Changes in the way people make payments and receive goods have created a new vision for the future of shopping.
- Increasingly efficient delivery systems bring goods to shoppers’ doorsteps.
- Electronic payment is making payment processing faster for consumers and businesses.
- Blockchain offers a potential route to further speed up payment systems.
- All of this will have consequences for the companies providing processing power.
SinglePoint, Inc. (OTCQB: SING) (SING Profile) is involved in two of the biggest shopping technology trends, having developed both a delivery system and an electronic payment wallet. Those payments are made using cryptocurrency, produced through the mining operations of companies such as the Marathon Patent Group, Inc. (NASDAQ: MARA). PayPal Holdings, Inc. (NASDAQ: PYPL) remains a leader in electronic payment and has made acquisitions to ensure its position. The need for more memory and processing power increases demand for secure data storage, which is provided by companies such as Seagate Technology PLC (NASDAQ: STX). Even the eminent legacy brand International Business Machines Corporation (NYSE: IBM) is involved in these changes with its own blockchain payment system creation.
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About SinglePoint, Inc.
SinglePoint, Inc. is a technology and investment company with a focus on acquiring companies that will benefit from the injection of growth capital and technology integration. The company portfolio includes mobile payments, ancillary cannabis services and blockchain solutions. Through acquisitions into horizontal markets, SinglePoint is building its portfolio by acquiring an interest in undervalued companies, thereby providing a rich, diversified holding base. Through SingleSeed, the company is providing products and services to the cannabis industry. For more information, visit the company’s website at www.SinglePoint.com
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