Singlepoint, Inc. (SING)

Our latest clients all have the potential to grow significantly in the near and long-term future

Re: Singlepoint, Inc. (SING)

Postby QualityStocks » Wed Dec 27, 2017 5:40 pm

NetworkNewsBreaks – CNBC Publication Highlights SinglePoint, Inc.’s (SING) SingleSeed as Alternative for Cash-only Cannabis Industry

SinglePoint’s (OTC: SING) mobile app SingleSeed is gaining attention thanks to a CNBC article on its ability to help cannabis dispensaries and customers exchange funds through bitcoin. Using debit or credit cards, consumers can make purchases without the need to rely on conventional banks that may be reluctant to transact business with the cannabis industry amid ongoing controversy about federal drug policy. An article discussing this reads: “It was obvious banks didn’t want to handle legal marijuana transactions, … which meant cannabis retailers and consumers were forced to bring cash to the table, and it was apparent that an alternative payment form was desperately needed. The addition of the SingleSeed app to the cannabis market could solve the industry’s glaring ‘unbankable’ problem, since dispensaries and consumers alike could use the app to accept and make purchases using bitcoin.”
The QualityStocks Daily Newsletter http://Newsletter.QualityStocks.net

The QualityStocks Daily Blogs http://Blog.QualityStocks.net

Please read FULL Compensation Disclosures and other disclaimers at http://www.qualitystocks.net/disclaimer.php
QualityStocks
Site Admin
 
Posts: 1469
Joined: Mon May 21, 2007 7:58 pm
Location: Scottsdale, AZ

Re: Singlepoint, Inc. (SING)

Postby QualityStocks » Thu Jan 04, 2018 5:12 pm

NetworkNewsBreaks – SinglePoint, Inc. (SING) Aims to Provide Fully Integrated Solution for Cannabis Companies

Full-service mobile technology provider SinglePoint (OTC: SING) is on a mission to build a fully integrated solution for cannabis businesses to help manage day-to-day operations from beginning to end. An article discussing this reads: “SinglePoint, Inc. (OTC: SING) has been cited by the The Greensheet Online Edition for building a “soup-to-nuts” platform for payment processing in the cryptocurrency and cannabis industries (http://nnw.fm/8A7bm). The goal, according to Wil Ralston, SING president, is to have a “fully integrated solution for businesses to manage their day-to-day operations from beginning to end.” Greensheet prominently mentioned SinglePoint in a section titled, “Workarounds Emerging.” It detailed how SinglePoint is a company offering solutions to the cryptocurrency and cannabis industries.”
The QualityStocks Daily Newsletter http://Newsletter.QualityStocks.net

The QualityStocks Daily Blogs http://Blog.QualityStocks.net

Please read FULL Compensation Disclosures and other disclaimers at http://www.qualitystocks.net/disclaimer.php
QualityStocks
Site Admin
 
Posts: 1469
Joined: Mon May 21, 2007 7:58 pm
Location: Scottsdale, AZ

Re: Singlepoint, Inc. (SING)

Postby QualityStocks » Fri Jan 05, 2018 6:09 pm

SinglePoint, Inc. (SING) Poised to Unite Booming Markets with Comprehensive Solutions

- SING at the forefront of $24.5 billion legal cannabis industry and rapidly-growing cryptocurrency market
- The company plans full launch of its proprietary bitcoin-powered credit-debit payment processing platform and end-to-end solutions
- Recent and planned key acquisitions and joint ventures will strengthen SING’s position in booming markets

As a pioneering and innovative company that offers mobile, technology-driven solutions in various markets, including those to be considered high-risk, SinglePoint, Inc. (OTC: SING) is at the forefront of booming sectors including the legal cannabis industry and the cryptocurrency market. With legal marijuana sales projected to reach upward of $24.5 billion by 2021 (http://nnw.fm/Btwh5), coupled with the exponential rise of bitcoin (http://nnw.fm/V2Of5), the company is poised to offer comprehensive payment and end-to-end solutions that unite the exploding markets.

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.

The fully KYC-AML compliant solution was designed to bypass current federal restrictions and provide cannabis businesses and customers with critically-needed financial transactions, but it is customizable to any company and industry. The payment service provides ease and efficiency of user signup and verification to enable online and prior-to-sale account registration or immediate point-of-sale cryptocurrency transactions.

As addressed in a recent editorial highlighting innovators and opportunities in the skyrocketing market, the potential of solutions by pioneering companies like SING that utilize bitcoin and other cryptocurrencies are clear and will continue to have wide and cross-industry application (http://nnw.fm/0gkRu). Another article (http://nnw.fm/RVg5E) highlights its industry-wide potential, stating, “Beyond changing the game for U.S. cannabis businesses, this pioneering payment exchange can, and likely will, go even further, enabling businesses of all types — in both high-risk and low-risk markets — to conduct instant card-based transactions that are powered by bitcoin.”

In the meantime, SING is poised to strengthen its position in the rapidly-growing cannabis and cryptocurrency markets. The company strives to continue to solve key issues with the ultimate goal of providing comprehensive, fully-integrated and end-to-end solutions for cannabis companies to manage all daily operations. This is clear with the company’s recent and planned strategic acquisitions and key joint ventures including, but not limited to, its agreements with Global Payout (OTC: GOHE) and AppSwarm (OTC: SWRM). The agreements with GOHE and SWRM will combine strengths to produce further cryptocurrency and payment solution options for the cannabis industry, as well as provide additional value-added solutions that include licensed in-home delivery services.

For more information, visit the company’s website at www.SinglePoint.com
The QualityStocks Daily Newsletter http://Newsletter.QualityStocks.net

The QualityStocks Daily Blogs http://Blog.QualityStocks.net

Please read FULL Compensation Disclosures and other disclaimers at http://www.qualitystocks.net/disclaimer.php
QualityStocks
Site Admin
 
Posts: 1469
Joined: Mon May 21, 2007 7:58 pm
Location: Scottsdale, AZ

Re: Singlepoint, Inc. (SING)

Postby QualityStocks » Mon Jan 08, 2018 6:31 pm

NetworkNewsBreaks – SinglePoint, Inc. (SING) Serving Two Major Markets Through SingleSeed Subsidiary

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.”
The QualityStocks Daily Newsletter http://Newsletter.QualityStocks.net

The QualityStocks Daily Blogs http://Blog.QualityStocks.net

Please read FULL Compensation Disclosures and other disclaimers at http://www.qualitystocks.net/disclaimer.php
QualityStocks
Site Admin
 
Posts: 1469
Joined: Mon May 21, 2007 7:58 pm
Location: Scottsdale, AZ

Re: Singlepoint, Inc. (SING)

Postby QualityStocks » Tue Jan 09, 2018 5:25 pm

Bitcoin’s Rise Speeds the Adoption of Cryptocurrency-Based Payment Solutions

NetworkNewsWire Editorial Coverage: The meteoric rise in the price of bitcoin in 2017, from just under $1,000 to above $15,000 at year-end, has attracted the attention of investors around the world. Powered by the blockchain, the distributed ledger technology which verifies transactions without the need for third-party validation, the cryptocurrency made great strides during the past year in achieving acceptance by businesses willing to accept it as a means of payment. Investors looking beyond bitcoin itself to find companies that stand to benefit from the growing usage of bitcoin for commercial transactions have a number of options to choose from, including SinglePoint, Inc. (SING) (SING Profile) and Square, Inc. (SQ). Even industry behemoths like Discover Financial Services (DFS), International Business Machines Corp. (IBM) and Mastercard, Inc. (MA) are getting on board to one degree or another, poised to take advantage of the disruptive potential of cryptocurrencies to facilitate the payment process.

SinglePoint, Inc. (SING) has established itself in the burgeoning market for cryptocurrency transaction platforms. Through diversification into horizontal markets, SinglePoint has developed from a full-service mobile technology provider into a holding company focused on building its portfolio by acquiring interests in undervalued subsidiaries. The company has developed, through its SingleSeed subsidiary, a proprietary bitcoin payments solution designed to allow cannabis merchants and customers to use bitcoin-enabled debit and credit cards to conduct transactions. SinglePoint’s solution is in full compliance with KYC-AML and is eligible for deployment in all types of businesses, giving it potential beyond the cannabis market.

A cryptocurrency like bitcoin has the potential to help serve the needs of under-banked markets such as the cannabis industry. The classification of cannabis as a Schedule 1 drug at the federal level under the Controlled Substances Act prevents most industry merchants from using traditional banking services. This makes such businesses virtually unbankable, forcing them to deal in cash with all the inconvenience that can bring.

With its SingleSeed Payments platform, SinglePoint has taken the lead in the U.S. in payment solutions for the industry. This platform provides customers in any state where marijuana is legal the convenience of transacting bitcoin-enabled purchases with their debit and credit cards, similar to how they would use these cards to purchase any other item. SingleSeed Payments also allow cannabis dispensaries to digitally keep track of product inventories and to upload product data like photos and descriptions. When products are purchased the system automatically accounts for the reduction in inventory in the merchant’s product listings.

This proprietary bitcoin exchange (app.singlessed.com) underwent a soft launch on November 15, 2017, with an official launch planned for the first quarter of 2018. Even if cannabis is legalized at the federal level at some future time, the SingleSeed app is poised to expand its use as an effective tool for handling retail cannabis payments using cryptocurrency. Ultimately, the company hopes to provide a completely integrated solution that can be used by all types of businesses for end-to-end management of their day-to-day business operations.

After achieving significant growth in 2017, SinglePoint is well prepared to continue this trajectory in 2018. The company has formalized a joint-venture agreement that it had previously announced with AppSwarm (SWRM) to begin development on an application that will make it possible for licensed cannabis delivery services and dispensaries to safely make in home deliveries. Through this and other agreements and partnerships and product offerings, SinglePoint has positioned itself in the forefront of both the cannabis and cryptocurrency markets.

The company has entered into an agreement to advance and streamline the process involving the delivery of payment applications with Global Payout (GOHE), a provider of customized financial technology solutions. SinglePoint hopes to leverage its expertise in mobile payments and associated mobile offerings to work with Global Payment’s MoneyTrac (“MTRAC”) subsidiary, which is developing payment solutions for the cannabis industry, to further the optimization of its technology platform and add value to the services it offers.

SinglePoint President Wil Ralston recently stated: “Through strategic joint ventures and inside development of applications we are pushing hard on providing a compliant solution to the cannabis industry. Our team and others have worked well in collaboration, and believe we are not far away from an official launch of this solution in the first quarter of 2018.”

SinglePoint has also formed another strategic joint venture, in this case with Smart Cannabis Corp (SCNA). Smart Cannabis provides automated greenhouse systems as well as its unique SMART APP, which offers seed-to-sale monitoring and automation for cannabis growers. The firm is one of the few companies in the cannabis sector which is profitable. The SMART APP enables cultivators to control their operations from a mobile device. The two companies plan to collaborate to integrate the app with SinglePoint’s bitcoin payment solution, enabling cultivators to accept payment for their product through the payment application, improving the safety and security of such transactions.

“Cultivators need a solution to secure their payments. We are looking to provide a solution that can be used from seed to sale, the entire life cycle. The transaction from a cultivator to a processor or dispensary can be huge, over $150,000 per transaction, and it is simply not safe or efficient to carry that kind of cash to a transaction,” Ralston stated. With California legalizing recreational marijuana sales in 2018, this partnership helps position SinglePoint to serve the expected increase in business in the state. The company has taken other steps to position itself to benefit from the legalization of cannabis in California, including acquiring California-based Discount Indoor Garden Supply and investing in Convectium, a cannabis equipment supplier located in the state.

Legal marijuana sales are currently experiencing robust growth. Sales are slated to amount to approximately $9.7 billion in North America in 2017, 33 percent higher than in 2016, with industry observers forecasting the market to rise to upward of $24.5 billion in sales by 2021, according to an article in Business Insider (http://nnw.fm/G6fKK). With the cannabis industry ideally suited to pioneer the practice of fully blending cryptocurrencies into its day-to-day operating practices, SinglePoint has positioned itself to offer industry participants a solution that helps them efficiently integrate bitcoin-based payments into their operations. As a result, the company is well placed to take advantage of the tremendous growth expected in the sector.

Building on the company’s success in 2017, SinglePoint’s management team plans to undertake an aggressive expansion strategy. Management believes the multiple joint ventures and agreements the company has signed will provide fruitful results going forward, and plans to continue the strategy of making acquisitions, which has been a powerful catalyst for corporate growth, in 2018. SinglePoint’s management remains bullish on the use of bitcoin and blockchain technologies to solve key issues in the cannabis markets, and will seek out companies to acquire and partner with to bring solutions to this growing market throughout the year.

Another company which has taken steps to offer consumers the ability to participate in the cryptocurrency revolution is Square, Inc. (SQ), which provides credit card payment processing solutions. The company also offers point-of-sale services, financial services, and marketing services. The company has released a beta trial enabling users to buy and sell bitcoin on its cash app. The move was welcomed by investors who bid the company’s stock up more than 100 percent in 2017, as it rose from the approximately $15 in January to end the year at $34.67.

A major financial services firm which is closely watching the cryptocurrency space and the development of blockchain technology is Discover Financial Services (DFS), a direct banking and payment services company that is one of the largest U.S.-based card issuers. The company issues the Discover card and offers a variety of loans and other services through its direct banking network. In an article on the Discover Global Network, bitcoin and other types of payments driven by blockchain technology were described as being even more like cash than a debit transaction would be, meaning that industries beyond payment technology may want to consider how blockchain technology could be used to help add efficiency to the management of data and information.

A well-known name in computer technology for decades, IBM (IBM) has wasted no time in taking steps to capitalize on the power of the blockchain. The company recently started processing payments between banks in the South Pacific using a proprietary blockchain platform it developed. Another notable example of IBM’s use of the blockchain is its partnership with mega retailer Walmart to utilize a combination of IoT (Internet of Things) sensors along with the blockchain to track produce from farm to fork, allowing for the rapid removal of any product which experiences quality issues. Traditionally, paper tracking systems have been used for this purpose, which can allow for inaccuracies and slow down the process of tracing food products. Using the blockchain, tracking information on a product can be called up in as little as 2.2 seconds rather than the multiple days it might have taken previously.

Global payments technology giant Mastercard (MA) is another major corporation making a move to utilize the blockchain technology underlying cryptocurrencies such as bitcoin for payment processing. The company is now allowing some customers to send money via a blockchain instead of swiping a credit card. Mastercard has developed its own blockchain which it has announced is now available to certain banks and merchants to use to send payments for goods and services. Mastercard joins its fellow fortune 500 company IBM in allowing payments to be made over a proprietary blockchain system.

Mastercard’s blockchain is different from IBM’s in that, while the IBM blockchain utilizes Lumens, a virtual currency developed by the non-profit Stellar, the Mastercard blockchain doesn’t use a cryptocurrency to operate, instead accepting payments only in traditional local money. In addition to payments, Mastercard also envisions the use of the blockchain for applications such as tracking the movement of goods such as pharmaceuticals or luxury goods, providing authenticity data for these goods and thereby reducing fraud.

The stunning ascent in bitcoin’s price in 2017 has helped pave the way for the use of the cryptocurrency and the blockchain technology on which it is based for a number of business purposes, among the most promising being the processing of payments where the transparency and efficiency of the technology improves existing practices. Given the hurdles to conducting cannabis transactions through traditional banking networks, this industry is among the most prominent targets for the use of bitcoin in this manner. The companies mentioned above are all positioned to play a major role in the developing trend of blockchain and cryptocurrency-based payment solutions, making them worthy of further investigation by investors looking to capitalize on the disruptive power of cryptocurrencies and the technology behind them.

For more information on SinglePoint, visit: SinglePoint, Inc. (SING)
The QualityStocks Daily Newsletter http://Newsletter.QualityStocks.net

The QualityStocks Daily Blogs http://Blog.QualityStocks.net

Please read FULL Compensation Disclosures and other disclaimers at http://www.qualitystocks.net/disclaimer.php
QualityStocks
Site Admin
 
Posts: 1469
Joined: Mon May 21, 2007 7:58 pm
Location: Scottsdale, AZ

Re: Singlepoint, Inc. (SING)

Postby QualityStocks » Wed Jan 10, 2018 6:11 pm

NetworkNewsBreaks – SinglePoint, Inc. (SING) Teams with Kevin Harrington to Launch National TV Campaign

Specialized holding company SinglePoint, Inc. (OTC: SING) this morning announced a long-term global collaboration with Kevin Harrington, an original ‘shark’ on the hit TV show Shark Tank and creator of the ‘As Seen on TV’ industry. As part of this partnership, Harrington will work hand-in-hand with SinglePoint to launch a range of services in the company’s cryptocurrency division. “Kevin’s legendary work producing the launch of more than 500 products is just one of the many reasons we are thrilled about this partnership,” Wil Ralston, president of SinglePoint, stated in the news release. “Impressively, 20 of Kevin’s companies have each topped $100 million in revenue. We look forward to partnering with such a visionary individual and discovering what this means for the future of SinglePoint.” SinglePoint’s national TV campaign featuring Harrington as spokesman is scheduled to begin production on January 19, 2018. The company intends to air the campaign on major financial news networks such as CNN and Fox News.
The QualityStocks Daily Newsletter http://Newsletter.QualityStocks.net

The QualityStocks Daily Blogs http://Blog.QualityStocks.net

Please read FULL Compensation Disclosures and other disclaimers at http://www.qualitystocks.net/disclaimer.php
QualityStocks
Site Admin
 
Posts: 1469
Joined: Mon May 21, 2007 7:58 pm
Location: Scottsdale, AZ

Re: Singlepoint, Inc. (SING)

Postby QualityStocks » Fri Jan 12, 2018 9:14 pm

SinglePoint, Inc. (SING) Facilitates Cryptocurrency Payment Solutions through SingleSeed Platform

- 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://nnw.fm/bkR9Y).

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 providing an alternative to many operators in the cannabis sector that don’t have access to traditional banking processes.

Apart from facilitating cryptocurrency payments, the SingleSeed app enables merchants to upload photos and descriptions of their products, and track and update inventories. The app is user-friendly, providing an easy, efficient account registration process to facilitate immediate point-of-sale transactions. The platform also enables dispensaries to use it for text message marketing in order to develop customer relationships and build trust.

While SingleSeed was designed to provide a payment solution to the cannabis industry, it is not industry-specific, and SinglePoint will be able to customize the platform for any industry application in the future. SinglePoint’s proprietary payments solution is currently based on bitcoin, but the company intends to accommodate ethereum in the near future. Currently priced at over $1,200, ethereum could triple in value by the end of the year, according to co-founder Steven Narayoff (http://nnw.fm/hKt7l). SinglePoint’s ultimate goal is to accommodate payments by both cryptocurrencies within its integrated mobile solutions for use by enterprises of all kinds.

With a market cap of over $100 million, SinglePoint is focused on acquisitions of small to medium-sized companies that have developed innovative technologies to expand its portfolio, with a view of providing investors with investment opportunities across a wide range of assets. On December 5, 2017, the company announced a joint venture with Smart Cannabis Corporation (OTC: SCNA) to license and market Smart Cannabis’ SMART APP. Based on IoT technology, SMART APP enables cannabis growers to measure all aspects of cultivation, from soil nutrient levels to watering cycles and carbon dioxide content in the air. As part of the joint venture agreement, SMART APP will integrate SinglePoint’s bitcoin payment solution to enable growers to process safer and more secure transactions. SinglePoint also entered joint venture agreements with Global Payout (OTC: GOHE) and AppSwarm (OTC: SWRM) last year to strengthen its cryptocurrency payment services and to provide value-added solutions, including licensed in-home delivery services.

For more information, visit the company’s website at www.SinglePoint.com
The QualityStocks Daily Newsletter http://Newsletter.QualityStocks.net

The QualityStocks Daily Blogs http://Blog.QualityStocks.net

Please read FULL Compensation Disclosures and other disclaimers at http://www.qualitystocks.net/disclaimer.php
QualityStocks
Site Admin
 
Posts: 1469
Joined: Mon May 21, 2007 7:58 pm
Location: Scottsdale, AZ

Re: Singlepoint, Inc. (SING)

Postby QualityStocks » Fri Jan 19, 2018 7:02 pm

NetworkNewsBreaks – SingleSeed by SinglePoint, Inc. (SING) Set to Launch Payment Solution App

Specialized holding company SinglePoint, Inc. (OTC: SING) is set to launch its SingleSeed platform in the first quarter of 2018. The subsidiary was designed to provide a payment solution to the cannabis industry, a booming market forecasted to reach more than $63 billion by 2024. An article discussing the company reads: “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 providing an alternative to many operators in the cannabis sector that don’t have access to traditional banking processes.”
The QualityStocks Daily Newsletter http://Newsletter.QualityStocks.net

The QualityStocks Daily Blogs http://Blog.QualityStocks.net

Please read FULL Compensation Disclosures and other disclaimers at http://www.qualitystocks.net/disclaimer.php
QualityStocks
Site Admin
 
Posts: 1469
Joined: Mon May 21, 2007 7:58 pm
Location: Scottsdale, AZ

Re: Singlepoint, Inc. (SING)

Postby QualityStocks » Tue Jan 23, 2018 5:16 pm

NetworkNewsBreaks – SinglePoint, Inc. (SING) Enters LOI to Acquire Bitcoin Beyond

Specialized holding company SinglePoint, Inc. (OTC: SING) this morning announced its entry into a letter of intent to acquire 100 percent of Bitcoin Beyond, a premier platform that enables merchants to accept bitcoin payments using their existing web-enabled point-of-sale devices. Per the update, the acquisition, priced at $1 million all stock, is expected to provide SinglePoint with a full end-to-end purchasing experience that supplies merchants and bitcoin users with unprecedented capabilities. “We are thrilled with this opportunity,” Wil Ralston, president of SinglePoint, stated in the news release. “Acquiring Bitcoin Beyond put us ahead of what we believe merchants have access to now. This platform has by far the easiest user interface we have seen in the market, and we are confident merchants will be quick to adopt this solution as it stands as the sole alternative to traditional options offered to the cannabis industry.”
The QualityStocks Daily Newsletter http://Newsletter.QualityStocks.net

The QualityStocks Daily Blogs http://Blog.QualityStocks.net

Please read FULL Compensation Disclosures and other disclaimers at http://www.qualitystocks.net/disclaimer.php
QualityStocks
Site Admin
 
Posts: 1469
Joined: Mon May 21, 2007 7:58 pm
Location: Scottsdale, AZ

Re: Singlepoint, Inc. (SING)

Postby QualityStocks » Fri Jan 26, 2018 8:13 am

SinglePoint, Inc. (SING) Remains Bullish Regarding Use of Bitcoin, Blockchain Technologies to Solve Cannabis Industry’s Payment Problems

- Company’s bitcoin payments solution allows underbanked cannabis merchants to accept bitcoin-backed card transactions
- Proprietary bitcoin exchange soft-launched in November 2017; official launch scheduled for Q1 2018
- Company recently announced LOI to acquire Bitcoin Beyond

SinglePoint, Inc. (OTC: SING) has evolved from a full-service mobile technology provider to a publicly traded holding company, diversifying into horizontal markets and building a robust portfolio and a diversified holding base by acquiring an interest in undervalued subsidiaries. Through subsidiary company SingleSeed, SinglePoint is successfully offering products and services to the cannabis industry, including, notably, a proprietary bitcoin payments solution that enables both cannabis merchants and consumers to make bitcoin-powered transactions using debit and credit cards. This was discussed in detail in a recent article (http://nnw.fm/Xc2fN).

This innovative solution is fully KYC-AML compliant and also has applicability that transcends the cannabis industry and can be deployed in various kinds of businesses to allow the completion of bitcoin transactions using payment cards. Such a solution is ideal for underbanked markets like the cannabis industry, which currently lacks traditional banking options in the United States due to its continued federal status as a Schedule I drug. Where U.S. cannabis vendors have primarily been forced to deal in cash, bitcoin solutions like that offered by SinglePoint allow customers to make convenient card-based purchases, just as they would in other types of stores while buying any other type of merchandise.

In any state where cannabis enjoys legal status, the SingleSeed payments platform can be used. In addition to making bitcoin-backed card purchases possible, the solution enables cannabis dispensaries to digitally track and manage their product inventories, performing tasks like uploading product data, photos and descriptions. The system further deducts items automatically from a dispensary’s product listings when a purchase is made.

SinglePoint’s proprietary solution, SingleSeed Payments (http://nnw.fm/UH9l4), was soft-launched in November 2017, and the official launch of the payments solution is scheduled to take place during Q1 of 2018.

The benefits of SinglePoint’s bitcoin solution in providing payment options while cannabis remains federally illegal are clear. However, should cannabis be legalized at the federal level in the U.S. at some future point, the SingleSeed app will not cease to be needful but is actually positioned to expand as a useful tool for managing cryptocurrency-based retail cannabis payments. The company also has traditional payment solutions ready to go in the event that banks start accepting cannabis businesses for merchant processing.

The ultimate aim of SinglePoint is to offer a fully integrated solution that can be utilized for end-to-end management by businesses of all types.

SinglePoint’s management team continues to be bullish regarding the use of bitcoin and blockchain technologies as means of overcoming key obstacles within the cannabis market. The company plans to seek out acquisitions and partnerships with other entities during 2018 to continue bringing innovative solutions to this burgeoning market. One such effort was announced on January 23, when SinglePoint announced a letter of intent to acquire 100 percent of premier web-enabled, point-of-sale bitcoin payments platform Bitcoin Beyond (http://nnw.fm/0KtMb).

For more information, visit the company’s website at www.SinglePoint.com
The QualityStocks Daily Newsletter http://Newsletter.QualityStocks.net

The QualityStocks Daily Blogs http://Blog.QualityStocks.net

Please read FULL Compensation Disclosures and other disclaimers at http://www.qualitystocks.net/disclaimer.php
QualityStocks
Site Admin
 
Posts: 1469
Joined: Mon May 21, 2007 7:58 pm
Location: Scottsdale, AZ

Re: Singlepoint, Inc. (SING)

Postby QualityStocks » Fri Jan 26, 2018 4:09 pm

NetworkNewsBreaks – SinglePoint, Inc. (SING) CEO Discusses New National Ad Campaign in Interview on MoneyTV

Specialized holding company SinglePoint, Inc. (OTC: SING) was a featured company on this week’s episode of MoneyTV with Donald Baillargeon. MoneyTV is an internationally syndicated television program discussing “money and what makes it happen.” In this week’s episode, SinglePoint CEO Greg Lambrecht and the company’s spokesman Kevin Harrington, an original Shark Tank member, announced a new national ad campaign. The new ad will demonstrate to viewers how to download coins to their virtual wallet. The company’s innovative platform offers its users a compatible wallet to store any type of cryptocurrency. Singlepoint expects to launch the ad campaign in the first quarter of 2018. “That’s our main focus, to help people get in to this business,” SinglePoint CEO Greg Lambrecht stated in the interview.
The QualityStocks Daily Newsletter http://Newsletter.QualityStocks.net

The QualityStocks Daily Blogs http://Blog.QualityStocks.net

Please read FULL Compensation Disclosures and other disclaimers at http://www.qualitystocks.net/disclaimer.php
QualityStocks
Site Admin
 
Posts: 1469
Joined: Mon May 21, 2007 7:58 pm
Location: Scottsdale, AZ

Re: Singlepoint, Inc. (SING)

Postby QualityStocks » Tue Jan 30, 2018 5:17 pm

How Blockchain is Transforming Payments and More

NetworkNewsWire Editorial Coverage: Less than a decade ago, blockchain sounded like the fodder of science fiction; today, the technology is demonstrating its ability to revolutionize the finance industry. By stepping outside the existing payment structures, blockchain provides a new and secure way to execute financial transactions. The use of the technology is rapidly expanding, and because of the innovative nature of the technology, its wide-ranging possibilities are being explored and developed by a range of companies with unique objectives. Some, such as SinglePoint, Inc. (SING) (SING Profile), are looking at how to integrate these technologies to provide a better service for select markets. While alarming articles predict the bursting of the “blockchain bubble,” established companies such as Bank of America Corp. (BAC) and Mastercard, Inc. (MA) have moved to adopt blockchain technology, signalling its acceptance by mainstream banking. Meanwhile, companies such as Bitcoin Services, Inc. (BTSC) and Discover Financial Services (DFS) continue looking for new ways to exploit the technology’s potential.

The Future of Payment

Blockchain is a system for recording and sharing information, including financial data. Because of the way data is stored within a blockchain, there is no need for a central organization tasked with controlling records. This decentralization makes it easier to transfer data or money while reducing the risk of fraud or error. The benefits are such that the World Economic Forum has predicted that 10% of GDP will be stored on blockchain technology by 2025.

Blockchain has become famous mostly through the meteoric rise of bitcoin, which has seen the market value of cryptocurrencies rise to over $540 billion. But its use goes far beyond this. Its ability to verify clients and products is expected to lead to better records of property ownership and certification of diamonds. It could provide smart contracts that automatically pay out when success criteria are hit. By acting as a secure system for direct payments, it will reduce the need for intermediaries in financial systems, allowing people to make payments more quickly and directly.

Putting the Pieces Together

One of the companies seeking to take advantage of these capabilities is SinglePoint (SING), which has grown from a mobile technology provider into a diverse holding company with a growing portfolio of investments in blockchain-related technology. SinglePoint’s aggressive, acquisition-based growth strategy has seen it dramatically expand its services and brand awareness in the investment community.

SinglePoint is implementing blockchain to the core of its business strategy, specifically as it pertains to the cannabis and other “high-risk” industries. By acquiring companies and technologies with established roots in blockchain services, SinglePoint can provide increasingly integrated options for blockchain-based payment systems. For example, the company’s recent agreement to acquire Bitcoin Beyond will provide SinglePoint a user-friendly point-of-sale payment system that will provide merchants and bitcoin users a range of unprecedented capabilities. Bitcoin Beyond was created to overcome the challenges of merchants in the cannabis industry, which is crippled by cash management issues due to the lack of banking options. Functioning as a general-purpose point-of-sale system, Bitcoin Beyond is poised to address the growing demand for fast and reliable electronic payment processing for the cannabis industry.

“We are thrilled with this opportunity. Acquiring Bitcoin Beyond put us ahead of what we believe merchants have access to now. This platform has by far the easiest user interface we have seen in the market, and we are confident merchants will be quick to adopt this solution as it stands as the sole alternative to traditional options offered to the cannabis industry,” SinglePoint President Wil Ralston stated in the press release (http://nnw.fm/l7DK5).

One of the advantages of the Bitcoin Beyond System is that it makes cryptocurrency transactions easy by instantly doing the conversion for USD for merchants and customers. It can process payments in bitcoin, the most popular blockchain payment system, from any web-enabled terminal available at checkout, from a cell phone or tablet to a full PC.

SinglePoint also has its own proprietary bitcoin exchange (app.singleseed.com), launched in November 2017. Customers can easily sign up using a credit or debit card, then use the system to benefit from blockchain’s quick, secure payments.

SinglePoint’s commitment to integrated solutions extends beyond acquiring companies and into collaborations. The company has agreements with various businesses, including fintech solutions provider Global Payout (GOHE), to advance and streamline the process involved in delivering payment applications.

The company has also teamed up with SharkTank veteran and entrepreneur Kevin Harrington – which has led 20 companies to reach revenues of over $100 million – to develop and promote a range of cryptocurrency projects, including SinglePoint’s exchange and bitcoin payment platform and the integration of Procurrency, an e-commerce and rewards platform using blockchain currency (http://nnw.fm/qV7Xp).

With these initiatives, SinglePoint is tapping into not just one fast-growing sector but two, as many of its financial and technological solutions are geared toward cannabis merchants.

Financial Services for a New Market

With cannabis sales now legal in 29 U.S. states, and legislators opening the way to recreational as well as medical use, cannabis is a lucrative business. But federal legislation designed for the war on illegal drugs has created problems for legal cannabis businesses. Many are unable to access the financial services available to other companies and have been forced to work on a cash basis, making them vulnerable to theft and fraud. Blockchain payment systems provide them with a secure alternative to cash payments without needing to engage with banks.

Services such as SingleSeed are specifically geared toward this market, providing a much-needed product for a growing industry. SinglePoint’s blockchain-based services allow secure payments for cannabis merchants. Its collaborations with other companies, including developing mobile apps with AppSwarm (SWRM), ensure that these services are easily accessible. SinglePoint’s willingness to move quickly is vital in these fast-growing sectors. The AppSwarm collaboration began with an aim to launch their first app within 90 days.

SinglePoint’s services for the cannabis sector show how blockchain technology and the companies behind it can provide more than just financial solutions. The work with AppSwarm will allow safe delivery to customers in their homes, increasing the speed, security, and efficiency of the cannabis supply chain.

The technology provided by SinglePoint goes beyond just a payment system. It also provides vendors with a system to digitally track their inventories, provide information about products to customers, and automatically remove products from the inventory once sold. Though this is currently targeted at cannabis suppliers, it is a system that could be useful for any cash-based business looking for a more secure way to operate. Thanks to money from the fast-growing legal cannabis market, SinglePoint is creating software that will be useful for all manner of small businesses.

SinglePoint’s interest in integrating systems and supply chains extends into other parts of the cannabis industry. The company recently established a joint venture with Smart Cannabis (SCNA), making a major move into California’s cannabis market before blanket marijuana legalization in that state. Having previously acquired Discount Indoor Garden Supply in California and invested in California-based cannabis equipment supplier Convectium, SinglePoint is now the owner or investor in products and services covering the whole cannabis supply chain. It is in a position to provide the same sort of integrated services it has pioneered in blockchain payments.

The partnership with Smart Cannabis is particularly valuable in capturing market share within California’s red-hot commercial marijuana cultivation market. Smart Cannabis provides a range of innovative products for cannabis growers, including automated greenhouse systems and a unique seed-to-sale app. Seed-to-sale systems are important in managing cannabis sales and ensuring compliance with government regulations. The joint venture will allow the two companies to incorporate blockchain currency into Smart Cannabis’ SMARTAPP and sell it to growers, integrating seed-to-sale and payment mechanisms (http://nnw.fm/t2SAz).

The Bigger Picture on Blockchain

While SinglePoint is providing some of the most interesting examples of integrated systems using blockchain, an increasing number of companies are also exploring the services this technology can provide.

Bank of America (BAC), the second largest bank in America and the largest wealth management company in the world, has long distanced itself from bitcoin, the leading blockchain currency. But as the holder of at least 27 blockchain patents and 39 relating to cryptocurrency, including some for exchanging currencies, it is clear that the bank is interested in the broader technologies. CEO Brian Moynihan has played down the bank’s interest in cryptocurrencies, even as his organisation prepares for a future built around blockchain.

Mastercard (MA), one of the largest payment processing companies in the world, prides itself on its forward-looking approach to finance, listing “Putting technology first” among its areas of focus. It has repeatedly shown an interest in blockchain. In a patent filed on the 9th of November 2017, it set out details for a blockchain database that would reduce delays in payment transfers. Like Bank of America, its leaders are pro-blockchain but anti-bitcoin.

Bitcoin Services (BTSC) provides support services for people dealing in the most prominent blockchain currency, bitcoin. The company is also working on developing blockchain software, as this technology keeps moving forward.

Direct banking and payments company Discover Financial Services (DFS) has singled out blockchain as one of the most important technologies shaping the future of payments. Describing blockchain as secure, transparent, and closer in the way it works to cash than to card payments, Discover has identified the technology as one to keep an eye on. Though the company has not yet announced any blockchain innovations of its own, comments on its Discover Network suggest it is preparing its customers for a blockchain future (http://nnw.fm/BlW3O).

Like any transformative technology, blockchain creates challenges as well as benefits. It relies on large data sets, meaning that new infrastructure may be needed to support widespread use. Its ability to provide direct payments with a minimal data trail has created concerns about money laundering and regulatory oversight. But the genie is out of the bottle, and given its benefits, the question isn’t whether anyone will overcome these challenges, it is who will.

For more information on SinglePoint, visit SinglePoint (SING)
The QualityStocks Daily Newsletter http://Newsletter.QualityStocks.net

The QualityStocks Daily Blogs http://Blog.QualityStocks.net

Please read FULL Compensation Disclosures and other disclaimers at http://www.qualitystocks.net/disclaimer.php
QualityStocks
Site Admin
 
Posts: 1469
Joined: Mon May 21, 2007 7:58 pm
Location: Scottsdale, AZ

Re: Singlepoint, Inc. (SING)

Postby QualityStocks » Fri Feb 02, 2018 7:01 pm

NetworkNewsBreaks – SinglePoint, Inc.’s (SING) SingleSeed Payment Platform to Solve Cannabis Industry Banking Issues

Specialized holding company SinglePoint’s (OTC: SING) bitcoin payments solution, set to launch in the first quarter of 2018, will permit underbanked cannabis merchants to accept bitcoin-backed card transactions. An article discussing the company reads: “In any state where cannabis enjoys legal status, the SingleSeed payments platform can be used. In addition to making bitcoin-backed card purchases possible, the solution enables cannabis dispensaries to digitally track and manage their product inventories, performing tasks like uploading product data, photos and descriptions. The system further deducts items automatically from a dispensary’s product listings when a purchase is made.”
The QualityStocks Daily Newsletter http://Newsletter.QualityStocks.net

The QualityStocks Daily Blogs http://Blog.QualityStocks.net

Please read FULL Compensation Disclosures and other disclaimers at http://www.qualitystocks.net/disclaimer.php
QualityStocks
Site Admin
 
Posts: 1469
Joined: Mon May 21, 2007 7:58 pm
Location: Scottsdale, AZ

Re: Singlepoint, Inc. (SING)

Postby QualityStocks » Tue Feb 06, 2018 5:26 pm

NetworkNewsBreaks – SinglePoint, Inc. (SING) Uplists to OTCQB Venture Market

Specialized holding company SinglePoint, Inc. (OTCQB: SING) this morning announced that it is now trading on the OTCQB Venture Market, which requires a higher level of transparency and helps provide increased investor confidence through continued verification of information. “We are extremely pleased to be approved for OTCQB. It is a great step for SinglePoint as we continue to grow and build our footprint,” Greg Lambrecht, CEO of SinglePoint, stated in the news release. “Increased transparency and credibility will help broaden our shareholder base and provide additional exposure to the institutional investor community, ultimately contributing to increasing shareholder value.” Per the update, SinglePoint intends to continue to provide audited financials moving forward, becoming a fully reporting company by filing a Form-10 or S-1 in the near future. When complete, this milestone will represent another initiative to further transparency, add credibility and increase SinglePoint’s exposure to investment banking firms.
The QualityStocks Daily Newsletter http://Newsletter.QualityStocks.net

The QualityStocks Daily Blogs http://Blog.QualityStocks.net

Please read FULL Compensation Disclosures and other disclaimers at http://www.qualitystocks.net/disclaimer.php
QualityStocks
Site Admin
 
Posts: 1469
Joined: Mon May 21, 2007 7:58 pm
Location: Scottsdale, AZ

Re: Singlepoint, Inc. (SING)

Postby QualityStocks » Thu Feb 08, 2018 6:56 pm

NetworkNewsBreaks – SinglePoint, Inc. (SING) President Featured in Article Discussing Treasury Secretary’s Recent Cannabis Banking Comments

SinglePoint, Inc. (OTCQB: SING) President Wil Ralston was featured in an article posted earlier this week by Green Market Report examining Treasury Secretary Steve Mnuchin’s recent comments regarding the bankability of the cannabis industry. In an appearance before the House Financial Services Committee related to the Financial Stability Oversight Council’s (FSOC) annual report, Mnuchin stated, “We do want to find a solution to make sure that businesses that have large access to cash have a way to get them into a depository institution for it to be safe.” In response to this comment, Ralston stated, “This is a great step in the direction of enabling cannabis-based businesses to access to traditional banking. We believe this further legitimizes the industry and again shows the need for a solution in a heavy cash-based business.”
The QualityStocks Daily Newsletter http://Newsletter.QualityStocks.net

The QualityStocks Daily Blogs http://Blog.QualityStocks.net

Please read FULL Compensation Disclosures and other disclaimers at http://www.qualitystocks.net/disclaimer.php
QualityStocks
Site Admin
 
Posts: 1469
Joined: Mon May 21, 2007 7:58 pm
Location: Scottsdale, AZ

Re: Singlepoint, Inc. (SING)

Postby QualityStocks » Thu Feb 08, 2018 7:30 pm

Consumers and Merchants Migrate into Cryptocurrencies in Next Market Evolution

NetworkNewsWire Editorial Coverage: Until recently, cryptocurrencies were relatively mysterious to the general public of consumers, merchants and retailers who were unaware of the advantages that blockchain technologies could have in easing and securing private transactions. But free markets abhor vacuums, and several public companies are advancing programs to educate and bring the broader public into cryptocurrency transactions. SinglePoint, Inc. (SING) (SING Profile) is aggressively making strategic acquisitions in the blockchain and cryptocurrency space, while an increasing number of recognizable industry behemoths like Overstock.com, Inc. (OSTK), Microsoft, Inc. (MSFT) and Tesla, Inc. (TSLA) are delving into cryptocurrencies and blockchain. Others like Starbucks Corp. (SBUX) have expressed optimism in its potential for consumer transactions, though stopping short of accepting bitcoin as payment.

Like any new technology, acceptance of cryptocurrencies will continue to rise as more companies offer it as a form of payment, and as consumers become more comfortable and knowledgeable using it. To this accord, companies in a wide reach of industries are staking a claim in blockchain.

TV Ads to Educate the Public

In mid-January SinglePoint Inc. (SING) announced a collaboration with successful serial entrepreneur Kevin Harrington, who is not only known as the father of the informercial, but as the founder-creator of the As Seen On TV retail industry and an original panel member on the television series SharkTank.

The fact that SinglePoint garnered the attention of Harrington is testament to the company’s increasing brand visibility; its ability to secure a partnership with him is just one example of management’s firm grasp on business development.

“Kevin’s [Harrington’s] legendary work producing the launch of more than 500 products is just one of the many reasons we are thrilled about this partnership,” said Ralston (http://nnw.fm/6Phkt). “Impressively, 20 of Kevin’s companies have each topped $100 million in revenue. We look forward to partnering with such a visionary individual and discovering what this means for the future of SinglePoint.”

SinglePoint has already filmed a television commercial slated for a first-quarter national launch, which showcases Harrington as spokesman for SinglePoint’s crypto-currency division. The SinglePoint campaign plans to air the Harrington spot on major financial news networks, such as CNN, Fox News and others, as well as key web outlets, where Harrington will inform viewers of the advantages of SinglePoint’s payment app mobile wallet.

In the pending TV ad, Harrington will show people how to acquire tokens to their wallets, SinglePoint founder and CEO Greg Lambrecht explained in an interview (http://nnw.fm/JnN3e) with Don Baillargeon, founder and host of the Money TV investment show.

The SinglePoint television ads will not only show consumers and others how to use cryptocurrencies, but also why and where to best advantage.

One-Stop Shop

SinglePoint is one of the few pioneering companies looking to establish a “single place where you can come and have a wallet for any cryptocurrency, whether it be bitcoin, Ethereum, Litecoin, or Ripple, whatever it is, and have it all in one place,” Harrington told Baillargeon.

As he further explains, the business environment and prospects for SinglePoint’s mobile payment app is analogous to the same kind of “explosive” promise that GoDaddy.com enjoyed in the early 1990s as a single place to register various domains.

GoDaddy found success in its user-friendly, simplified business model, the idea of which SinglePoint aims to replicate for cryptocurrencies.

GoDaddy.com Deja Vu

SinglePoint is a variation on the GoDaddy business-model – that of bringing together into one place all that a consumer or business needs to operate confidently and easily with cryptocurrencies.

The cryptocurrency trend is gathering steam, which is another reason Harrington has joined SinglePoint in its endeavors.

“As bitcoin becomes more applicable, and used in more establishments—just recently the [Dallas] Mavericks, Mark Cuban’s company, started taking bitcoins for tickets, and Overstock.com, has been doing an amazing job for years taking bitcoins—I feel that generally the market will follow,” said Harrington.

“SinglePoint’s game-changing approach to serving high-risk markets is the reason that after 30 years of empowering entrepreneurs I am still excited to get to work every day. Working closely with SinglePoint’s executive team I am confident 2018 will be a phenomenal year for the company.”

SinglePoint Acquisitions

SinglePoint’s consistent track record of acquisition-based growth was bolstered earlier this week when the company uplisted to the OTCQB Venture Market. The achievement will enable the company to increase acquisition deal flow and gain access to institutional investors, adding fuel to its growth strategy.

“We are extremely pleased to be approved for OTCQB. It is a great step for SinglePoint as we continue to grow and build our footprint. Increased transparency and credibility will help broaden our shareholder base and provide additional exposure to the institutional investor community, ultimately contributing to increasing shareholder value,” SinglePoint CEO Greg Lambrecht stated in the press release (http://nnw.fm/7zv3Q).

Among other recent endeavors, SinglePoint in January 2018 reported its plan to buy 100% of the privately held Bitcoin Beyond, a platform that enables retail merchants to accept bitcoin payments using existing web-enabled point-of-sale devices. With the acquisition, SinglePoint offers a full end-to-end purchasing experience that provides merchants and bitcoin users unprecedented capabilities.

Bitcoin Beyond was originally created to address growing demand for fast and reliable electronic-payment processing for the expanding and legal cannabis industry. Most public commercial banks, as they accept federal deposit insurance, must comply with certain federal laws and regulations that prevent serving even the legal cannabis industry. As a result, many cannabis merchants and suppliers face physical cash-management issues that require expensive and risky on-site safes, armed guards, armored cars, and physical cash transfers.

Bitcoin Beyond offers the cannabis industry a pathway to overcome the commercial banking challenges, functioning as a general-purpose point-of-sale system that processes dollar-denominated payments using bitcoin.

Building the SinglePoint Portfolio

Bitcoin Beyond is the latest addition to SinglePoint’s growing portfolio, which also includes the company’s proprietary bitcoin exchange (app.SingleSeed.com) and numerous key industry collaborations and investments.

In December SinglePoint reported it had formalized a joint-venture agreement and made the first payment to AppSwarm (OTC: SWRM) to start development on a delivery application that will enable licensed delivery services and licensed dispensaries to safely make in home deliveries. This agreement strengthens SinglePoint’s position in the cannabis and cryptocurrency markets, where the company continues to deepen its roots.

The company’s partnership with fintech solutions provider Global Payout (GOHE) is focused on advancing and streamlining the process involved in delivering payment applications, while its collaboration with SMART Cannabis Corp. (SCNA) provides an entry into the commercial marijuana cultivation market. The joint venture with SCNA will allow the two companies to incorporate blockchain currency into Smart Cannabis’ SMARTAPP, and sell it to growers, integrating seed-to-sale and payment mechanisms (http://nnw.fm/t2SAz).

SinglePoint plans to acquire additional companies and technologies to broaden its footprint in the emerging blockchain space and deploy its products and services to major established markets.

The Public Bets on Cryptocurrencies

If 2017 was the year cryptocurrencies entered the public consciousness, then 2018 is the year punters—that is, bettors—expect much wider adoption of cryptocurrencies to begin, reports the Betway Group, a British online betting platform that offers options to bet on sports, casinos, and various public events, such as political elections and future consumer preferences.

To date, the general financial and consumer markets—with some prominent exceptions—have not yet embraced cryptocurrencies, but certainly retailers have every incentive to accommodate consumers, including those with bitcoins to spend.

Interestingly, the recent adoption of bitcoin futures markets by the Cboe Global (CBOE) and CME Group (CME) allows large retailers and others to hedge their bitcoin positions, reducing exposure to a sudden decrease in bitcoin value. So the risks of holding a large number of bitcoins can now be mitigated for large retailers and other institutions as well.

New data from Betway Group show bettors expect even the largest of retailers, such as Walmart (WMT) to start accepting bitcoin or crypto-currencies in 2018.

About 83.3% of bettors expect Walmart to start accepting cryptocurrencies in 2018, and 75.0% for British Airways and 66.7% for McDonalds.

Retailers and Cryptocurrencies

Overstock.com (NASDAQ: OSTK) was one of the first retailers to accept bitcoin, but the online discount-house’s CEO recently told CNNMoney he may consider selling off retail operations to focus on the 10 blockchain companies it owns. In mid-January, Polymath, a security token launch pad, reported a partnership with Overstock’s blockchain subsidiary, t0.com, Inc. (tZERO) in which Polymath is acting in an advisory role in connection with tZERO’s $250 million ICO.

Tesla (NASDAQ: TSLA) the battery and electric-car manufacturer, and potential tunnel-borer, has also launched its own blockchain currency, the Teslacoin, worth about $0.10 in late January trading. The tech-outfit said there is a permanent maximum limit of 75 million Teslacoins will ever be minted (www.Tesla-Coin.com).

Microsoft (NASDAQ: MSFT) The software giant has blown hot and cold on bitcoin, but presently is accepting the digital currency at its Windows and Xbox online stores. Buyers can add bitcoin to their Microsoft-sanctioned digital wallets that they can then redeem as dollars. Microsoft first started accepting bitcoins for some products in 2014.

Starbucks (NASDAQ: SBUX) Executive Chairman Howard Schultz has advised that the ubiquitous coffee-shop chain does not plan to accept bitcoins. However, he expressed confidence in the potential of blockchain technology to serve as a catalyst for a “legitimate” digital currency. “I personally believe that there is going to be a one or a few legitimate trusted digital currencies off of the blockchain technology. And that legitimacy and trust in terms of its consumer application will have to be legitimatized by a brand and a brick and mortar environment, where the consumer has trust and confidence in the company that is providing the transaction,” he stated in a recent post-earnings call.

Crowd Intuition

Some have argued that the “wisdom of crowds” is a superior mechanism for divining future commercial trends than the sole reliance on expert opinion, and further that betting markets are excellent devices for predicting outcomes of elections or the introduction of new technologies.

For now, it appears the crowds expect major retailers to begin embracing cryptocurrencies, and in the not-too-distant future.

What is clear is that retailers are not in habit of putting up moats between themselves and customer money. If consumers have bitcoins or other cryptocurrencies, then retailers will follow—and the smart outfits may lead.

For more information on SinglePoint, visit SinglePoint Inc. (SING)
The QualityStocks Daily Newsletter http://Newsletter.QualityStocks.net

The QualityStocks Daily Blogs http://Blog.QualityStocks.net

Please read FULL Compensation Disclosures and other disclaimers at http://www.qualitystocks.net/disclaimer.php
QualityStocks
Site Admin
 
Posts: 1469
Joined: Mon May 21, 2007 7:58 pm
Location: Scottsdale, AZ

Re: Singlepoint, Inc. (SING)

Postby QualityStocks » Tue Feb 13, 2018 7:07 pm

NetworkNewsBreaks – SinglePoint, Inc. (SING) and Smart Cannabis Corp. (SCNA) Expand Joint Venture

SinglePoint, Inc. (OTCQB: SING) and Smart Cannabis (OTC: SCNA) this morning announced the companies have expanded their joint venture agreement providing SinglePoint with the rights to sell Smart Cannabis’ Smart by Design greenhouses. Per the terms of the agreement, SinglePoint will have an exclusive agreement on Smart Cannabis products sold and installed within Arizona, including the company’s line of SMART by Design™ automated greenhouse systems and the soon-to-be-released “Track and Trace Software System.” “We are excited about this opportunity. The company has some great connections in Arizona and some soft commitments on potentially purchasing some greenhouses from us. Additionally, we are excited for the Track and Trace Software we believe with our development team we can really ramp this up and introduce it to the relationships we have here,” SinglePoint President Wil Ralston stated in the news release.
The QualityStocks Daily Newsletter http://Newsletter.QualityStocks.net

The QualityStocks Daily Blogs http://Blog.QualityStocks.net

Please read FULL Compensation Disclosures and other disclaimers at http://www.qualitystocks.net/disclaimer.php
QualityStocks
Site Admin
 
Posts: 1469
Joined: Mon May 21, 2007 7:58 pm
Location: Scottsdale, AZ

Re: Singlepoint, Inc. (SING)

Postby QualityStocks » Wed Feb 14, 2018 6:35 pm

NetworkNewsBreaks – SinglePoint, Inc. (SING) Releases Shareholder Update Detailing OTCQB Uplisting

Specialized holding company SinglePoint, Inc. (OTCQB: SING) this morning released a shareholder update on its recent uplisting to the OTCQB Venture Market, offering insight into the company’s current objectives and its recent addition of a key board member to help guide its technology initiatives. Notably, a requirement of SinglePoint’s move to the OTCQB was to add an additional board member. The company selected F5 Networks Senior Vice President Venugopal Aravamudan for the role. Aravamudan brings more than 25 years of technology sector experience to the SinglePoint team, having played a significant role in the growth and development of companies such as Microsoft, VMware and Amazon. “We are very happy Mr. Aravamudan has joined us,” Wil Ralston, president of SinglePoint, stated in the news release. “This gives us the expertise we need for accelerating the right set of technology based Joint Ventures, Acquisitions and other interesting Big Data plays that unlock the potential for blockchain applications.”
The QualityStocks Daily Newsletter http://Newsletter.QualityStocks.net

The QualityStocks Daily Blogs http://Blog.QualityStocks.net

Please read FULL Compensation Disclosures and other disclaimers at http://www.qualitystocks.net/disclaimer.php
QualityStocks
Site Admin
 
Posts: 1469
Joined: Mon May 21, 2007 7:58 pm
Location: Scottsdale, AZ

Previous

Return to QualityStocks Featured Companies

Who is online

Users browsing this forum: No registered users and 1 guest

cron