U.S. Markets open in 9 hrs 29 mins

NetworkNewsWire Announces Publication on Increased Acceptance of Cryptocurrency-Based Payment Solutions

NEW YORK, Jan. 10, 2018 (GLOBE NEWSWIRE) -- via NetworkNewsWire — NetworkNewsWire ("NNW"), a multifaceted financial news and publishing company, today announces the publication of an editorial featuring SinglePoint, Inc. (SING), a client of NNW 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, “Bitcoin’s Rise Speeds the Adoption of Cryptocurrency-Based Payment Solutions,” reviews companies taking position to benefit from the growing usage of cryptocurrencies for commercial transactions.

To view the full publication, visit: https://www.networknewswire.com/bitcoins-rise-speeds-adoption-cryptocurrency-based-payment-solutions/

SinglePoint, Inc. (SING) has established itself in the burgeoning market for cryptocurrency transaction platforms. Through diversification into horizontal markets, SinglePoint has developed from a full-service mobile technology provider into a holding company focused on building its portfolio by acquiring interests in undervalued subsidiaries. The company has developed, through its SingleSeed subsidiary, a proprietary bitcoin payments solution designed to allow cannabis merchants and customers to use bitcoin-enabled debit and credit cards to conduct transactions. SinglePoint’s solution is in full compliance with KYC-AML and is eligible for deployment in all types of businesses, giving it potential beyond the cannabis market.

A cryptocurrency like bitcoin has the potential to help serve the needs of under-banked markets such as the cannabis industry. The classification of cannabis as a Schedule 1 drug at the federal level under the Controlled Substances Act prevents most industry merchants from using traditional banking services. This makes such businesses virtually unbankable, forcing them to deal in cash with all the inconvenience that can bring.

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. For more information, visit www.SinglePoint.com.

About NetworkNewsWire

NetworkNewsWire (NNW) is an information service that provides (1) access to our news aggregation and syndication servers, (2) NetworkNewsBreaks that summarize corporate news and information, (3) enhanced press release services, (4) social media distribution and optimization services, and (5) a full array of corporate communication solutions. As a multifaceted financial news and content distribution company with an extensive team of contributing journalists and writers, NNW is uniquely positioned to best serve private and public companies that desire to reach a wide audience of investors, consumers, journalists and the general public. NNW has an ever-growing distribution network of more than 5,000 key syndication outlets across the country. By cutting through the overload of information in today's market, NNW brings its clients unparalleled visibility, recognition and brand awareness. NNW is where news, content and information converge.

For more information please visit https://www.NetworkNewsWire.com

Please see full terms of use and disclaimers on the NetworkNewsWire website applicable to all content provided by NNW, wherever published or re-published: http://NNW.fm/Disclaimer

Forward-Looking Statements

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.

Corporate Communications Contact: 

NetworkNewsWire (NNW)
New York, New York
www.NetworkNewsWire.com
212.418.1217 Office
Editor@NetworkNewsWire.com