SinglePoint, Inc. Common Stock (OTCMKTS:SING) announced recently that it has acquired ShieldSaver to extend its blockchain innovation to the automotive industry. ShieldSaver is a leading firm the focuses on developing automotive repair and maintenance products and services.

ShieldSaver has collaborated with several key companies to access and obtain essential data on vehicles and their owners in specified locations to assess and establish the need for repairs and maintenance of the cars by directly contacting and giving relevant information about the condition of the vehicle to the car owners.

Since ShieldSaver can easily obtain relevant data from vehicles, the launch of Blockchain technology by SinglePoint will strengthen and keep safely a record of crucial historical data and ensure transparency in the automotive industry and specifically to the individual car buyers and sellers around the world.

In addition, the company has a wide network of where the vehicles are usually parked including international airports, car wash entities, and other potential areas that convey business opportunities. The company has dominated the market with this unique business model of soliciting repair tasks directly from clients unlike other technical firms that are yet to innovatively think about it.

Meanwhile, SinglePoint recently launched a Bitcoin Payment option, Singleseed Bitcoin Payment Solution (SBPS) to support the cannabis industry. At the same time, the firm is expecting to launch a new cryptocurrency exchange in the near future and a crypto wallet to enhance the efficiency of operations in the industry.

The SBPS system is basically a user-friendly platform for transactions intended to offer the cannabis merchants with an easy option of paying for products using digital currencies and at the same time increase the awareness of the company products and services.

The platform is currently accepting Bitcoin payments but plans are underway to expand its offering to incorporate other cryptocurrencies such as Ethereum, Ripple, and much more. SinglePoint’s unique system can be applied at any point-of-sale, by any business entity ranging from medical and recreational cannabis clinics.