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SEATTLE, Sept. 05, 2018 (GLOBE NEWSWIRE) -- via NetworkWire – SinglePoint Inc. (SING) announces an additional investment into StakeHaul, the No. 1 peer-to-peer betting application. StakeHaul offers a unique way for individuals to bet on anything, from the NFL week one matchups to who will win your weekend’s round of golf.

The StakeHaul platform is the future of social betting. StakeHaul is currently on the Apple App Store and the Google Play store and is the #1 ranked app for all of your bets against your friends. StakeHaul has had over 70,000 lifetime downloads and consistent double-digit percentage growth in both monthly active users and bets placed on the platform. StakeHaul is finalizing testing for a new peer-to-peer payment model for lost bets in both USD and cryptocurrency, which will be a first in the industry.

StakeHaul is well positioned to take advantage of an evolving $150B betting industry now that the U.S. Supreme Court in May 2018 struck down the Professional & Amateur Sports Protection Act (commonly known as “PASPA”). Prior to this, 70% of Americans favored the legalization of betting.

Over one-third of all Americans bet on at least one sports event annually. In the case of millennials, that number increases considerably, with millennials betting on something at least once annually. Ninety-seven percent of Americans that bet make more bets outside of casinos than at the casino.

StakeHaul has a patent pending on the technology and the processes behind the betting model, which started in March 2017. “All in all, our unique features, our ease of use, and the legal momentum behind betting in the U.S. makes our opportunity not just a home run, but a grand slam,” states Jeffery Lippert, founder of StakeHaul.

 

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SinglePoint Launches SingleCoin Through National TV Ad Campaign

Seattle, Washington--(Newsfile Corp. - September 25, 2018) - SinglePoint Inc. (OTCQB: SING), a technology growth holding company providing mobile payments, ancillary cannabis services and blockchain solutions, today announced that SingleCoin advertisements are being scheduled and will announce final time slots in the coming days. SinglePoint plans to run multiple spots advertising our Bitcoin wallet application SingleCoin, available on iOS and Android. These advertisements will be featuring Kevin Harrington, an Original Shark on the hit TV show Shark Tank.

"SinglePoint will be the one of the first crypto wallet applications to run a national ad campaign on major television networks. This is the beginning of what we hope will be a large build out supporting multiple currencies and cryptos. Our goal is to provide an easy way for users to make purchases using SingleCoin. Whether it is cannabis or convenience store purchases, users should be able to transact business effortlessly through their SingleCoin wallet. Currently, work is being done to add additional coins and to support the purchase and sale of these coins," states SinglePoint President Wil Ralston.

SinglePoint conceptualized the application in 2014, with the idea that an alternative payment solution for cannabis businesses could be developed utilizing Bitcoin. In response to the tremendous adoption of Bitcoin, AppSwarm joined SinglePoint to co-develop the app with a view to developing a tool that allows dispensaries to easily accept and convert the BTC to fiat currency and for customers to make purchases that are transacted at the same speeds as traditional payment cards. The wallet application SingleCoin is another step in the direction of helping retailers easily transact purchases with cryptocurrencies.

Aiming to boost user-engagement, SinglePoint has also developed a detailed cryptocurrency guide which can be accessed through our website (www.SinglePoint.com). This resource covers the history of cryptocurrencies, the different types of tokens available, and provides a guide to getting started with crypto.

AppSwarm and SinglePoint most recently collaborated on LastMile Delivery, a solution for small businesses and cannabis delivery companies to efficiently manage deliveries. With SingleCoin they are again solving problems for small businesses and their customers: giving them more choices and streamlining transactions. With SingleCoin, customers will be able to simply choose to pay with Bitcoin.

 

 

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