SinglePoint (OTC: SING) is tackling two flourishing industries: cannabis and cryptocurrency. Through its proprietary bitcoin exchange (app.singleseed.com), the company aims to solve payment issues related to high-risk transactions, such as those currently troubling the burgeoning cannabis sector. An article discussing this reads: “In the United States, SinglePoint has become a first mover with its proprietary bitcoin payments solution, which is making it possible for marijuana vendors and users to conduct transactions using debit and credit cards via the vehicle of bitcoin. Due to continued federal restrictions, the majority of cannabis merchants operating in the U.S. have had to conduct their transactions in cash only, which poses many problems and inconveniences. SinglePoint’s innovative solution, however, is changing all that.”
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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 SingleSeesd, the company is providing products and services to the cannabis industry. For more information visit: www.SinglePoint.com.
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