NetworkNewsBreaks – Net Element, Inc. (NASDAQ: N
Post# of 960
Net Element, Inc. (NASDAQ: NETE), a global technology and value-added solutions group, this morning announced the launch of a secure and compliant payment processing offering aimed at the legal cannabis industry. “We are excited to launch a legal cannabis payment acceptance solution to meet the needs of sales partners and merchants for this emerging market,” Vlad Sadovskiy, president of integrated payments for Net Element, stated in the news release. “Addressing the needs of our merchants is our No. 1 priority and we work closely with various vendors to bring our merchants state-of-the-art payment acceptance solutions.” As noted in this morning’s update, payment processing and compliance for the booming legal cannabis industry has become increasingly complex in recent years, despite the American market being on pace to reach $20 billion by 2020, according to industry reports. Net Element subsidiary Unified Payments is addressing the challenges by offering a compliant, seamlessly integrated payment solution that makes it simple to transact.
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