NetworkNewsBreaks – SinglePoint’s (SING) Bitco
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Posted On: 06/15/2017 5:21:41 PM
NetworkNewsBreaks – SinglePoint’s (SING) Bitcoin Solution Could Make Marijuana Industry’s Banking Problems a Thing of the Past
Marijuana has now been legalized in some form in 29 states and in the District of Columbia, yet marijuana dispensaries and other cannabis-related businesses lack access to banking options, forcing them to conduct cash only transactions. SinglePoint, Inc. (OTC: SING) may at last have found the answer for these currently “unbankable” businesses by developing a bitcoin payment solution that would enable cannabis users to purchase marijuana products using debit or credit cards.
“The company’s SingleSeed subsidiary is already engaged in offering mobile marketing and payment solutions to businesses in the marijuana industry, including cashless ATM, Pay-by-Text™ and text message marketing. SinglePoint has also successfully completed technology integrations with companies like RedFynn, Twilio and IATS, as well as with major carriers like Verizon (NYSE: VZ), T-Mobile (NASDAQ: TMUS), AT&T (NYSE: T) and Sprint (NYSE: S), through which it offers text message marketing and text-based payment solutions. The company plans to utilize these integrations as it develops its bitcoin payments technology. This solution, once ready for implementation, could quickly spread to many stores, where the SinglePoint API could be easily downloaded into existing point-of-sale machines. Cannabis merchants could then begin performing bitcoin transactions via credit and debit card.”
Please see full disclaimers on the NetworkNewsWire website applicable to all content provided by NNW, wherever published or re-published: http://NNW.fm/Disclaimer
Marijuana has now been legalized in some form in 29 states and in the District of Columbia, yet marijuana dispensaries and other cannabis-related businesses lack access to banking options, forcing them to conduct cash only transactions. SinglePoint, Inc. (OTC: SING) may at last have found the answer for these currently “unbankable” businesses by developing a bitcoin payment solution that would enable cannabis users to purchase marijuana products using debit or credit cards.
“The company’s SingleSeed subsidiary is already engaged in offering mobile marketing and payment solutions to businesses in the marijuana industry, including cashless ATM, Pay-by-Text™ and text message marketing. SinglePoint has also successfully completed technology integrations with companies like RedFynn, Twilio and IATS, as well as with major carriers like Verizon (NYSE: VZ), T-Mobile (NASDAQ: TMUS), AT&T (NYSE: T) and Sprint (NYSE: S), through which it offers text message marketing and text-based payment solutions. The company plans to utilize these integrations as it develops its bitcoin payments technology. This solution, once ready for implementation, could quickly spread to many stores, where the SinglePoint API could be easily downloaded into existing point-of-sale machines. Cannabis merchants could then begin performing bitcoin transactions via credit and debit card.”
Please see full disclaimers on the NetworkNewsWire website applicable to all content provided by NNW, wherever published or re-published: http://NNW.fm/Disclaimer
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