Specialized holding company SinglePoint, Inc. (OTCQB: SING) this morning announced the soft launch of its SingleSeed payments solution. SingleSeed payments targets the lack of viable payment options for the cannabis industry. SinglePoint also provided an update regarding the company’s activity as well as its pursuit of acquisitions in the emergent cannabis and blockchain markets. Among other highlights, management believes the company has an exceptional opportunity to enter the cryptocurrency space through cryptocurrency exchange and cryptocurrency wallet. The wallet will allow merchants and consumers to hold and utilize different currencies and is nearing completion. The full corporate update also includes an overview of each previously announced project and potential acquisition, as well as the advancement on its 2017 audit and current revenue run rate for 2018. “We are firing on all cylinders and pushing the boundaries to make SinglePoint a highly successfully, scalable company. I hope this breakdown of projects has provided the insight and confidence to our shareholders that we are heading in the right direction,” SinglePoint president Wil Ralston stated in the news release.
To view the full press release, visit http://ibn.fm/gfE3H
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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.
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