SinglePoint, Inc. (SING) and SingleSeed Continue Focus on Payment Solutions for Cannabis Industry

  • SinglePoint’s development of SingleSeed payments provides attractive option to cannabis consumers and retail merchants with a new, proprietary bitcoin exchange
  • New, in-house payment solution will be KYC-AML compliant, allowing retailers and consumers to complete transactions with confidence
  • SingleSeed payment option can be used to purchase any retail product, not just cannabis-based items, through bitcoin-powered purchases using debit and credit cards

SinglePoint, Inc. (OTC: SING) has grown from a full-service mobile technology provider to a publicly-traded holding company building a diversified holding base. The development of its SingleSeed subsidiary is geared toward solving an industry-wide payment problem plaguing the expanding legal cannabis market.

Analysts predict that the medical marijuana and recreational cannabis market in the United States alone could be worth upward of $50 billion by 2026. In order to successfully ride such a trajectory, SinglePoint and its investors knew a critical component of the business model was missing: a way to process…

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