Seattle, WA -- August 08, 2017 -- InvestorsHub NewsWire --
Seattle WA, SinglePoint Inc. (OTC:SING)
announces its purchase of $Weed which is one of the newest fiat
currencies floated in the booming Cryptocurrency markets. The large
block purchase is from crypto industry leader, First Bitcoin
Capital (OTC:BITCF). After many months of collaboration, the two
companies have decided this initiative is the starting point for a
much larger play in the cryptocurrency markets. Weed “Coin” is a
crypto currency geared toward solving the payment problems found in
the cannabis industry. The coin recently had its ICO launch
resulting in an impressive yet illiquid market cap of close to
$60,000,000.
Currently WeedCoin is already listed on three exchanges.
SinglePoint and First Bitcoin Capital plan to list and market the
coin on many more exchanges soon. Additional listings and marketing
efforts could generate greater interest levels found in such
competitors as PotCoin as part of a partnership to move towards a
massive consumer first approach. The consumer
first approach overcomes the traditional issues of making a
payment at dispensaries using cryptocurrencies.
A big barrier in making a payment at cannabis retail stores
using cryptocurrency is the consumers do not yet have a wallet set
up. This takes time and slows down this entire process. SinglePoint
and First Bitcoin Capital plan to invest heavily in getting the
consumers to sign up first, making sure they have the ability to
quickly go in and make a purchase from a dispensary, painlessly.
The consumer approach also lets the companies build in multiple
different programs such as loyalty, special offers, and the ability
to track what kinds of products people are buying which leads to a
massive database of what is popular, how much it is being sold for
on average and many more insights to the cannabis industry.
The companies both believe that with the proper execution, users
should find a similar experience to using Starbucks’ mobile payment
system. An easy preload of your card, which enables you to purchase
$Weed as money, instantly, then the employee at point of sale rings
up your total and the consumers scan a barcode from their smart
phone or tablet.
If you would like to acquire $Weed as a digital coin you can
participate through any of the following three exchanges:
https://www.cryptopia.co.nz/Exchange/?market=WEED_BTC
http://omnichest.info/lookupmarket.aspx?spa=191&spb=1
CoinQX.com –
Must have a registered account to view trade data.
About the
Company
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
https://twitter.com/_SinglePoint_
https://www.linkedin.com/company-beta/165982/
For more information visit: www.SinglePoint.com
About First Bitcoin
Capital Corp
First Bitcoin Capital Corp is
engaged in developing digital currencies, proprietary Blockchain
technologies, and the digital currency exchange- www.CoinQX.com. We
see this step as a tremendous opportunity to create further
shareholder value by leveraging management's experience in
developing and managing complex Blockchain technologies, developing
new types of digital assets. Being the first publicly-traded
cryptocurrency and blockchain-centered company (with shares both
traded in the US OTC Markets as [BITCF] and as [BIT] in crypto
exchanges) we want to provide our shareholders with diversified
exposure to digital crypto currencies and blockchain technologies.
At this time the Company owns and operates more than the following
digital assets under development:
www.CoinQX.com cryptocurrency exchange, registered
with FinCEN.
https://www.omniwallet.org/assets/details/309 Latest
Active ICO for Loyalty (FLY)
www.altcoinmarketcap.com market
capitalization for all cryptocurrencies with up and down voting by
altcoin communities.
www.Alphabitcoinfund.com world's
first crypto ETF.
www.strain.ID cannabis strains genetic information
depository on decentralized Blockchain.
www.iCoiNEWS.com real
time cryptocurrency and Bitcoin news site.
www.BITminer.cc providing mining pool management
services.
www.2016coin.org online
daily election coverage and home page for $PRES, $HILL, $GARY&
$BURN -commemorative presidential election coins.
www.bitcannpay.com Open
Loop merchant services for dispensaries.
List of most Omni protocol
coins issued on the Bitcoin Blockchain and owned by the
Company: http://omnichest.info/lookupadd.aspx?address=1FwADyEvdvaLNxjN1v3q6tNJCgHEBuABrS
Second Omni wallet owned by
CoinQX reflecting our airline mileage tokens
issued: http://omnichest.info/lookupadd.aspx?address=1VuF26AgLyQ4tBoGzYTWRqtDG9zCB7QXe
Third (managed) Omni wallet
owned by COINQX: http://omnichest.info/lookupadd.aspx?address=1M18oycUdsXv4pKyLLiASREcRGzPu22MxK
Forward-Looking Statements
Certain statements in this news release may contain forward-looking
information within the meaning of Rule 175 under the Securities Act
of 1933 and Rule 3b-6 under the Securities Exchange Act of 1934,
and are subject to the safe harbor created by those rules. All
statements, other than statements of fact, included in this
release, including, without limitation, statements regarding
potential future plans and objectives of the Company, are
forward-looking statements that involve risks and uncertainties.
There can be no assurance that such statements will prove to be
accurate and actual results and future events could differ
materially from those anticipated in such statements.
Technical complications, which may arise, could prevent the
prompt implementation of any strategically significant plan(s)
outlined above. The Company undertakes no duty to revise or update
any forward-looking statements to reflect events or circumstances
after the date of this release.
Contact:
SinglePoint, Inc.
Greg Lambrecht
602.481.1544