The growing popularity of cryptocurrencies has led to a surge in payment systems built on the blockchain technological revolution.
- Blockchain-based payments, which can be transacted directly between parties without bank involvement, allow those underserved by banks to access electronic payment.
- These blockchain-based payment systems are growing in popularity and prestige, with celebrity endorsements and appearances on the high street.
- They allow consumers to make fast payments and businesses to reduce payment processing fees.
The growing mainstream popularity of blockchain-based payments is reflected in a recent TV advertisement by SinglePoint, Inc. (OTCQB: SING) (SING Profile) for its cryptocurrency wallet. Online retailer Overstock.com, Inc. (NASDAQ: OSTK) is also launching a digital wallet service that supports cryptocurrencies, following the path of Square Inc. (NYSE: SQ), which is integrating bitcoin into its mobile payment systems. Electronic payment giant PayPal Holdings, Inc. (NASDAQ: PYPL) has taken out a patent for a faster cryptocurrency payment system, reflecting the company’s interest in this sector. Meanwhile, the growth of blockchain is driving growth for NVIDIA Corporation (NASDAQ: NVDA), which produces graphic processing units used in cryptocurrency mining.
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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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