New York, New York--(Newsfile Corp. - December 21, 2017) - CannabisNewsWire ("CNW"), a multifaceted financial news and publishing company for the cannabis industry, today announces the publication of an editorial featuring SinglePoint, Inc. (OTC Pink: 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," highlights enterprising companies exemplifying the big potential of cryptocurrency-related ventures.
To view the full publication, visit: https://www.cannabisnewswire.com/despite-cryptocurrency-skepticisms-standout-players-continue-ride-meteoric-rise-bitcoin/
Enterprising companies like SinglePoint, Inc. (OTC Pink: SING) (SING Profile) are utilizing cryptocurrency as a means of bypassing federal restrictions and providing cannabis businesses with the financial transaction solutions they so critically need.
Whether you are skeptical about bitcoin and other cryptocurrencies or believe the future of finance lies within them, the steamrolling growth of these virtual currencies is undeniable. Earlier this year in Japan, cryptocurrencies became nationally recognized as a legal form of payment, and initial coin offerings (ICOs) have jumped from raising just a few hundred million dollars in 2016 to raising more than $3 billion in 2017 (http://cnw.fm/zs5Ky). So far during December, bitcoin has broken the $17,000 mark in terms of value per coin, which is an astronomical rise from where the cryptocurrency sat at the commencement of 2017—just under $1,000 per coin as of Jan. 1 (http://cnw.fm/1KnDQ).
In serving unbanked and under-banked markets like the cannabis industry, the potential of cryptocurrency is clear. And even if marijuana becomes federally legal in the United States, the crypto solutions being pioneered by companies like SinglePoint (SING) will continue to have application in serving these and other enterprises—both high-risk and low.
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://wwwCannabisNewsWire.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.