Holding company Rocky Mountain Ayre, Inc., a publicly traded company focused on acquisition of fast growing food, hospitality, manufacturing and retail businesses, has completed its cryptocurrency, HempCoin (HMP), testing after purchasing it from THC Farmaceuticals in June.
Tim Ayre, president of RMTN, stated that the company was happy with the test results and is looking to list HMP on a number of cryptocurrency exchanges, including Coinbase, Bter, and Cryptsy. Also in the works is the creation of a mobile app for users to buy, sell and exchange HMP without needing to visit an exchange.
With its own blockchain, HempCoin claims a faster running rate due to its use of the script technique, similar to LiteCoin. HempCoin is also backed by RMTN’s marketable security and takes advantage of the same potential price value as other currencies with fixed limits like bitcoin or gold. The company aims to become a leader in the cryptocurrency market with a product that consumers can feel confident in using due to the digital currency being backing with RMTN’s publicly tradable shares.