- SING at the forefront of $24.5 billion legal cannabis industry and rapidly-growing cryptocurrency market
- The company plans full launch of its proprietary bitcoin-powered credit-debit payment processing platform and end-to-end solutions
- Recent and planned key acquisitions and joint ventures will strengthen SING’s position in booming markets
As a pioneering and innovative company that offers mobile, technology-driven solutions in various markets, including those to be considered high-risk, SinglePoint, Inc. (OTC: SING) is at the forefront of booming sectors including the legal cannabis industry and the cryptocurrency market. With legal marijuana sales projected to reach upward of $24.5 billion by 2021 (http://cnw.fm/FX30y), coupled with the exponential rise of bitcoin (http://cnw.fm/F0pOb), the company is poised to offer comprehensive payment and end-to-end solutions that unite the exploding markets.
SinglePoint, through subsidiary SingleSeed, has established a proprietary credit-debit card payment processing platform that utilizes bitcoin rather than conventional bank-held currency. While not specific to any industry, with blockchain technology’s capability to create efficiencies in any sector, SinglePoint’s innovative SingleSeed app is designed to provide an alternative payment solution to the unbanked cannabis market. The platform, soft-launched last November with expected full launch in the first quarter of 2018, was designed to leverage bitcoin, and eventually other cryptocurrencies such as ethereum, to provide cash-alternative options. The solution enables…
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