Whatever your take on the Crypto Craze it does seem that Bitcoin and Crypto overall are here to stay. Granted Bitcoin itself has taken a rollercoaster ride since inception, it remained around the $6-$8k mark before catapulting once again to $40,000 in early 2021; by all means an impressive gain from it’s $250 trending price and relative obscurity in 2015. This is not what one would consider stable especially if wanting to classify Bitcoin as a currency. When looking at other security and commodities markets it would be even more insane to call Bitcoin or any of the other top cryptos stable.
Despite the volatile price swings, one thing provided by the Blockchain technology is peer to peer transfers cutting out the middleman . Many regulators argue that the nefarious activities borne from this lack of oversight can be bad and they are correct, there are some illegal transactions via bitcoin and cryptos, but there are also increasingly crazy regulations from larger financial institutions and government seeking to take a cut of the booming pot and vaporizer industry. The cannabis vaporizer space is finding itself to be victim of some of the increased regulations , being grouped in with e-cigarettes and other non- related banned markets which have nothing to do with vaporizers.
To the Cloud Vapor Store does not see itself as facilitating harmful and dangerous acts, but recently Paypal told us we were in violation of their terms and forced our hand in removing Paypal from our website. Before this we had a great relationship with the payments provider and more than half of our customers chose to use Paypal when buying a vaporizer.
The vaporizer market does carry a more inherent risk compared to other retail goods and even the credit cards providers in the space make sure we are compliant with strict guidelines and even then there is a higher fee associated with transactions compared to your typical retailer of let’s say bicycles or t-shirts. We’re not complaining as this is the way the world works – With any business there is going to be challenges and adversity.
Bitcoin and cryptocurrencies are providing us at To the Cloud Vapor Store a great way to accept payment without having to jump through hoops or spend a million hours trying to get in touch with the right person at a large tech company to explain to them how our vaporizers are being misclassified. To the Cloud Vapor Store has been accepting Bitcoin since we opened our site for business in 2015.
As much as we vouch for cryptos it is important to do your homework as the buyer before sending off payment. With the limited oversight we mentioned there is no recourse of action should the seller decide to stiff you.
If you are looking to buy a vaporizer using Crypto we currently accept – Bitcoin, Bitcoin Cash, and Ethereum . If you are looking to buy a vaporizer with crypto just drop us a line and we will be able to help you out. If you are wishing to purchase a vaporizer with Bitcoin , you can select this option at checkout.