SinglePoint Completes $1 Million Investment to Proceed its BitCoin Hashish Fee Answers Construction

SEATTLE, WA–(Marketwired – Jun 20, 2017) – SinglePoint Inc. (OTC: SING) these days proclaims that it has effectively closed a $1 million corporate pleasant Convertible Promissory Observe with an institutional investor. Proceeds from the funding might be used to execute at the corporate’s up to now introduced BitCoin Bills answer, as a part of its partnership with First BitCoin Capital (OTC: BITCF). With the brand new spherical of investment, SinglePoint control believes the corporate will be capable of transfer in no time to increase a crypto foreign money answer and proceed acquisitions in hashish area.

“That is nice timing for SinglePoint. Now we have many acquisitions offers within the pipeline, and get entry to to this capital will exponentially build up the probabilities of getting those finished. As well as, we’ve many technical trends which can be in a position release. We can increase our answers and in point of fact get started using gross sales,” states Greg Lambrecht CEO of SinglePoint.

SinglePoint recently provides many built-in trade answers. The addition of BitCoin Bills to its portfolio will lend a hand remedy the banking factor within the hashish trade and different high-risk markets. Moreover, SinglePoint has evolved and is freeing a full-scale internet construction and affiliate marketing answer for dispensaries. The corporate will use a few of this investment to release its personal affiliate marketing machine to force extra consumers to Within the acquisition area, SinglePoint has already got a number of corporations within the hashish vertical, and is recently in discussions with different goals for a possible roll-up.

For a few years, SinglePoint has labored on discovering answers for the hashish trade. With this new partnership and construction, SinglePoint now not wishes to attend on federal banking pointers to advance its plans to particularly deal with the bills demanding situations within the hashish trade and different high-risk markets. The corporate additionally notes the price of bitcoin, which has higher 236% previously yr, in keeping with CoinBase. This build up, along side Japan spotting bitcoin as a prison foreign money, has ended in extensive unfold adoption of the generation. As quoted in Bloomberg, “It is not international to [consumers] now, like some kind of bizarre rip-off that they [consumers] do not know about,” he (Greg Lambrecht) mentioned. “Increasingly institutions are accepting it, however it is more or less just like the wild, wild west.”

SinglePoint and First BitCoin Capital have deliberate 4 trends in line with bitcoin, ethereum and the generation of block chain. SinglePoint not too long ago got the rights and area title of in a deliberate possible Preliminary Coin Providing (ICO) that might enhance transactions at the block chain particularly for hashish and different excessive menace industries.

SinglePoint Deliverables:

  • BitCoin Forex Answer for Hashish Banking Issues
  • Extremely Cutting edge Block Chain Provide Chain Control Answer
  • Preliminary Coin Choices (ICO) thru First BitCoin Capital’s Contemporary Release
  • to Release Complete Scale Internet Design and On-line Advertising Products and services for Dispensaries
  • Earnings Expansion thru Further Acquisitions
  • Intensive Community of Monetary Companions and Generation Companions to Briefly Execute the Deliverables

About SinglePoint, Inc.
SinglePoint, Inc. (SING) has grown from a full-service cell generation supplier to a publicly traded retaining corporate. Thru diversification into horizontal markets, SinglePoint is construction its portfolio by means of obtaining an hobby in undervalued subsidiaries, thereby offering a wealthy, assorted retaining base. Thru its subsidiary corporate SingleSeed the corporate is offering services to the hashish trade.

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Positive statements on this information liberate might comprise forward-looking data inside the that means of Rule 175 beneath the Securities Act of 1933 and Rule 3b-6 beneath the Securities Change Act of 1934, and are matter to the protected harbor created by means of the ones laws. All statements, as opposed to statements of truth, incorporated on this liberate, together with, with out limitation, statements relating to possible long run plans and goals of the Corporate, are forward-looking statements that contain dangers and uncertainties. There may also be no assurance that such statements will turn out to be correct and precise effects and long run occasions may just vary materially from the ones expected in such statements.

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