“Bullet ATM” Branded ATM Machines Will be Integrated With the Company’s Patented Technologies, Making Them the First Licensed Bitcoin ATM Network in North America
RENO, NV, June 28, 2023 (GLOBE NEWSWIRE) -- via NewMediaWire – Bullet Blockchain, Inc. (“BULT” or the “Company”), (OTC: BULT), a pioneering software development and SaaS company at the forefront of blockchain technologies and Web 3.0, is pleased to announce the successful completion of a strategic transaction to acquire a fleet of Bitcoin ATMs. As the owner and licensor of two Bitcoin ATM patents, the Company is excited to expand its offerings and provide greater accessibility to cryptocurrencies.
As previously announced, BULT acquired an intellectual property portfolio consisting of Bitcoin ATM Patents (the “IP Portfolio”). BULT’s IP Portfolio will be integrated into all Bullet ATMs making it the first licensed Bitcoin ATM network of kiosks in North America. Bitcoin ATMs have experienced significant growth in the United States, driven by the increasing demand for convenient cryptocurrency transactions. According to the website CoinATM Radar, there were nearly 31,000 Bitcoin ATMs in the United States and nearly 2,800 Bitcoin ATMs in Canada as of the time of this release. BULT intends to license its IP Portfolio to other Bitcoin ATM operators and manufacturers in North America.
“We are excited to be one of the few publicly traded Bitcoin ATM companies with our anticipated roll out of our Bullet ATMs,” commented Simon Rubin, Chief Executive Officer. “Bitcoin is a rapidly growing asset class, and we believe that our Bullet ATMs will provide a convenient and easy way for people to get involved. We believe that the Atlanta Georgia metropolitan area is a great market for Bullet ATMs. The city has a large and growing diverse population who are more likely to be interested in Bitcoin. We are confident that our Bullet ATMs will be well-received by the local community.”
Bitcoin ATMs allow users to conveniently buy and sell Bitcoin for cash using a free-standing kiosk similar in size to a traditional ATM machine. The process is simple and secure, and users can typically complete a transaction in minutes. These automated machines allow individuals to buy or sell Bitcoin using cash, providing a seamless bridge between traditional fiat currency and the world of digital assets. As the adoption of cryptocurrencies continues to rise, the future of Bitcoin ATMs in the United States appears promising.
Bitcoin ATMs are becoming increasingly popular, as they offer a convenient way for people to access the Bitcoin market. As more people recognize the potential of Bitcoin and seek to participate in the Bitcoin market, the need for accessible on-ramps becomes crucial without relying on online brokers or exchanges. BULT’s CEO, Simon Rubin, concluded: “Bullet ATMs are a reasonable alternative to online exchanges and the accessibility makes Bullet ATMs an attractive option for both seasoned crypto enthusiasts and newcomers to the space.”
About Bullet Blockchain
Headquartered in Reno, Nevada, Bullet Blockchain Inc. – common stock is publicly traded on the OTC Markets under the symbol (BULT) – the owner and licensor of two Bitcoin ATM patents, is a diversified software development and SaaS company, specializing in blockchain technologies and Web 3.0. 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 rapid growth and increasing the shareholders’ value.
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