NEW YORK, August 31, 2017 /PRNewswire/ --
Bitcoin's price reached a new all-time high of $4,703.42 on Tuesday, or up 70% in the month of August. While on Wednesday, the price of bitcoin detracted slightly and trading between a range of $4,580 to $4,600. Some have expressed concerns that the value of the digital currency has reached its peak, and its value will fall fast. Others, like Financial Advisor Neil Waxman, managing director of Capital Advisors have a different opinion. "Anyone who thinks this is a fad is deluding themselves, clients really need to be educated on this topic," he told the Financial Advisor publication (a Financial Times service). Global Payout, Inc. (OTC: GOHE), Bitcoin Services Inc. (OTC: BTSC), SinglePoint, Inc. (OTC: SING), Global Arena Holding Inc. (OTC: GAHC), United American Healthcare Corporation (OTC: UAHC)
Bitcoin's official news, revealed that the protocol firm Blockstream announced this month their plan to transmit bitcoin from space across the world using satellite technology. Blockstream CEO, Adam Back talked about how the technology would help people across the globe. He said, "Today's launch of Blockstream Satellite gives even more people on the planet the choice to participate in Bitcoin. With more users accessing the Bitcoin blockchain with the free broadcast from Blockstream Satellite, we expect the global reach to drive more adoption and use cases for Bitcoin, while strengthening the overall robustness of the network."
Global Payout, Inc. (OTC: GOHE) on August 28th announced that, "it will incorporate bitcoin as a payment method for retail and wholesale customers in the cannabis industry. In providing a solution for the logistical headaches and constant security threats to cannabis businesses, Global Payout's majority owned MoneyTrac Technology, Inc. ('MTRAC') subsidiary will leverage its virtual financial wallet technology to eliminate cash payments for cannabis at retail stores.
Because marijuana is illegal on a federal level in the United States, the industry is largely underbanked. As a result, most cannabis companies and dispensaries lack an electronic method to complete secure payments, instead conducting all-cash transactions. This environment creates significant challenges in terms of accounting, cash management storage, and safety. Global Payout recognizes bitcoin as the quickest, safest and most reliable way to fill this void and help cannabis companies more efficiently conduct their business."
"Since there is an inability to access commercial banks for merchant bank accounts, we feel it is imperative to focus on currency alternatives such as bitcoin to service cannabis industry transactions. Furthermore, our payment system is completely ready for use. It will not require a great deal of time or money to incorporate bitcoin into the equation," says Global Payout Founder and CEO, Jim Hancock.
Joe Sebo, CFO of Global Payout adds, "Everyone in the payment processing world is racing to provide the cannabis industry with a cashless alternative using bitcoin technology, and the companies that accomplish this task will realize incredible profits. I believe Global Payout is one of those companies."
Bitcoin Services Inc. (OTC: BTSC) are Internet based to the consumer and consist of two separate streams, bitcoin mining and blockchain software development. The company's principal products and services are the mining of bitcoins, and the development and sale of blockchain software. On August 10, 2017, the company announced that it launched a new corporate website. In addition, Bitcoin Services Inc. has created a new subsidiary Crypto Capital Corp that will develop a new Crypto currency wallet. The wallet will let users safely store multiple digital currencies in one wallet. Bitcoin Services Inc. would also like to congratulate all Bitcoin users for reaching a historic all-time high on August of 2017.
SinglePoint, Inc. (OTC: SING) has grown from a full-service mobile technology provider to a publicly traded holding company. On August 8, 2017, the company announced its purchase of $Weed which is one of the newest fiat currencies floated in the booming Cryptocurrency markets. The large block purchase is from crypto industry leader, First Bitcoin Capital. After many months of collaboration, the two companies have decided this initiative is the starting point for a much larger play in the cryptocurrency markets. Weed "Coin" is a crypto currency geared toward solving the payment problems found in the cannabis industry. The coin recently had its ICO launch resulting in an impressive yet illiquid market cap of close to $60,000,000.
Global Arena Holding Inc. (OTC: GAHC) focuses on acquiring technologies, patents and companies having the ability to leverage the blockchain crypto technology. The company recently announced that after months of development and testing, the Company's subsidiary, Global Election Services, Inc., announce the implementation of new proprietary software and hardware to utilize in ballot scanning during the tabulation process. John Matthews, CEO of Global Arena Holding, Inc. said "Our priority is to provide our clients with the absolute best election services possible. These new proprietary tools, coupled with decades of reputable election management experience, makes that slogan a reality. Therefore, we will continue to aggressively pursue technological advancements that will give GES the competitive edge."
United American Healthcare Corporation (OTC: UAHC), through its subsidiary, UAHC Ventures, LLC, pursues strategic investment opportunities in various growth industries. Recently, the company announced that UAHC Ventures has partnered with MGT Capital Investments, Inc. by providing a $2 million investment to MGTI, the proceeds of which will be utilized by MGTI to further expand and develop its Bitcoin mining operations. UAHC Ventures is a newly formed subsidiary of UAHC, created to pursue strategic-investment opportunities in promising growth industries, such as blockchain technologies and digital currency.
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