“Bullet Blockchain Inc. (OTC: BULT): Leading the Tech Frontier in Web 3.0, Blockchain, and Bitcoin (BTC/XBT) ATM Patents”

Bullet Blockchain, Inc. (OTC: BULT) a diversified software development and software as a service (SaaS) company, which specializes in blockchain technologies and Web 3.0. The Company, through its wholly owned subsidiary, First Bitcoin Capital, LLC (FBC), is the owner and licensor of two Bitcoin (BTC/XBT) ATM patents. 

Reflecting on Bitcoin's (BTC/XBT) resurgence, saw a remarkable climb from $16,605 on January 1, 2023, to a closing value of $43,402 on December 7, 2023, marking a staggering 161.38% year-to-date increase. 

Bullet Blockchain's ownership of Bitcoin (BTC/XBT) ATM patents gains added significance. The company holds exclusive rights to the patent titled "Bitcoin Kiosk/ATM Device and System Integrating Enrolment Protocol and Method of Using the Same," identified as United States Patent Number 9,135,787. These rights are vested in Bullet Blockchain through its wholly-owned subsidiary, First Bitcoin Capital LLC.

The mentioned patent relates to cryptocurrency transactions facilitated by a kiosk or Bitcoin (BTC/XBT) ATM, allowing customers to purchase Bitcoin (BTC/XBT) and other cryptocurrencies using credit cards, debit cards, or cash. Additionally, the company, through its subsidiary First Bitcoin Capital, possesses another patent, United States Patent Number 1033220581, titled "Bitcoin Kiosk/ATM Device and System and Method of Using the Same," covering the kiosks themselves. Combining both patents is essential for the seamless operation of Bitcoin (BTC/XBT) ATM machines and their associated networks.

On November 8, the spotlight turned toward the company following an announcement regarding a significant achievement in its patent portfolio. Bullet Blockchain revealed the successful completion of its inaugural patent royalty and licensing agreement with a Bitcoin (BTC/XBT) ATM operating entity. Moreover, the company received its initial payment as stipulated in the agreement.

The company further revealed the introduction of several customized licensing programs designed specifically for manufacturers of Bitcoin (BTC/XBT) ATMs. These programs encompass elements such as revenue sharing, partner initiatives, and licensing fees based on transactions. The press release highlighted that First Bitcoin persisted in addressing the business dealings of unlicensed Bitcoin ATM operators, despite being in contravention of the company's intellectual property portfolio for Bitcoin ATMs.

 

 

Disclaimers: The Private Securities Litigation Reform Act of 1995 provides investors with a safe harbor with regard to forward-looking statements. Any statements that express or involve discussions with respect to predictions, expectations, beliefs, plans, projections, assumptions, objectives, goals, and assumptions about future events or performance are not statements of historical fact and may be forward looking statements. Forward looking statements are based on expectations, estimates, and projections at the time the statements are made that involve a number of risks and uncertainties that could cause actual results or events to differ materially from those presently anticipated. Forward looking statements in this action may be identified through use of words such as projects, foresee, expects, will, anticipates, estimates, believes, understands, or that by statements, indicating certain actions & quotes; may, could or might occur Understand there is no guarantee past performance is indicative of future results. Investing in micro-cap or growth securities is highly speculative and carries an extremely high degree of risk. It is possible that an investor's investment may be lost or due to the speculative nature of the companies profiled. TheStreetReports (TSR) is responsible for the production and distribution of this content."TSR" is not operated by a licensed broker, a dealer, or a registered investment advisor. It should be expressly understood that under no circumstances does any information published herein represent a recommendation to buy or sell a security. "TSR" authors, contributors, or its agents, may be compensated for preparing research, video graphics, podcasts and editorial content. "TSR" has not been compensated to produce content related to "Any Companies" appearing herein. As part of that content, readers, subscribers, and everyone viewing this content are expected to read the full disclaimer in our website.

Media Contact
Company Name: The Street Reports
Contact Person: Editor
Email: Send Email
Country: United States
Website: http://www.thestreetreports.com


Data & News supplied by www.cloudquote.io
Stock quotes supplied by Barchart
Quotes delayed at least 20 minutes.
By accessing this page, you agree to the following
Privacy Policy and Terms and Conditions.