Full-service mobile technology provider SinglePoint (OTC: SING) is engaged in providing solutions to the booming legal cannabis industry as well as the burgeoning cryptocurrency market. An article discussing this reads: “SinglePoint, through subsidiary SingleSeed, has established a proprietary credit-debit card payment processing platform that utilizes bitcoin rather than conventional bank-held currency. While not specific to any industry, with blockchain technology’s capability to create efficiencies in any sector, SinglePoint’s innovative SingleSeed app is designed to provide an alternative payment solution to the unbanked cannabis market. The platform, soft-launched last November with expected full launch in the first quarter of 2018, was designed to leverage bitcoin, and eventually other cryptocurrencies such as ethereum, to provide cash-alternative options. The solution enables merchants and customers to sell and purchase products utilizing bitcoin-powered debit and credit card-based transactions. In addition, the solution enables merchants to digitally track and automatically update inventories, as well as upload product-related data, such as photos and descriptions.
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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 SingleSeesd, the company is providing products and services to the cannabis industry. For more information, visit www.SinglePoint.com.
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