Block Inc’s fintech unit, Square, announced its foray into the Canadian cannabis market on Wednesday. The company plans to establish its presence in the industry through a strategic partnership with the e-commerce platform, Jane Technologies.
By teaming up with Jane Technologies, Square aims to provide Canadian cannabis retailers with a seamless and efficient payment solution. This partnership will leverage Square’s innovative fintech tools and Jane Technologies’ robust e-commerce platform to help cannabis businesses process transactions securely and conveniently. With the legalization of cannabis in Canada, there is a growing demand for a reliable payment system within the industry, and Square is poised to meet this need.
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