NEW YORK, NY--(Marketwired - Nov 17, 2017) - CannabisNewsWire ("CNW"), a multifaceted financial news and publishing company for the cannabis industry, today announces the publication of an editorial featuring SinglePoint, Inc. (
The publication, titled, "Meteoric Rise of Bitcoin, Open Embracing of Blockchain by Sector Majors," briefly discusses the price of bitcoin reaching for new highs before delving into the operations of a handful of public companies utilizing the cryptocurrency.
To view the full publication, visit: https://www.cannabisnewswire.com/meteoric-rise-bitcoin-open-embracing-blockchain-sector-majors/
"SinglePoint, Inc. (SING) in 2010 cut its teeth in payment innovations as a pioneer of payment enabled text messaging. ... Earlier this week, the company announced the soft launch of a bitcoin exchange (app.singleseed.com) designed to solve the specific payment challenges in the cannabis industry. Recognizing that the cannabis payments space lacks a leading solutions provider, SinglePoint cites demand for convenience as the primary driver for building the app, which will process credit or debit cards -- something unique to the cash-only transaction model currently used in the cannabis industry due to federal regulations and banks' hesitancy to provide services to cannabis businesses. Through an easy-to-use sign up form and ID verification, SinglePoint's exchange will enable customers to set up their account online beforehand or sign up within seconds directly at the point of sale.
"'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," Wil Ralston, president of SinglePoint stated in the press release (http://cnw.fm/uE1c7).'"
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.
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.