NEW YORK, NY--(Marketwired - Aug 16, 2017) - NetworkNewsWire ("NNW"), a multifaceted financial news and publishing company, today announces the publication of an editorial featuring SinglePoint, Inc. (
The publication, titled, "Record Bitcoin Gains Indicate High Times Ahead for Cannabis Cryptocurrency," discusses the flourishing potential of cryptocurrency as a prime solution in the unbankable cannabis sector.
To view the full publication, visit: https://www.networknewswire.com/record-bitcoin-gains-indicate-high-times-ahead-cannabis-cryptocurrency/
"SinglePoint's bitcoin application will be KYC-AML compliant. Customers will be able to sign up for an account online prior to visiting a merchant, or they can do it in seconds right at the point of sale. Similar solutions have been deployed internationally, but SinglePoint is in an early-mover position to bring such technology to the United States. Though still a few months from its beta launch for the solution, SinglePoint is already amassing potential customers through its website.
"SinglePoint recently purchased $Weed cryptocurrency from First Bitcoin Capital and will incorporate this cannabis-specific cryptocurrency into its bitcoin solution, so cannabis dispensaries and consumers can accept/use either bitcoin, $Weed or both (http://nnw.fm/M9vYG). The recent initial coin offering (ICO) launch for the $Weed cryptocurrency resulted in an impressive yet illiquid market cap of almost $60 million.
"SinglePoint and First Bitcoin Capital plan take a consumer-first approach and heavily invest in getting customers to sign up for cryptocurrency wallets in advance. The benefits of this approach include ensuring customers can make their in-store purchase as quickly as possible, and it will also enable merchants to build in loyalty programs, special offers and more as well as to gain insights regarding which products are being purchased, how many are being sold, etc."
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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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.