Cannabis and Cryptocurrency: The Time Is Now Via NetworkNewsWire
NEW YORK, NY--(Marketwired - Aug 23, 2017) - NetworkNewsWire ("NNW"), a multifaceted financial news and publishing company, today announces the publication of an editorial featuring SinglePoint, Inc. (OTC: 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, "Cannabis and Cryptocurrency: The Time Is Now," highlights several companies utilizing cryptocurrency to address the lack of banking options in the cannabis sector.
To view the full publication, visit: https://www.networknewswire.com/cannabis-cryptocurrency-time-now/
"A cannabis-specific cryptocurrency known as $Weed was recently purchased (http://nnw.fm/M9vYG) by SinglePoint from First Bitcoin Capital Corp (BITCF) and will also be incorporated into SinglePoint's cryptocurrency solution, enabling marijuana dispensaries and customers to complete transactions using either bitcoin or $Weed. A recent initial coin offering (ICO) for $Weed resulted in an impressive yet illiquid market cap of nearly $60 million.
"While cryptocurrency wallets can be obtained at the point of sale through SinglePoint's solution, SinglePoint and BITCF intend to implement a consumer-first approach and invest heavily in enticing customers to sign up for their cryptocurrency wallets ahead of time. This will ensure consumers can make their onsite cannabis product purchases without delay, and it also lets vendors deploy loyalty programs, special offers and more and to access consumer data regarding products."
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.