NEW YORK, Dec. 20, 2017 (GLOBE NEWSWIRE) -- via CannabisNewsWire – CannabisNewsWire ("CNW"), a multifaceted financial news and publishing company for the cannabis industry, today announces the publication of an editorial featuring SinglePoint, Inc. (SING), a client of CNW focused on strengthening its position in the marijuana industry through the acquisition of, or investment in, small to mid-sized cannabis companies.
The publication, titled, “Despite Cryptocurrency Skepticisms, Standout Players Continue to Ride the Meteoric Rise of Bitcoin,” reviews enterprising companies and their use of cryptocurrency to provide financial transaction solutions amidst the monumental growth of digital currencies.
To view the full publication, visit: https://www.cannabisnewswire.com/despite-cryptocurrency-skepticisms-standout-players-continue-ride-meteoric-rise-bitcoin/
SinglePoint has become a first mover in the U.S. with its proprietary bitcoin payments solution, which enables cannabis merchants and customers to respectively sell and purchase marijuana and marijuana-related products using credit and debit cards through the vehicle of bitcoin. The solution is fully KYC-AML compliant and can be deployed in any business, so while it is designed to serve cannabis businesses its potential doesn’t end there.
The solution, known as SingleSeed Payments, can be used in any state where marijuana enjoys legal status. Customers can sign up for the service at the point of sale or set up an account prior to visiting a cannabis dispensary. They can then conveniently make bitcoin-powered purchases using their debit and credit cards, just as they would buy any type of merchandise in any other type of store.
SinglePoint’s solution will also allow marijuana dispensaries to digitally track their product inventories and upload related data, such as photos and product descriptions. When a customer purchases a product, it will be automatically deducted from the merchant’s inventory listings.
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.
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About CannabisNewsWire (CNW)
CannabisNewsWire (“CNW”) is a specialized information service that (1) aggregates cannabis news, (2) provides CannabisNewsBreaks that quickly updates investors in the space, (3) enhances corporate press releases, (4) helps companies with distribution and optimization of social media, and (5) delivers comprehensive corporate communication solutions. CNW is uniquely positioned in the cannabis market with a strong team of journalists and writers who can help private and public companies reach a wide audience of investors, consumers, journalists and the general public through our ever-growing dissemination network of more than 5,000 key syndication outlets. CNW is bringing unparalleled visibility, recognition and content to the cannabis industry.
For more information please visit https://www.CannabisNewsWire.com
This release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended and Section 21E of the Securities Exchange Act of 1934, as amended. All forward-looking statements are inherently uncertain as they are based on current expectations and assumptions concerning future events or future performance of the company. Readers are cautioned not to place undue reliance on these forward-looking statements, which are only predictions and speak only as of the date hereof. In evaluating such statements, prospective investors should review carefully various risks and uncertainties identified in this release and matters set in the company's SEC filings. These risks and uncertainties could cause the company's actual results to differ materially from those indicated in the forward-looking statements.