport International Holdings, Inc. (OTC PINK: BAYP):
Bayport International Holdings, Inc. is a holding company active within the cannabis technology industry. Through its Weedwiser.com digital platform, the company seeks to be a leader in the emerging cannabis technology industry. Furthermore, the company is currently evaluating acquisitions within the industry. Learn more about the company by visiting http://www.weedwiser.com and http://www.bayportholdings.com.
Safe Harbor
This release contains statements that constitute forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. These statements appear in a number of places in this release and include all statements that are not statements of historical fact regarding the intent, belief or current expectations of Bayport International Holdings, its directors or its officers with respect to, among other things: (i) financing plans; (ii) trends affecting its financial condition or results of operations; (iii) growth strategy and operating strategy. The words "may," "would," "will," "expect," "estimate," "can," "believe," "potential" and similar expressions and variations thereof are intended to identify forward-looking statements. Investors are cautioned that any such forward-looking statements are not guarantees of future performance and involve risks and uncertainties, many of which are beyond Bayport International Holding's ability to control, and that actual results may differ materially from those projected in the forward-looking statements as a result of various factors. More information about the potential factors that could affect the business and financial results is and will be included in Bayport International Holding's filings with the Securities and Exchange Commission.