Investment in blockchain technology is growing rapidly. As innovators develop new ways to apply the technology to a range of industries, more companies are finding new applications for the technology and attracting increased funding from investors at the same time. SinglePoint, Inc. (SING) (SING Profile) has attracted investment for a broad range of blockchain services, including applications in payment processing, logistics and health care. Visa, Inc. (V) is testing a new business-to-business blockchain payment service aimed at making international financial transactions easier. Mastercard, Inc. (MA) has registered a patent for a blockchain database to reduce the need for intermediaries and resultant delays in payment processing. International Business Machines Corp. (IBM) is collaborating with a shipping firm to develop blockchain-based international logistics designed to smooth out global supply chains while HIVE Blockchain Technologies Ltd. (TSX-V: HIVE) (HVBTF) operates its own cryptocurrency facilities that seek to bridge the gap between new and traditional finance.
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About SinglePoint, Inc.
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. For more information, visit www.SinglePoint.com.
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