Bullet Blockchain completes the acquisition of the IP wallet consisting of Bitcoin ATM patents; It will proceed with the license for the industry

RENO, NV, November 14, 2022 (GLOBE NEWSWIRE) – via NewMediaWire – Bullet Blockchain, Inc. (“BULT” or the “Company”), (OTCM: BULT), an advanced software development and SaaS company specializing in blockchain and Web 3.0 technologies, announced today that BULT has acquired a wholly owned subsidiary of BOTS Inc., which holds the rights to WE Patent n. 9.135.787 – “Bitcoin Kiosk / ATM device and system integrator registration protocol and method of use of the same”. Known as the “Bitcoin ATM Patent,” this patent is related to buying and selling cryptocurrencies using a Bitcoin ATM or kiosk, giving customers the ability to purchase Bitcoin or other cryptocurrencies using cash, debit cards, or credit cards.

Many elements of intellectual property (IP) will be “core standard claims”. The acquired IP portfolio also includes a license agreement for WE Patent n. 10.332.205 B1 (device and system for Bitcoin / ATM kiosk and method of use of the same). The combined patents acquired by BULT are critical to the functioning of Bitcoin ATM networks.

The acquisition of the Bitcoin ATM patent allows BULT to proceed with several coveted licensing agreements for the Bitcoin ATM industry. These licenses include Bitcoin ATM manufacturers and major proprietary managers. BULT will also seek to introduce several licensing programs for Bitcoin ATM manufacturers, which will include a license fee per transaction, a revenue share or a partnership program with proprietary operators.

According to Coin ATM Radar, the United States leads the world by number of Bitcoin ATMs installed – over 34,119 nationwide. (source: Coin ATM Radar: https://coinatmradar.com).

Additionally, according to Coin ATM Radar, the top 10 operators handle 26,192 cryptocurrencies (77.3%) in the United States. (source: Coin ATM Radar: https://coinatmradar.com/charts/top-operators/united-states/).

A recent research report was written by Grand View Search titled “Crypto ATM Market Size, Stocks and Trends Analysis Report by Type (One Way, Two-way), by offer, by type of currency (Bitcoin, Dogecoin, Ethereum, Litecoin), by application, By RegionAnd Segment Forecasts, 2022-2030 “indicated that the” size of the global crypto ATM market was assessed at 75.0 million dollars in 2021 and is expected to expand at a compound annual growth rate (CAGR) of 61.7% from 2022 to 2030. “The research report indicates that” Crypto ATMs allow customers to transfer money overseas without the need for a bank account, they also allow users to convert cryptocurrency into fiat currency and allow cash withdrawals via ATMs. Furthermore, the legalization of cryptocurrency in different countries is also one of the major auspicious factors with the growth of the cryptocurrency ATM market. “(Source: Analysis report on the size and shares of the global cryptocurrency ATM market, 2030 (grandviewresearch.com)

BULT will continue its efforts to develop the world’s first Bitcoin ATM network and consortium.

For travelers, this is especially convenient when traveling overseas, where Bitcoin ATMs may be more widely available. As a business function, linking operators, a Bitcoin ATM network, and the consortium together will effectively provide buying and selling (cryptocurrency-friendly) services to end users much more efficiently, which would help increase values. For example, the value of a cellular phone network to customers increases with the number of customers that can be reached via the global network. Likewise, Bitcoin ATM networks will seek to link Bitcoin ATMs in various locations together, giving each operator’s customers greater access to their crypto accounts.

For more information, visit www.BulletBlockchain.com

Of Bullet blockchain

Based in Reno, Nevada, Bullet Blockchain Inc. – the shares are listed on the OTC markets under the symbol (BULT) – is a diversified software development and SaaS company, specializing in blockchain and Web 3.0 technologies. BULT is committed to driving the innovations needed to shape the future of digital and blockchain-related platforms through digital technology and decentralized blockchain solutions. Management is dedicated to strong growth and increasing shareholder value.

Shareholders, prospective investors and others should note that we announce relevant events and relevant financial information to our shareholders and the public using our website and social media addresses listed below, as well as in disclosures, press releases and public conference of the our OTC markets calls and webcasts. We also use social media to communicate with our email subscribers and the public about BULT, services and other related information. It is possible that the information we post on social media could be considered material information. Therefore, we encourage shareholders, the media and others interested in BULT to review the information we post on BULT’s social media channels listed below. This list may be updated from time to time.

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Forward-Looking Statements

Statements in this press release that are not statements of historical or current facts constitute “forward-looking statements”. Such forward-looking statements involve known and unknown risks, uncertainties and other unknown factors that could cause the Company’s actual operating results to differ materially from any historical results or any future results expressed or implied by such forward-looking statements. In addition to these factors, actual future performance, results and results may differ materially due to more general factors, including (without limitation) general industry and market conditions and growth rates, economic conditions and policy changes. public and governmental. The forward-looking statements included in this press release represent the views of the Company as of the date of this press release and these views may change at some point in the future, however the Company expressly disclaims any obligation to do so. These forward-looking statements should not be relied upon as representing the views of the Company at any date after the date of the press release. In addition to statements that explicitly describe these risks and uncertainties, readers are encouraged to consider statements that contain terms such as “believes”, “believes”, “expects”, “expects”, “intends”, “intends”, “anticipates” , “” anticipates “,” plans “,” plans “, to be uncertain and far-sighted.

Contact: contact@BulletBlockchain.com

Source: Bullet Blockchain, Inc

2022 GlobeNewswire, Inc., source Press releases


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