Bullet Blockchain Completes Acquisition of IP Portfolio Containing Bitcoin ATM Patents; Will Continue with Licensing to Industry

RENO, NV, November 14, 2022 (GLOBE NEWSWIRE) — via NewMediaWire — Bullet Blockchain, Inc. (“BULT” or the “Company”), (OTCM: BULT), a leading software development and SaaS company specializing in blockchain technologies and Web 3.0, announced today that its wholly-owned subsidiary BULT BOTS Inc. got it. rights USA Patent No. 9,135,787 – “Bitcoin Kiosk / ATM Device and System Integrated Registration Protocol and Method of Using the Same.” Known as the “Bitcoin ATM Patent,” this patent relates to the purchase and sale of cryptocurrencies using a Bitcoin ATM or kiosk that allows customers to purchase Bitcoin or other cryptocurrencies using cash, debit cards, or credit cards.

Many elements of intellectual property (IP) will be “standard essential requirements”. The acquired IP portfolio also includes a license agreement USA Patent No. 10,332,205 B1 (Bitcoin kiosk/ATM device and system and method of using the same). The combined patents acquired by BULT are critical to the functioning of Bitcoin ATM networks.

Acquiring the Bitcoin ATM Patent allows BULT to proceed with several coveted licensing agreements for the Bitcoin ATM industry. These licenses include Bitcoin ATM manufacturers and top owner-operators. BULT will also seek to introduce several licensing programs for Bitcoin ATM manufacturers, including a per-transaction license fee, revenue share, or partnership program with owner-operators.

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

Additionally, according to Coin ATM Radar, the top 10 operators operate 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 “Crypto ATM Market Size, Share and Trends Analysis Report by Type (One way, Two ways), By Offer, By Coin Type (Bitcoin, Dogecoin, Ethereum, Litecoin), By Application, By regionAnd Segment Forecasts, 2022 – 2030” noted that “the size of the global cryptocurrency ATM market is estimated. USD 75.0 mln It is expected to expand at a compound annual growth rate (CAGR) of 61.7% in 2021 and from 2022 to 2030. The research report states, “Crypto ATMs allow customers to transfer money abroad without the need for a bank account, while also allowing users to convert cryptocurrency to fiat currency and withdraw cash through ATMs. Additionally, the legalization of cryptocurrency in several countries is also one of the major factors that bodes well for the growth of the cryptocurrency ATM market. (source: Global Crypto ATM Market Size and Share Analysis Report, 2030 (grandviewresearch.com)

BULT will continue its efforts to develop the world’s first Bitcoin ATM network and consortium.

For travelers, this is especially convenient when traveling abroad, where Bitcoin ATMs are more widely available. As a business function, by connecting operators together, the Bitcoin ATM network and consortium will deliver buying and selling services (friendly for cryptocurrency) to end users more efficiently, contributing to increased values. For example, the value of a mobile phone network to customers increases with the number of customers that can be reached through the global network. Similarly, Bitcoin ATM networks will try to connect Bitcoin ATMs in different locations, giving each operator’s customers greater access to their crypto accounts.

For more information, visit www.BulletBlockchain.com

About Bullet Blockchain

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

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Contact: contact@BulletBlockchain.com

Source: Bullet Blockchain, Inc

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