New Exchange to Solve Payment Processing Issues in High Risk Markets

August 7, 2017 (Investorideas.com Newswire) SinglePoint, Inc. (OTC:SING) is providing a first-hand look at the company’s new Bitcoin exchange aimed toward solving the issue in payments issue plaguing the cannabis industry. Currently there is no standard for payment processing the cannabis market. It is an underserved market with vast opportunity for technology to solve the payments issue. SinglePoint is currently building an in-house solution enabling consumers to obtain Bitcoin at any point of sale. The new solution can be utilized by any business from convenience stores to dispensaries in the 29 legal states and the District of Columbia. The company states it will be “a payment service to make instant bitcoin powered purchases possible when all you have is a credit (or debit) card.”

Read this news in full at http://www.investorideas.com/CO/SING/news/2017/08071Bitcoin.asp

The company has done extensive research and the application will be KYC-AML compliant.

Through a simple sign up form and easy ID verification component customer will be able to set up their account online beforehand or will be able to sign up within seconds directly at the point of sale. SinglePoint has seen a similar type of solution being utilized abroad but not yet in the United States. As a early mover in building this solution company management is confident there will be a strong market for the solution and has already starting collecting potential customers through the company website.

Beyond Bitcoin, SinglePoint is currently in negotiations to make a major purchase from a company that has recently ICO'ed a cannabis specific currency to be used specifically in the cannabis industry. SinglePoint will roll this into its point of sale crypto currency offering.

Enabling the consumer to purchase which ever coin they would like to as well as giving the dispensaries this option of which coin they would like to accept, which could be a both.

According to a new report by Grand View Research the Cannabis Market is project to reach $55.8 billion by 2025. This presents a major opportunity for SinglePoint to generate additional revenue through platform fees and transactional fees.

"We are very excited about this solution. We have been working since 2014 and believe then Bitcoin would have an impact on the cannabis industry. With the currencies new found consumer adoption we believe this is the time to execute and we are doing that in a big way. We have employed an expert and he has architected exactly what we need. Sign up, Swipe and Pay. At the end of the transaction if there is left over Bitcoin the consumer walks away with it. The bottom line is its easy and almost gives the customer the same experience they are used to using every day." states, Wil Ralston, President of SinglePoint.

SinglePoint has engaged TopTal a San Francisco based company providing freelance engineers to build out the Bitcoin based solution. SinglePoint is targeting to have a beta solution ready for testing and a major launch at the Las Vegas Marijuana Business MJBIZCON November 14^th - 17^th. SinglePoint plans to partner with multiple retail cannabis stores in the area and have conference attendees sign up at the SinglePoint booth to receive a discount at a local retail store.

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.

 

Connect on social media at:

https://www.facebook.com/SinglePointMobile

https://twitter.com/_SinglePoint_

https://www.linkedin.com/company-beta/165982/

 

Forward-Looking Statements

Certain statements in this news release may contain forward-looking information within the meaning of Rule 175 under the Securities Act of 1933 and Rule 3b-6 under the Securities Exchange Act of 1934, and are subject to the safe harbor created by those rules. All statements, other than statements of fact, included in this release, including, without limitation, statements regarding potential future plans and objectives of the Company, are forward-looking statements that involve risks and uncertainties. There can be no assurance that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements.

Technical complications, which may arise, could prevent the prompt implementation of any strategically significant plan(s) outlined above. The Company undertakes no duty to revise or update any forward-looking statements to reflect events or circumstances after the date of this release.

 

Contact:

SinglePoint, Inc.
Greg Lambrecht
602.481.1544

 

 

Disclosure: SinglePoint, Inc. (OTC: $SING) is featured on the 420 Cannabis Investor Ideas of 2017 at www.420cannabisinvestorideas.com

 

SinglePoint, Inc. (OTC: SING) is a featured company on Investorideas.com
View the profile on Investorideas.com

 

Disclaimer: This directory is not a recommendation to buy or sell securities or products or services Investorideas.com charges a fee for placement. The directory is not an endorsement or recommendation but meant to be an investor resource/ due diligence tool.

Disclaimer/Disclosure: Investorideas.com is a digital publisher of third party sourced news, articles and equity research as well as creates original content, including video, interviews and articles. Original content created by investorideas is protected by copyright laws other than syndication rights. Our site does not make recommendations for purchases or sale of stocks, services or products. Nothing on our sites should be construed as an offer or solicitation to buy or sell products or securities. All investment involves risk and possible loss of investment. This site is currently compensated for news publication and distribution, social media and marketing, content creation and more. Contact each company directly regarding content and press release questions. Disclosure is posted for each compensated news release, content published /created if required but otherwise the news was not compensated for and was published for the sole interest of our readers and followers. More disclaimer info: http://www.investorideas.com/About/Disclaimer.asp. Disclosure: Companies Featured on the 420 Cannabis Investor Ideas have paid a one-time fee of Up to $1000 to be featured on the directory and SING is also a paid featured cannabis and bitcoin company for news and PR social media

Additional info regarding BC Residents and global Investors: Effective September 15 2008 - all BC investors should review all OTC and Pink sheet listed companies for adherence in new disclosure filings and filing appropriate documents with Sedar. Read for more info: http://www.bcsc.bc.ca/release.aspx?id=6894. Global investors must adhere to regulations of each country.

 

 

Bitcoin, Blockchain and Digital Currency Stocks and ICO's

 

Like Bitcoin, Blockchain and Digital Currency Stocks? View our Bitcoin, Blockchain and Digital Currency Stocks Directory