in

Bullet Blockchain Completes Intellectual Property Acquisition

Bullet Blockchain Completes Intellectual Property Acquisition

RENO, NV, November 14, 2022 (GLOBE NEWSWIRE) — via NewMediaWire – Bullet Blockchain, Inc. (“BULT” or the “Company”) (OTCM: BULT), an advanced blockchain and Web 3.0 software and SaaS company, announced today that BULT has acquired a wholly owned subsidiary of BOTS. Inc., which holds the rights to U.S. Patent No. 9,135,787 – “Bitcoin kiosk/ATM, device and system integrating a registration protocol and a method of using it.” Known as “Bitcoin ATM”, this patent deals with buying and selling cryptocurrencies using a Bitcoin ATM or kiosk, giving customers the ability to buy Bitcoin or other cryptocurrencies using cash, debit or credit cards.

Many elements of intellectual property (IP) will be “basic standard claims”. The acquired intellectual property portfolio also includes a license agreement for US Patent No. 10,332,205 B1 (Bitcoin kiosk/ATM device and system and method of using them). The combined patents obtained by BULT are critical to the operation of Bitcoin ATM networks.

The acquisition of the Bitcoin ATM patent allows BULT to secure several coveted licensing agreements for the Bitcoin ATM industry. These licenses include Bitcoin ATM manufacturers and leading owner-operators. BULT also plans to introduce several licensing programs for Bitcoin ATM manufacturers, which will include a transaction license fee, a revenue share, or an owner-operator partnership program.

According to Coin ATM Radar, the US leads the world in the number of Bitcoin ATMs installed, with more than 34,119 reported across the country. (source: Coin ATM Radar: https://coinatmradar.com).

In addition, according to Coin ATM Radar, the top 10 operators use 26,192 crypto ATMs (77.3%) in the US. (source: Coin ATM Radar: https://coinatmradar.com/charts/top-operators/united-states/).

A recent research report was written by Grand View Research titled “Analysis Report on Crypto ATM Market Size, Share and Trends by Type (Single-sided, Double-sided), By Supply, By Coin Type (Bitcoin, Dogecoin, Ethereum, Litecoin), By Application.” , By Region, And Segment Forecasts, 2022-2030″ states that “The global crypto ATM market is estimated to be worth $75.0M in 2021 and is expected to have a Compound Annual Growth Rate (CAGR) of 61.7% from 2022 to 2030. “. The research report states that “Crypto ATMs allow customers to transfer money abroad without the need to open a bank account, they also allow users to convert cryptocurrencies to fiat currency, and allow users to withdraw cash through ATMs. In addition, the legalization of cryptocurrencies in several countries is also one of the main factors driving the growth of the cryptocurrency ATM market.” (source: 2030 Global Crypto ATM Market Size and Share Analysis Report (grandviewresearch.com) )

BULT will continue its efforts to develop the first worldwide Bitcoin ATM network and consortium.

For travelers, this is especially convenient when traveling abroad, where Bitcoin ATMs may be more widely available. As a business function, by linking the operators together, the Bitcoin ATM network and the consortium will effectively provide buying and selling (crypto-friendly) services to end users in a much more efficient manner, which will drive value. For example, the value of a cellular phone network to customers increases as the number of customers that can be reached over the WAN increases. Similarly, Bitcoin ATM networks will seek to link Bitcoin ATMs in different locations, giving customers of each operator greater access to their crypto accounts.

For more information please visit www.BulletBlockchain.com

About Bullet Blockchain

Bullet Blockchain Inc. headquartered in Reno, Nevada – publicly traded on OTC markets under the symbol (BULT) – is a diversified software and SaaS company specializing in blockchain and Web 3.0 technologies. BULT is committed to driving the innovation needed to shape the future of digital and blockchain-related platforms through digital technologies and decentralized blockchain solutions. Management is focused on sustainable growth and shareholder value.

Shareholders, potential investors and others should take note that we communicate material events and material financial information to our shareholders and the public using our website and the social media addresses set out below, as well as in OTC market disclosures, press releases, public conferences. calls and webcasts. We also use social media to communicate with our email subscribers and the public about BULT, services and other relevant information. Information we post on social media may be considered material information. Therefore, we encourage shareholders, the media and others with an interest in BULT to review the information we post on the BULT social networks listed below. This list may be updated from time to time.

Follow us at:

Find BULT news at http://www.BulletBlockchain.com

Follow BULT on Twitter @BULT_stock

Follow BULT on Reddit @ https://www.reddit.com/r/BULT/

Follow BULT on Facebook @ https://www.facebook.com/BulletBlockchainInc/

Follow BULT on LinkedIn @ www.linkedin.com/in/bullet-blockchain-inc

For investors and general information please email contact@BulletBlockchain.com

Forward looking statements

Statements in this press release that are not statements of historical or current fact are “forward-looking statements”. Such forward-looking statements involve known and unknown risks, uncertainties and other unknown factors that could cause the Company’s actual results to differ materially from any past results or any future results expressed or implied by such forward-looking statements. In addition to these factors, actual future performance, results and results could differ materially due to more general factors including (but not limited to) general industry and market conditions and growth rates, economic conditions, and government and government policy changes. The forward-looking statements included in this press release represent the views of the Company as of the date of this press release, and those views may change at some point in the future, but the Company expressly disclaims any liability in this regard. These forward-looking statements should not be relied upon as the Company’s views as of any date following the date of the press release. In addition to statements that explicitly describe these risks and uncertainties, readers are urged to consider statements containing terms such as “believes”, “believes”, “expects”, “expects”, “intends”, “intends”, “anticipates” , “anticipates”, “plans”, “plans” to be vague and prudent.

Written by khirou

Leave a Reply

Your email address will not be published. Required fields are marked *

BakerHostetler

CBDC report published; Launch of Crypto and NFT initiatives; OFAC renames Tornado Cash; SEC and CFTC Target Cryptocurrency Fraud; FTX Files for Bankruptcy | BakerHostetler

Kevin O'Leary: FTX Collapse Is a Turning Point for the Industry — 'Crypto Bottom Is In'

The collapse of FTX is a turning point for the industry