- SinglePoint capitalizing on exceptional growth in legal cannabis and cryptocurrency markets via its subsidiary, SingleSeed
- Bitcoin price has increased from $1,000 to over $15,000 in the last year
- Legal cannabis market forecast to reach more than $63 billion by 2024
A diversified holding company with operations in multiple industries and verticals, SinglePoint, Inc. (OTC: SING) is focused on providing full-service mobile technology solutions by capitalizing on two high-performing market sectors, legal cannabis and cryptocurrencies. Over the past year, the price of bitcoin has exploded, from just over $1,000 in January 2017 to over $15,000 on January 9, 2018. The legal cannabis market has also seen significant growth with increasing legalization in North America and Europe, and it’s projected to reach over $63 billion in global sales by 2024, up from just over $14 billion in 2016 (http://cnw.fm/tnR41).
SinglePoint will proceed with a full launch of its subsidiary, SingleSeed, during the first quarter of 2018 to provide a platform for retailers and consumers in the legal cannabis industry to process cryptocurrency payments. Based on blockchain technology, the SingleSeed platform is a proprietary payment processing app that enables payment by bitcoin instead of conventional currency. Blockchain technology facilitates a more efficient, faster and more secure payment process, as well as…
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