Despite Cryptocurrency Skepticisms, Standout Players Continue to Ride the Meteoric Rise of Bitcoin
HempWire Editorial Coverage: While skepticism of bitcoin remains, this most popular of the cryptocurrencies continues skyrocketing in value and gaining traction in various industries. Cryptocurrencies like bitcoin are proving especially valuable as a solution for high-risk industries like cannabis, which remains largely unbanked in the United States due to marijuana’s continued status as a Schedule 1 drug under the Controlled Substances Act. Enterprising companies like SinglePoint, Inc. (OTC: SING) (SING Profile) are utilizing cryptocurrency as a means of bypassing federal restrictions and providing cannabis businesses with the financial transaction solutions they so critically need. SinglePoint recently entered into a multiphase…