Actionable insights straight to your inbox

Equities logo

SinglePoint (SING) Launches Proprietary Bitcoin Exchange to Solve Payment Processing Issues in High-Risk Markets

SinglePoint, Inc. (OTC:SING) today announces the soft launch of a bitcoin exchange aimed at solving payment issues plaguing the cannabis industry.

SinglePoint, Inc. (OTC:SING) today announces the soft launch of a bitcoin exchange aimed at solving payment issues plaguing the cannabis industry. SinglePoint sees vast opportunity for technology to solve payment issues related to high-risk transactions, specifically in the cannabis market. There is yet to be a standout leader in the cannabis payments space, and SinglePoint is looking to solidify its position through the company’s relationships and history of mobile payment offerings. The new solution can be utilized by any business from convenience stores to dispensaries in the 29 legal states and District of Columbia. For more information, or to sign up for the exchange, visit

Convenience has been the No. 1 driver for building this application, which is designed as a payment service to make instant bitcoin-powered purchases possible when all you have is a credit or debit card. Through an easy-to-use sign up form and ID verification, customers 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. This model is similar to solutions utilized abroad, but SinglePoint has not yet seen this feature offered in the United States.

“We are very pleased with what we have built out and executed on with this solution. SinglePoint now has a base to continue innovating on for the cannabis payments space. Businesses are contacting us daily about payment services and with this solution we feel confident we will be on boarding many of these customers. This is just the beginning of a solution that will ultimately serve cannabis businesses much beyond payments. The overall goal is to have a fully integrated solution for businesses to manage their day-to-day operations from beginning to end,” states Wil Ralston, president of SinglePoint.

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.

Beyond payments innovation, SinglePoint is continuing to negotiate new acquisitions in the cannabis market. Company management will be at MJ BIZCON, taking place November 14 – 17 in Las Vegas, and has set up multiple meetings for continued deal flow. For more information or to set up a meeting please contact [email protected].

About SinglePoint, Inc.
SinglePoint, Inc. (SING) has grown from a full-service mobile technology provider to a publicly traded holding company. Through diversification into horizontal markets, SinglePoint is building its portfolio by acquiring an interest in undervalued subsidiaries, thereby providing a rich, diversified holding base. Through its subsidiary company SingleSeed, the company is providing products and services to the cannabis industry.

In the interest of full disclosure, we call the reader’s attention to the fact that, Inc. is compensated by the companies profiled in the Spotlight Companies section. The purpose of these profiles is to provide awareness of these companies to investors in the micro, small-cap and growth equity community and should not in any way be considered as a recommendation to buy, sell or hold these securities. is not a registered broker dealer, investment advisor, financial analyst, investment banker or other investment professional. We are a publisher of original and third party news and information. All profiles are based on information that is available to the public. The information contained herein should not be considered to be complete and is not guaranteed by to be free from misstatement or errors. The views expressed are our own and not intended to be the basis for any investment decision. Readers are reminded to do their own due diligence when researching any companies mentioned on this website. Always bear in mind that investing in early-stage companies is risky and you are encouraged to only invest an amount that you can afford to lose completely without any change in your lifestyle. Equities has been compensated with cash, common shares and/or warrants for market awareness services provided.

A weekly five-point roundup of critical events in the energy transition and the implications of climate change for business and finance.