SinglePoint, Inc. Common Stock (OTCMKTS:SING) made some new announcements a few days ago. The company’s subsidiary ShieldSaver has signed a contract with CarFax according to which the Nevada-based company will directly provide information to the commercial web-based service. The American company also announced development updates related to its cannabis payment solutions’ platform along with cannabis-related news.

SinglePoint Integrates Bitcoin (BTC) Accepting Payment Mode

SinglePoint has been striving hard to improve its standing in the cannabis market and has been tapping all the dimensions and possibilities that can give it a lead in this particular market segment. As a part of this strategy, the company announced the integration of a stand-alone point of sale terminal which gives the merchants the ability to accept Bitcoin (BTC) in the form of payment.

Now the customers interested in buying through the SinglePoint platform can use their debit or credit card at the counter without having to take help of the web-based app. The company is trying to streamline the payment processes so that the purchase experience of cannabis almost becomes similar to that using a credit or debit card at a store. According to Rep. John Boehner (R-Ohio), the former speaker of the House and a known cannabis antagonist he now believes that cannabis should be de-scheduled so that the medical studies can start. Boehner has now become a member of the board of a cannabis company.

ShieldSaver To Benefit Form CarFax Data

Will Ralston, the SinglePoint President said, “We are excited for this new relationship with CarFax, and we believe there is a lot of opportunity to expand the relationship with CarFax. They are a fantastic company – the absolute leader in their space – and we look forward to a long, synergistic relationship.”

As per the agreement, ShieldSaver will extract data from the system of CarFax to add more efficient features to its mobile applications. The subsidiary company of SinglePoint is right on the track expanding its presence in the market by building relationships with the industry leaders and prominent names in its business sectors that can help in increasing its expansion speed. The company has also taken steps to improve its nation-wide presence by associating itself with international airport parking lot management companies including LAZ Parking and WallyPark.