Singlepoint Launches Bitcoin Payment Solution for Cannabis Industry


Singlepoint has launched a bitcoin payment solution for the cannabis industry. The company also plans to launch a cryptocurrency exchange in the upcoming months as well as a crypto wallet which will be ready for testing in the next weeks. Also read: Japan’s DMM Bitcoin Exchange Opens for Business With 7 Cryptocurrencies Singlepoint’s Bitcoin Solution Publicly-traded holding company Singlepoint (OTC:SING) has announced the soft launch of its Singleseed bitcoin payment solution. A subsidiary of Singlepoint, Singleseed is a B2B provider of cannabis-based technology services, including payments, marketing, and web development. Singlepoint elaborated: Providing a user-friendly transactional platform will provide cannabis merchants with additional easy-to-track method of accepting non-cash payments while strengthening Singlepoint’s brand awareness and market position. Singlepoint started building this new service back in 2014. The company described it as “a payment service to make instant bitcoin-powered purchases possible when all you have is a credit (or debit) card.” It can be used at any point of sale, by any businesses, from convenience stores to medical and recreational cannabis dispensaries. The system has been built to accommodate bitcoin (BTC) payments, but will be extended to facilitate other cryptocurrency payments, including ether (ETH), the company noted. Crypto Exchange and Wallet Coming Soon In addition to the bitcoin-based payment solution, Singlepoint is working on a cryptocurrency exchange. The company says it “anticipates launching the exchange in upcoming months.” Furthermore, it is building a crypto wallet for merchants and consumers to hold a number of cryptocurrencies, in collaboration with Appswarm, another listed company.…
Source: Singlepoint Launches Bitcoin Payment Solution for Cannabis Industry

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