SinglePoint (OTCQB: SING), a fully reporting technology company providing mobile payments, ancillary cannabis services and blockchain solutions, stated its optimism regarding the future of banking in the cannabis industry following the resignation of U.S. attorney general Jeff Sessions. SinglePoint is poised to take advantage of the opportunity to fill the need for a functional banking solution for the industry, as it currently handles traditional merchant processing for other businesses. “We are excited to see the possibility of what could happen with cannabis banking. This could present a major opportunity for SinglePoint to offer services we have been able to provide to other businesses for years. The biggest winner here could be the ancillary service provides and the potential access to banking,” SinglePoint President Wil Ralston stated in the news release.
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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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