NetworkNewsWire Announces Publication Discussing Innovators Cashing In on Bitcoin-Based Payment Solutions

New York, New York--(Newsfile Corp. - August 10, 2017) - NetworkNewsWire ("NNW"), a multifaceted financial news and publishing company, today announces the publication of an editorial featuring SinglePoint, Inc. (OTC Pink: SING), a client of NNW client focused on strengthening its position in the marijuana industry through the acquisition of, or investment in, small to mid-sized cannabis companies.

The publication is titled, "Absent Federal Banking Support, Cannabis Market Shows Growing Interest in Proprietary Bitcoin Payment Solutions." It discusses how cannabis companies lack access to banking solutions in the legal marijuana market, and how bitcoin-based solutions are emerging to fill the gap.

To view the full publication, visit: https://www.networknewswire.com/absent-federal-banking-support-cannabis-market-shows-growing-interest-proprietary-bitcoin-payment-solutions/

"Cannabis merchants are forced to accept cash-only transactions, which create a constant security threat and accounting issues, further limiting most companies' ability to grow and expand their business. More and more marijuana businesses are therefore turning to bitcoin solutions as a buffer that allows customers to use their credit cards for purchases. With bitcoin a developing and volatile vertical, cannabis companies are looking toward proprietary bitcoin payment solutions developed specifically for the marijuana market.

"This is where specialized holding company SinglePoint, Inc. (SING) comes in. The mobile technology provider is developing (http://nnw.fm/2wJlF) a proprietary bitcoin exchange system aimed at solving payment processing issues in high-risk markets including the cannabis industry. … In development since 2014, the new system is KYC-AML-compliant and will be the first of its kind to be used across the United States, with similar solutions already being implemented abroad, according to SinglePoint. The bitcoin exchange is designed with simplicity in mind in order to make the customer experience as easy as possible. Consumers can sign up directly at the point-of-sale or set up an account online before the purchase, swipe their cards and pay, just as they would with any regular card payment.

"Aside from the bitcoin system, SinglePoint offers a wide range of marketing and payment processing solutions and services to the legal marijuana industry via subsidiary SingleSeed (http://nnw.fm/3JAie). A recent online audio press release (http://nnw.fm/Kzrh2) illustrates how management is steering SinglePoint's transition into a diversified holding company."

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.

Connect on social media at: https://www.facebook.com/SinglePointMobile, www.twitter.com/_SinglePoint_, www.linkedin.com/company/SinglePoint and www.youtube.com/user/SinglePointMobile

For more information, visit www.SinglePoint.com or  www.SingleSeed.com

About NetworkNewsWire

NetworkNewsWire (NNW) is an information service that provides (1) access to our news aggregation and syndication servers, (2) NetworkNewsBreaks that summarize corporate news and information, (3) enhanced press release services, (4) social media distribution and optimization services, and (5) a full array of corporate communication solutions. As a multifaceted financial news and content distribution company with an extensive team of contributing journalists and writers, NNW is uniquely positioned to best serve private and public companies that desire to reach a wide audience of investors, consumers, journalists and the general public. NNW has an ever-growing distribution network of more than 5,000 key syndication outlets across the country. By cutting through the overload of information in today's market, NNW brings its clients unparalleled visibility, recognition and brand awareness. NNW is where news, content and information converge.

For more information please visit https://www.NetworkNewsWire.com

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NetworkNewsWire (NNW)
New York, New York
www.NetworkNewsWire.com
212.418.1217 Office
Editor@NetworkNewsWire.com

Forward-Looking Statements

This release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended and Section 21E of the Securities Exchange Act of 1934, as amended. All forward-looking statements are inherently uncertain as they are based on current expectations and assumptions concerning future events or future performance of the company. Readers are cautioned not to place undue reliance on these forward-looking statements, which are only predictions and speak only as of the date hereof. In evaluating such statements, prospective investors should review carefully various risks and uncertainties identified in this release and matters set in the company's SEC filings. These risks and uncertainties could cause the company's actual results to differ materially from those indicated in the forward-looking statements.

NNW Contact:

NetworkNewsWire (NNW)
New York, New York
www.NetworkNewsWire.com
212.418.1217 Office
Editor@NetworkNewsWire.com