Bullet Blockchain, Inc. (OTC: BULT) 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.
The IP Portfolio will be integrated into all Bullet ATMs, making it the first licensed Bitcoin ATM network of kiosks in North America. According to 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.
Simon Rubin, Chief Executive Officer, commented: “We are excited to be one of the few publicly traded Bitcoin ATM companies with our anticipated roll out of our Bullet ATMs. Bitcoin is a rapidly growing asset class and 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 and that our ATMs will be well-received by the local community.”
Bitcoin ATMs allow users to 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. As the adoption of cryptocurrencies continues to rise, the future of Bitcoin ATMs in the United States appears promising.
With the accessibility of Bullet ATMs, they provide an attractive option for both seasoned crypto enthusiasts and newcomers to the space. Bullet Blockchain Inc., headquartered in Reno, Nevada, 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.
Shareholders, potential investors, and others should note that BULT announce material events and material financial information to its shareholders and the public using its website and social media channels. It is possible that the information posted on social media could be deemed to be material information. Therefore, we encourage shareholders, the media, and others interested in BULT to review the information posted on BULT’s social media channels.
Forward-Looking Statements: 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.
Shareholders, potential investors, and others should follow us at our social media channels for updates on BULT, its services, and other related information. This list may be updated from time to time. Contact us at contact@BulletBlockchain.com.
