SinglePoint Developing Bitcoin Exchange to Solve Payment Issues in High Risk Markets
SinglePoint Inc. (OTC: SING), is providing a first-hand look at the company's new Bitcoin exchange aimed toward solving the payments issues plaguing today's cannabis industry.
SinglePoint has started 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 medical and recreation cannabis dispensaries.
Currently, there is no standard for payment processing in the cannabis market. It is an under served market with vast opportunity for technology to solve the payments issue crisis.
Through a simple sign up form and easy ID verification component a 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 an 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
According to a new report by Grand View Research the Cannabis Market is projected to reach $55.8 billion by 2025. This presents a major opportunity for SinglePoint to generate additional revenue through platform fees and transactional fees.
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.
Visit SingleSeed Payments on the Web: SingleSeed.com
SingleSeed the company is providing products and services to the cannabis industry.
Visit the SinglePoint, Inc Company website: SinglePoint.com
For more information on $SING on the Over the Counter Market: OTCMarkets.com/SING
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Learn More About SinglePoint, Inc at InvestorIdeas.com: InvestorIdeas.com/SING
For more information: marketwired.com/singlepoint-developing-proprietary-bitcoin-exchange-solve-payment-processing-issues
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