High Times will accept payments in BTC and ETH in its IPO

[Brazio]

A recent announcement from the specialist cannabis publication, 'High Times', reveals that in the end it will accept bitcoins (BTC) and Ethereum (ETH) as an alternative payment in its IPO (Initial Public Offer).

Recall that, at the beginning of last month, the publication had assured that it would accept payments in Ethereum (ETH), as well as in bitcoins (BTC) in its IPO; however, it seems that he took a step back with that decision, after delivering a clarifying document to the SEC (US Securities Commission).

Despite the official document, one of the representatives of 'High Times', Jon Cappetta, said that, in fact, they are accepting payments in both cryptocurrencies and that the declarations issued to the SEC were only to "make them happy".

In this regard, Capetta stressed that:

The reason why the SEC slapped us the last time was because we were accepting cryptocurrencies. However, technically we do not own them, but they transfer their conversion in dollars.

For its part, the third-party payment processing company 'Fund America' will be processing the transactions in both digital currencies and converting them into dollars, which will then be transferred to the company's accounts.

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