Bullet Blockchain Completes the Acquisition of the IP – Crypto News BTC

RENO, NV, Nov. 14, 2022 (GLOBE NEWSWIRE) — by way of NewMediaWire – Bullet Blockchain, Inc. (“BULT” or the “Firm”), (OTCM: BULT), a complicated software program growth and SaaS firm, specializing in blockchain applied sciences and Net 3.0, introduced at this time that BULT acquired a completely owned subsidiary from BOTS Inc., which holds the rights to U.S. Patent No. 9,135,787 – “Bitcoin Kiosk / ATM Gadget and System Integrating Enrollment Protocol and Methodology of Utilizing the Similar.” Often known as the “Bitcoin ATM Patent,” this patent is expounded to the acquisition and sale of cryptocurrencies using a Bitcoin ATM or kiosk, giving clients the power to buy Bitcoin or different cryptocurrencies utilizing money, debit playing cards, or bank cards.

Many parts of mental property (IP) will likely be “standard-essential claims.” The acquired IP portfolio additionally features a licensing settlement for U.S Patent No. 10,332,205 B1 (Bitcoin kiosk/ATM machine and system and methodology of utilizing the identical). The mixed patents acquired by BULT are crucial for Bitcoin ATM networks to function.

Buying the Bitcoin ATM Patent permits BULT to proceed with a number of coveted licensing agreements for the Bitcoin ATM trade. These licenses embrace the producers of Bitcoin ATMs and high owner-operators. BULT can even look to introduce a number of licensing applications for Bitcoin ATM producers, which can embrace a per-transaction licensing charge, income share, or companion program with owner-operators.

In response to Coin ATM Radar, the US leads the world within the variety of put in Bitcoin ATMs: reported to be over 34,119 nationwide. (supply: Coin ATM Radar: https://coinatmradar.com).

Moreover, based on Coin ATM Radar, the High 10 operators run 26,192 crypto ATMs (77.3%) within the US. (supply: Coin ATM Radar: https://coinatmradar.com/charts/top-operators/united-states/).

A latest analysis report was written by Grand View Analysis titled “Crypto ATM Market Measurement, Share & Tendencies Evaluation Report By Kind (One Method, Two Method), By Providing, By Coin Kind (Bitcoin, Dogecoin, Ethereum, Litecoin), By Software, By Area, And Section Forecasts, 2022 – 2030” indicated that the “international crypto ATM market dimension was valued at USD 75.0 million in 2021 and is anticipated to broaden at a compound annual progress charge (CAGR) of 61.7% from 2022 to 2030.” The analysis report signifies that “Crypto ATMs permit clients to switch cash overseas with out the necessity for a checking account, it additionally allows customers to transform cryptocurrency into fiat forex and permits for money withdrawal by way of ATM machines. Moreover, the legalization of cryptocurrency throughout a number of nations can be one of many main elements that bode properly with the expansion of the cryptocurrency ATM market.” (supply: Global Crypto ATM Market Size & Share Analysis Report, 2030 (grandviewresearch.com )

BULT will proceed its efforts to develop the primary worldwide Bitcoin ATM community and consortium.

For vacationers, that is particularly handy when touring overseas, the place Bitcoin ATMs could also be extra broadly out there. As a enterprise perform, by linking operators collectively, a Bitcoin ATM community and the consortium will successfully ship shopping for and promoting providers (conducive to cryptocurrency) to finish customers rather more effectively, which might contribute to elevated values. For instance, the worth of a mobile phone community to clients will increase with the variety of clients that may be reached by way of the worldwide community. Equally, Bitcoin ATM networks will search to hyperlink collectively Bitcoin ATMs in numerous places, giving the shoppers of every operator larger entry to their crypto accounts.

For extra data, please go to www.BulletBlockchain.com   

About Bullet Blockchain

Headquartered in Reno, Nevada, Bullet Blockchain Inc. – inventory is publicly traded on the OTC Markets underneath the image (BULT) – is a diversified software program growth and SaaS firm, specializing in blockchain applied sciences and Net 3.0. BULT is dedicated to driving the improvements wanted to form the way forward for digital and blockchain-related platforms by way of digital expertise and decentralized blockchain options. Administration is devoted to robust progress and rising the shareholders’ worth.

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