Many elements of intellectual property (IP) will be “standard essential requirements”. The acquired IP portfolio also includes a license agreement
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
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.
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