Published On: Wed, Jun 7th, 2017

SinglePoint, Inc. (OTC: SING) to Leverage Bitcoin Technology to Provide Secure Payment Solutions to High-Risk Businesses

SinglePoint, Inc. (OTC: SING) announced in early 2014 that they had begun working on a bitcoin payment solution, and that work has never been more relevant than it is now. With the price of Bitcoins recently surging over $2,500 and reaching all-time highs, the world’s most popular cryptocurrency is gaining publicity and more mainstream usage across the globe. Several countries are even attempting to consider cryptocurrencies as legitimate tender.

Thanks to the peer-to-peer, decentralized nature of Bitcoin, the currency has gained traction as the currency of choice for high-risk businesses that banks generally avoid providing services for due to the volatility of regulatory risk under the current administration. SinglePoint has recognized this and is developing a niche payment system that is safe, secure, legal, and understandable to the entrepreneurs running these higher-risk operations. For years, these businesses have relied on nearly exclusively cash transactions, because they have trouble opening traditional bank accounts. This has created a dangerous situation, where these businesses are forced to operate primarily under the radar, and face higher-than-average exposure to burglary and other potentially violent crimes.

SinglePoint is working with a top talent scout in Silicon Valley to find expert Bitcoin developers to quickly develop the technical infrastructure and code-base for this solution they’ve been working on. When finished, there will be many other opportunities for the company to cross sell its other mobile services, from mobile transaction processing and bidding systems to mobile marketing and more.

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