|From: NetworkNewsWire (Rep: 0)||Date: 12/27/2017 17:40|
|Forum: Penny Stocks - Msg #1109 - List SING msgs ||Thread #673977261 (Rec: 0) |
|NetworkNewsBreaks – CNBC Publication Highlights SinglePoint, Inc.’s (SING) SingleSeed as Alternative for Cash-only Cannabis Industry|
SinglePoint’s (OTC: SING) mobile app SingleSeed is gaining attention thanks to a CNBC article on its ability to help cannabis dispensaries and customers exchange funds through bitcoin. Using debit or credit cards, consumers can make purchases without the need to rely on conventional banks that may be reluctant to transact business with the cannabis industry amid ongoing controversy about federal drug policy. An article discussing this reads: “It was obvious banks didn’t want to handle legal marijuana transactions, … which meant cannabis retailers and consumers were forced to bring cash to the table, and it was apparent that an alternative payment form was desperately needed. The addition of the SingleSeed app to the cannabis market could solve the industry’s glaring ‘unbankable’ problem, since dispensaries and consumers alike could use the app to accept and make purchases using bitcoin.”
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