Million Dollar Deal - SinglePoint Signs LOI to Acquire 100% of Bitcoin Payment Platform Bitcoin Beyond
SINGLEPOINT INC (SING)
NASDAQ:AMEX Investor Relations:
ir.singlepoint.com
Company Research
Source: GlobeNewswire
SEATTLE, Jan. 23, 2018 (GLOBE NEWSWIRE) -- via OTC PR WIRE--SinglePoint, Inc. (SING) today announces a letter of intent (“LOI”) to acquire 100% of Bitcoin Beyond, a premier platform that enables retail merchants to accept bitcoin payments using their existing web-enabled point-of-sale device. This acquisition, priced at $1 million all stock, is expected to provide SinglePoint with a full end-to-end purchasing experience that provides merchants and bitcoin users unprecedented capabilities. Bitcoin Beyond was created to address growing demand for fast and reliable electronic payment processing for the cannabis industry. As the industry exists today, many merchants face extensive physical cash management issues that require expensive and risky on-site safes, armed guards, armored cars, and physical cash transfers. Bitcoin Beyond stands to overcome these challenges, functioning as a general-purpose point-of-sale system that processes dollar-denominated payments using bitcoin. It can
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