SinglePoint (SING) Launches Proprietary Bitcoin Exchange
to Solve Payment Processing Issues in High-Risk
Markets
Seattle, WA -- November 15, 2017 -- InvestorsHub NewsWire --
SinglePoint, Inc. (OTC:
SING) today announces the soft launch of a bitcoin exchange
aimed at solving payment issues plaguing the cannabis industry.
SinglePoint sees vast opportunity for technology to solve payment
issues related to high-risk transactions, specifically in the
cannabis market. There is yet to be a standout leader in the
cannabis payments space, and SinglePoint is looking to solidify its
position through the company's relationships and history of mobile
payment offerings. The new solution can be utilized by any business
from convenience stores to dispensaries in the 29 legal states and
District of Columbia. For more information, or to sign up for the
exchange, visit app.singleseed.com
Convenience has been the No. 1 driver for building this
application, which is designed as a payment service to make instant
bitcoin-powered purchases possible when all you have is a credit or
debit card. Through an easy-to-use sign up form and ID
verification, customers will be able to set up their account online
beforehand or will be able to sign up within seconds directly at
the point of sale. This model is similar to solutions utilized
abroad, but SinglePoint has not yet seen this feature offered in
the United States.
"We are very pleased with what we have built out and executed on
with this solution. SinglePoint now has a base to continue
innovating on for the cannabis payments space. Businesses are
contacting us daily about payment services and with this solution
we feel confident we will be on boarding many of these customers.
This is just the beginning of a solution that will ultimately serve
cannabis businesses much beyond payments. The overall goal is to
have a fully integrated solution for businesses to manage their
day-to-day operations from beginning to end," states Wil Ralston,
president of SinglePoint.
According to a new report by Grand View Research, the cannabis
market is projected to reach $55.8 billion by 2025. This presents a
major opportunity for SinglePoint to generate additional revenue
through platform fees and transactional fees.
Beyond payments innovation, SinglePoint is continuing to
negotiate new acquisitions in the cannabis market. Company
management will be at MJ BIZCON, taking place November 14 17 in Las
Vegas, and has set up multiple meetings for continued deal flow.
For more information or to set up a meeting please contact Support@SinglePoint.com.
About SinglePoint, Inc.
SinglePoint, Inc. (SING) has grown from a full-service mobile
technology provider to a publicly traded holding company. Through
diversification into horizontal markets, SinglePoint is building
its portfolio by acquiring an interest in undervalued subsidiaries,
thereby providing a rich, diversified holding base. Through its
subsidiary company SingleSeed, the company is
providing products and services to the cannabis industry.
Connect on social media at:
https://www.facebook.com/SinglePointMobile
https://twitter.com/_SinglePoint_
https://www.linkedin.com/company/singlepoint
For more information visit: www.SinglePoint.com
Forward-Looking Statements
Certain statements in this news release may contain forward-looking
information within the meaning of Rule 175 under the Securities Act
of 1933 and Rule 3b-6 under the Securities Exchange Act of 1934,
and are subject to the safe harbor created by those rules. All
statements, other than statements of fact, included in this
release, including, without limitation, statements regarding
potential future plans and objectives of the Company, are
forward-looking statements that involve risks and uncertainties.
There can be no assurance that such statements will prove to be
accurate and actual results and future events could differ
materially from those anticipated in such statements.
Technical complications, which may arise, could prevent the
prompt implementation of any strategically significant plan(s)
outlined above. The Company undertakes no duty to revise or update
any forward-looking statements to reflect events or circumstances
after the date of this release.
Contact:
SinglePoint, Inc.
Greg Lambrecht
602.481.1544