Bullet Blockchain Completes Acquisition of IP Portfolio Consisting of Bitcoin ATM Patents; Will continue with licensing to industry

RENO, NV, 14 November 2022 (GLOBE NEWSWIRE) — via NewMediaWire — Bullet Blockchain, Inc. (“BULT” or the “Company”), (OTCM: BULT), an advanced software development and SaaS company, specializing in blockchain technologies and Web 3.0, announced today that BULT acquired a wholly owned subsidiary of BOTS Inc., who have rights to US Patent No. 9,135,787 – “Bitcoin Kiosk / ATM Device and System Integration of Registration Protocol and Method of Using the Same.” This patent, known as the “Bitcoin ATM patent”, relates to the purchase and sale of cryptocurrencies using a Bitcoin ATM or kiosk, allowing customers to purchase Bitcoin or other cryptocurrencies using cash, debit or credit cards.

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

Acquiring the Bitcoin ATM patent allows BULT to pursue several coveted licensing agreements for the Bitcoin ATM industry. These licenses include the Bitcoin ATM manufacturers and top owner operators. BULT will also look to introduce more licensing programs for Bitcoin ATM manufacturers, which would include a license fee per transaction, revenue share or partner program with owner-operators.

According to Coin ATM Radar, the United States leads the world in the number of installed Bitcoin ATMs: reported to be over 34,119 nationwide. (source: Coin ATM Radar:

Furthermore, according to Coin ATM Radar, the top 10 operators run 26,192 crypto ATMs (77.3%) in the US. (source: Coin ATM Radar:

A recent research report was written by Grand View Research titled “Crypto ATM Market Size, Share & Trends Analysis Report by Type (A road, Bidirectional), By Offer, By Coin Type (Bitcoin, Dogecoin, Ethereum, Litecoin), By Application, By regionAnd Segment Forecasts, 2022 – 2030” indicated that the “global crypto ATM market size was valued at USD 75.0 million in 2021 and is expected to expand at a compound annual growth rate (CAGR) of 61.7% from 2022 to 2030.” The research report indicates that “Crypto ATMs allow customers to transfer money abroad without the need for a bank account, it also enables users to convert cryptocurrency to fiat currency and allows for cash withdrawals through ATMs. Furthermore, legalization of cryptocurrency across multiple country is also one of the main factors that bodes well for the growth of the cryptocurrency ATM market.” (source: Global Crypto ATM Market Size & Share Analysis Report, 2030 (grandviewresearch.com )

BULT will continue its efforts to develop the first worldwide Bitcoin ATM network and consortium.

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

For more information, please visit www.BulletBlockchain.com

About Bullet Blockchain

With headquarters in Reno, Nevada, Bullet Blockchain Inc. – shares 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. 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 strong growth and increasing shareholder value.

Shareholders, potential investors and others should note that we announce important events and material financial information to our shareholders and the public using our website and the social media addresses listed below, as well as in our OTC Markets disclosures, press releases, public conferences calls and webcasts. We also use social media to communicate with our email subscribers and the public about BULT, services and other related information. It is possible that the information we post on social media can be considered material information. We therefore encourage shareholders, the media and other interested parties in BULT to review the information we post on BULT’s social media channels listed below. This list may be updated from time to time.

Follow us on:

Find BULT news at

Follow BULT news on Twitter @ BULT_stock

Follow BULT on Reddit @

Follow BULT on Facebook @

Follow BULT on LinkedIn @ www.linkedin.com/in/bullet-blockchain-inc

For investor and general information, please email [email protected]

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 may cause the company’s actual operating results to differ materially 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, results and outcomes may differ materially due to more general factors, including (without limitation) general industry and market conditions and growth rates, economic conditions and changes in government and public policies. 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 may change at some point in the future, but 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 encouraged to consider statements that contain terms such as “believe,” “believe,” “anticipate,” “anticipate,” “intend,” “intend,” “anticipate,” ” “anticipate,” “plan,” “plan,” to be uncertain and future-oriented.

Contact: [email protected]

Source: Bullet Blockchain, Inc

2022 GlobeNewswire, Inc., source Press releases