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(NEW YORK)–SinglePoint (OTCMKTS:SING) announces it’s preparing launch its cannabis focused Bitcoin payment app SingleSeed before the end of Q1 2018.
In a recent update, SinglePoint announced it intends to launch its bitcoin payments processor via subsidiary SingleSeed during the first quarter, or March of 2018. SingleSeed will initially provide a platform for both consumers and retailers in the legal cannabis industry to process payments using cryptocurrency.
The SingleSeed app provides a much needed payment solution for operators in the cannabis sector who cannot access traditional banking processes. SingleSeed is built to accommodate bitcoin payment (BTC), and will be extended to facilitate other cryptocurrency payments, such as ethereum (ETH).
SingleSeed is user-friendly platform for merchants and consumers, enabling easy account registration and fast point-of-sale transactions. The downloadable app will enable retailers to post photographs and descriptions of their products, while employing text messaging to market their offerings, develop customer relationships and build trust.
SingleSeed payment platform can be customized for any industry, and could be an exciting stand alone payment platform similar to PayPal and Square. Once SingleSeed is launched this could provide a real catalyst for SING share price, and visability.
Just last night Jack Dorsey, the CEO of payment leader Square (NYSE:SQ) commented, ““Bitcoin, for us, is not stopping at buying and selling. We do believe that this is a transformational technology for our industry, and we want to learn as quickly as possible.”
Big Winner is AppSwarm
One of the big winners out of all this may be AppSwarm (OTCMKTS:SWRM), which is the developer and technology behind SinglePoint’s SingleSeed bitcoin payment app. AppSwarm deal with SinglePoint calls for a 50/50 revenue share on SingleSeed, but could also position AppSwarm as a mobile payment company through this new crypto payment platform.
AppSwarm currently has around 100 million shares outstanding, or market cap of roughly $3 million, and is far below SinglePoint’s market value which is around $65 million.
We develop and publish mobile gaming and business apps, with a focus on accelerating the development of free to play mobile games and fast-track them to market. We partner with game and business developers through joint ventures, royalty agreements, marketing partnerships, and outright purchases through our publicly-traded company on the OTC Markets, ticker SWRM.
For more information, visit us at www.app-swarm.com
Register for Future Updates
The Company announced plans to provide regular updates to their research opinion on SWRM based on increasing interest within the Bitcoin sector. Investors interested in receiving updates on their report, or other Bitcoin related stocks making news, can register to our investor mailing list here