CannabisNewsWire Editorial Coverage: The price of bitcoin recently hit an all-time high of more than $7,800, edging closer to Goldman Sachs’ (NYSE: GS) forecast that the cryptocurrency will hit $8,000. This projection echoes increasing interest and application for cryptocurrency, as demonstrated by several public companies such as high-tech payment processing solutions provider SinglePoint, Inc. (SING) (SING Profile), which stands at the nexus of two roaring industries: cryptocurrency and cannabis. The widespread applicability of blockchain technology to multiple industries, combined with investor’s insatiable appetite for bitcoin and other cryptocurrencies, has also lit a fire under sector players Bitcoin Investment Trust (GBTC), HIVE Blockchain Technologies Ltd. (HIVE:CC), Global Blockchain Technologies Corp. (BLKCF) and Bitcoin Services, Inc. (BTSC).
SinglePoint, Inc. (SING) in 2010 cut its teeth in payment innovations as a pioneer of payment enabled text messaging. But as CEO of SinglePoint, Greg Lambrecht recently explained in an interview, the company is not resting on its laurels and is making significant strides to stay ahead of the curve (http://cnw.fm/gH8Pw).
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Meteoric Rise of Bitcoin, Open Embracing of Blockchain by Sector Majors
