Financial news firm Networknewswire has announced that an editorial focusing on SinglePoint, Inc. Common Stock (OTCMKTS:SING) has been published. Though initially founded as a provider of mobile technology SinglePoint has since then diversified and has invested in marijuana as well as distributed ledger technology companies. By employing a growth strategy that is based on making acquisitions the services that SinglePoint offers have greatly expanded and this has also resulted in an appreciation of its share price.
One of the acquisitions SinglePoint has made focuses on solving the challenges that healthcare providers face including integrating existing systems. Additionally SinglePoint is offering technological solutions to specific areas such as supply chain management.
Less than a week ago SinglePoint inked an LOI (Letter of Intent) with ORHub aimed at developing a services platform based on the distributed ledger technology focusing on healthcare applications. The surgical resource management software of ORHub is revolutionizing how handle data from the operating room and thereby reducing supply chain costs.
Under the deal SinglePoint will undertake to design and develop a blockchain-based solution for ORHub. This will be as an addon and it is expected to improve the value of the operating room’s data. SinglePoint will receive up to $0.75 million to cover initial development costs.
“Our vision is to dramatically lower surgical costs, create time efficiencies while improving patient outcomes by capturing relevant surgical data and deploying this information through blockchain solutions to provide instant access for doctors, patients and hospital administrators,” said the chief executive officer of ORHub, Colt Melby.
Last month SinglePOint also inked an LOI with a view to acquiring Bitcoin Beyond, a startup that allows retail merchants to accept payments in Bitcoin (BTC) by use of an existing point-of-sale device which is web-enabled. SinglePoint is expected to pay approximately $1 million for the acquisition.
Initially Bitcoin Beyond was founded in order to address a growing demand for reliable and fast electronic payment procession solution for the cannabis sector. Currently there are a myrdia issues that merchants face with regards to the management of physical cash. This has made it expensive and risky and Bitcoin Beyond seeks to make it unnecessary to possess on-site safes or hire armored cars and armored guards.