Bullet Blockchain’s Subsidiary, First Bitcoin Capital LLC, Continues to Pursue Unlicensed Violators of Bullet Blockchain’s Intellectual Property
RENO, NV, Dec. 18, 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, proudly announces a significant milestone: the successful deployment of 10 licensed Bitcoin ATMs across the state of Georgia as the first stage of its planned deployment and branding of 30 Bitcoin ATM kiosks.
As previously announced, BULT recently completed a strategic transaction to acquire a portfolio of Bitcoin ATMs. With this acquisition, BULT is excited to extend its cryptocurrency offerings and improve accessibility of digital assets for the residents of Georgia. The integration of BULT's IP Portfolio into these Bitcoin ATMs establishes the first licensed Bitcoin ATM network in North America. “We are thrilled to be one of the few publicly traded Bitcoin ATM companies, launching and branding the Bullet ATMs to serve the growing demand,” stated Simon Rubin, Chief Executive Officer of BULT. “With Bitcoin continuing to gain traction as an asset class, Bitcoin ATMs provide a straightforward and accessible way for individuals to participate. We see great potential in the Atlanta, Georgia metropolitan area, where diverse communities are increasingly interested in Bitcoin. We are confident that our Bullet ATMs will be well-received within the local community.” This move is in line with the rapidly growing demand for convenient cryptocurrency transactions.
Bitcoin ATMs offer a user-friendly, secure, and convenient means for individuals to buy and sell Bitcoin for cash. Transactions are typically completed within minutes, bridging the gap between traditional fiat currency and digital assets. As cryptocurrency adoption continues to rise, Bitcoin ATMs are poised for a promising future in the United States. Bullet ATMs have become a preferred choice for accessing the Bitcoin market, especially for those seeking alternatives to online brokers or exchanges. Simon Rubin, CEO of BULT, emphasized, “Bullet ATMs provide a practical alternative to online exchanges, making Bitcoin accessible to both seasoned enthusiasts and newcomers alike.”
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 According to CoinATM Radar, there were nearly 27,455 Bitcoin ATMs in the United States and nearly 2,882 Bitcoin ATMs in Canada as of the time of this release. Bitcoin ATMs are becoming increasingly popular, as they offer a convenient way for people to access the Bitcoin market. As the adoption of cryptocurrencies continues to rise, the future of Bitcoin ATMs in the United States appears promising.
As previously announced, BULT acquired First Bitcoin Capital LLC, which owned an intellectual property portfolio consisting of the rights to two Bitcoin ATM patents, becoming the owner and licensor of these valuable assets. By virtue of its subsidiary First Bitcoin Capital LLC, BULT’s intellectual property includes the ownership and the exclusive rights to US Patent Nos. US9135787B1 “Bitcoin kiosk/ATM device and system integrating enrollment protocol and method of using the same” (US9135787B1) and US10332205B1 “Bitcoin kiosk/ATM device and system and method of using the same” (US10332205B1), respectively. The combined patents acquired by BULT are critical for Bitcoin ATM networks to operate. BULT plans to introduce several licensing programs for Bitcoin ATM manufacturers, which will include a per-transaction licensing fee, revenue share, or partner program with Bitcoin ATM owner-operators. As previously announced, BULT has retained counsel to target unlicensed Bitcoin ATM operators and manufacturers. The Company will continue to pursue unlicensed Bitcoin ATM operators and manufacturers violating the Company’s Bitcoin ATM intellectual property portfolio.
About Bullet Blockchain
Headquartered in Reno, Nevada, Bullet Blockchain Inc. – common stock is publicly traded on the OTC Markets under the symbol (BULT) – is a diversified software development and SaaS company, specializing in blockchain technologies and Web 3.0, and though its wholly owned subsidiary, First Bitcoin Capital LLC, the owner and licensor of two Bitcoin ATM patents. 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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Statements in this press release that are not statements of historical or current fact 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 be materially different from any historical results or from any future results expressed or implied by such forward-looking statements. In addition to these factors, actual future performance, outcomes, and results may differ materially because of more general factors, including (without limitation) general industry and market conditions and growth rates, economic conditions, and governmental and public policy changes. The forward-looking statements included in this press release represent the Company's views as of the date of this press release, and these views could change at some point in the future. However, the Company specifically disclaims any obligation to do so. These forward-looking statements should not be relied upon as representing the Company's views as of any date subsequent to the date of the press release. In addition to statements that explicitly describe these risks and uncertainties, readers are urged to consider statements that contain terms such as "believes," "belief," "expects," "expect," "intends," "intend," "anticipate," "anticipates," "plans," "plan," to be uncertain and forward-looking.
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