A cutting-edge digital asset designed and created for age-verified transactions
American Green recently executed a binding letter of intent to acquire VendWeb and has completed the second cash payment as part of that binding (LOI). The Company plans to launch its 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.
“American Green intends to release a whitepaper this month defining our purpose-designed cryptocurrency for transactions that require age verification. The Company anticipates utilizing an American Green application on the user’s device, to allow the purchase and use of American GreenBacks™ in our proprietary vending solutions,” said
As envisioned, the American GreenBack™ would employ Know Your Customer (KYC) and Anti-Money Laundering (AML) compliant verification software, together with biometric data (ID, fingerprint, retinal scan, palm print, etc.) - all maintained in a unique, unalterable blockchain. American GreenBacks™ would only be tradeable with other KYC/AML-verified counterparties.
Read more about American Green's newest division VendWeb here
Video Demonstration of the AGX Age Identification and Age Verification Vending Machine
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ABOUT
In 2009,
Leveraging our team of professionals in cultivation management, manufacturing, extraction, wholesale, retail, and community outreach, we strive to develop sustainably initiatives in the cannabis-adjacent and CBD industries, laser-focused on adding company and shareholder value.
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investor@americangreen.com
NOTES ABOUT FORWARD-LOOKING STATEMENTS
Except for any historical information contained herein, the matters discussed in this press release contain forward-looking statements that involve risks and uncertainties, including those described in the Company's
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