Multifaceted financial news and publishing company NetworkNewsWire this morning announced the availability of a new audio interview with SinglePoint, Inc. (OTC: SING) CEO Greg Lambrecht. In the interview, which can be heard at http://NNW.fm/SING-interview-Feb-2017, Lambrecht gives prospective investors some insight into the company’s SingleSeed Payments subsidiary, which aims to offer electronic banking services to businesses operating in the burgeoning cannabis industry. With a total of 28 states currently allowing medicinal cannabis use, industry advocates expect banks to begin offering financial services to related businesses sooner rather than later, creating a potentially sizable opportunity for SinglePoint to capitalize on its early-mover advantage in the space. “Two years ago we were using our merchant processing ability, and we were placing terminals in dispensaries in Washington and Oregon and Colorado,” Lambrecht stated in the interview. “The banks shut that down, and with the recent elections in November…that business is expected to grow from $5 billion to $50 billion to quite possibly $100 billion.”
To view the full press release, visit http://nnw.fm/wo9dW
About SinglePoint, Inc.
SinglePoint, Inc. is a full-service mobile technology and marketing provider. We provide solutions that allow our clients to conduct business transactions, accept donations, and engage in targeted communication through mobile devices. Our products connect small to mid-size companies to their target markets by providing innovative mobile technology at reasonable rates. SinglePoint recognized the strength in acquiring interest in undervalued subsidiaries in other markets to create a diversified holding base.
For more information visit www.SinglePoint.com
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