Dama Financial and Helix TCS Establish First Blockchain-Fueled, Complaint Cannabis Marketplace

October 3, 2019

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Helix TCS, the leading provider of critical infrastructure services to the legal cannabis industry has cut a deal with Dama Technologies, a company that provides access to transparent, sustainable banking and payment solutions to legitimize the rapidly growing cannabis industry. The partnership will facilitate the secure transfer of online payments and settlements within the Amercanex marketplace for wholesale cannabis.

“At Helix TCS, we have always focused on providing fully compliant, transparent infrastructure solutions to the cannabis industry,” said Helix TCS CEO and Executive Chairman Zachary L. Venegas. “The Dama solution will allow cannabis businesses to transact as any other business would, and I’m proud to bring this first-in-class system to the industry.”

“We are thrilled to partner with HelixTCS to deliver the first true cannabis exchange to the industry. Amercanex will give these business owners the opportunity to maintain and grow their business operations online in a secure and legitimate way,” said Dan Henry, CEO of Dama Financial.

This is made possible due to a recent acquisition which provides Helix with a sophisticated Electronic Communications Network (ECN) that can integrate blockchain technology to facilitate real-time transactions of wholesale cannabis product between licensed operators in regulated markets. In early September Helix TCS, the leading provider of critical infrastructure services to the legal cannabis industry acquired Amercanex – a B2B wholesale marketplace that leverages blockchain technology and is capable of facilitating wholesale cannabis and hemp transactions between licensed businesses on a global scale.

The agreement positions Dama Financial as the exclusive payment solution on the Amercanex platform and Amercanex as the only wholesale cannabis exchange using Dama Financial’s comprehensive suite of financial solutions. Dama Financial will provide access to checking, escrow and trading accounts to support seamless and secure financial transactions between marketplace users.

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About Richard Kastelein

Founder and publisher of industry publication Blockchain News (EST 2015), a partner at ICO services collective Token.Agency ($750m+ and 90+ ICOs and STOs), director of education company Blockchain Partners (Oracle Partner) – Vancouver native Richard Kastelein is an award-winning publisher, innovation executive and entrepreneur. He sits on the advisory boards of some two dozen Blockchain startups and has written over 2500 articles on Blockchain technology and startups at Blockchain News and has also published pioneering articles on ICOs in Harvard Business Review and Venturebeat. Irish Tech News put him in the top 10 Token Architects in Europe.

Kastelein has an Honorary Ph.D. and is Chair Professor of Blockchain at China's first Blockchain University in Nanchang at the Jiangxi Ahead Institute of Software and Technology. In 2018 he was invited to and attended University of Oxford's Saïd Business School for Business Automation 4.0 programme. He has over a half a decade experience judging and rewarding some 1000+ innovation projects as an EU expert for the European Commission's SME Instrument programme as a startup assessor and as a startup judge for the UK government's Innovate UK division.

Kastelein has spoken (keynotes & panels) on Blockchain technology at over 50 events in 30+ citiies. He is a Canadian (Dutch/Irish/English/Métis) whose writing career has ranged from the Canadian Native Press (Arctic) to the Caribbean & Europe. In his 20s, he sailed around the world on small yachts and wrote a series of travel articles called, 'The Hitchhiker's Guide to the Seas' travelling by hitching rides on yachts (1989) in major travel and yachting publications. He currently lives in Groningen, Netherlands where he's raising three teenage daughters with his wife and sailing partner, Wieke Beenen.

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