SAN JUAN, April 22, 2021 (GLOBE NEWSWIRE) — BOTS, Inc. (OTC: BTZI), a vertical integrator and an rising innovator of merchandise, I.P. licensing, commercialization of applied sciences and providers for the quickly rising digital robotics automation, cybersecurity, and manufacturing business introduced right this moment that it entered right into a strategic settlement to completely license the mental property for its Bitcoin ATM I.P. portfolio. The I.P. portfolio now consists of licensing settlement for patent US 10,332,205 B1 (Bitcoin kiosk/ATM gadget and system and technique of utilizing the identical).
BTZI introduced in October 2020 that it acquired a subsidiary from First Bitcoin Capital Corp (OTC: BITCF), which incorporates the rights to U.S. Patent No. 9,135,787 – “Bitcoin Kiosk / ATM Device and System Integrating Enrollment Protocol and Method of Using the Same.” Known because the “Bitcoin ATM Patent,” this patent is expounded to the acquisition and sale of cryptocurrencies using a Bitcoin ATM or kiosk that permits prospects to buy Bitcoin or different cryptocurrencies through the use of money, debit, or bank cards. Many of the weather of that mental property (I.P.) shall be “standard-essential claims,” that are important for the Bitcoin ATM networks to function.
Wrapping up this extra patent below the BTZI umbrella permits BTZI to right away proceed with licensing agreements for the business, together with the producers of Bitcoin ATMs and owner-operators.
BTZI will introduce a number of licensing applications, together with a per transaction licensing price, income share, or companion program with owner-operators.
CoinTelegraph.com reported just lately that the variety of Bitcoin ATMs within the U.S. rose 177% over the previous yr, reaching nearer to 16,000 in April 2021. Coin ATM Radar’s ticker monitoring crypto ATM set up pace indicated that 34.6 new ATMs are being put in every day.
The high 10 Bitcoin ATM operators run over 11500 crypto ATMs (61.6%).
BTZI is the founding father of the primary worldwide Bitcoin ATM consortium or community, the blockchain-powered laptop community that may allow Bitcoin ATM buyer wallets issued by a Bitcoin ATM operator that shall be a member of the community for use to carry out Bitcoin ATM transactions by means of ATMs that belong to a different operator of the community. This is particularly handy when touring overseas, the place Bitcoin ATMs could also be broadly accessible. A community is a typical method of delivering shopping for or promoting (conducive to cryptocurrency) providers that improve the community worth by linking many operators collectively. For instance, the worth of a mobile phone community to prospects will increase with the variety of prospects that may be reached by way of the worldwide community. Similarly, Bitcoin ATM networks will hyperlink collectively Bitcoin ATMs in varied places, giving the shoppers of every operator higher entry to their crypto accounts.
Crypto entrepreneur Bobby Lee, who’s the co-founder and former CEO of China-based crypto change BTCC and the founder and CEO of crypto pockets startup Ballet, informed CNBC that “Bitcoin may surge to $300,000 — however winter may final for years when the bubble bursts.” Lee can be a member of the Bitcoin Foundation’s board of administrators and is the brother of Litecoin (LTC) creator Charlie Lee. Lee has had a blockbuster 2021 up to now, with the cryptocurrency breaking a number of document ranges this yr and surpassing the $63,000 mark earlier in March. It final traded at $53,660.24, in line with knowledge from Coin Metrics.
According to CoinATMradar.com, as of April 2021, there have been nearer to 16,000 Bitcoin ATMs put in within the USA. Average Bitcoin ATM kiosks course of 130-180 transactions month-to-month. This variety of transactions interprets to as much as $20-35 million as potential revenue from I.P. licensing for the Company per yr.
About BOTS, Inc.
Headquartered in San Juan, Puerto Rico, BOTS, Inc. – publicly traded on the OTC Markets below the image (BTZI) is a diversified firm growing and servicing blockchain, cybersecurity, and robotics options for its clientele. The Company is dedicated to driving the improvements wanted to form the way forward for digital robotic automation administration by means of digital expertise and decentralized blockchain options. Management is devoted to the robust progress of Distributed Asset Technology and Robotic Process Automation (RPA).
BTZI is the founding father of the First Worldwide Bitcoin ATM consortium or community, the blockchain-powered laptop community that may allow Bitcoin ATM buyer wallets issued by a Bitcoin ATM operator that shall be a member of the community for use to carry out Bitcoin ATM transactions by means of ATMs that belong to a different operator of the community. This is particularly handy when touring overseas, the place Bitcoin ATMs could also be broadly accessible. A community is a typical method of delivering, shopping for, or promoting cryptocurrency providers that improve the community worth by linking many operators collectively. For instance, the worth of a mobile phone community to prospects will increase with the variety of prospects that may be reached by way of the worldwide community. Similarly, Bitcoin ATM networks will hyperlink collectively Bitcoin ATMs in varied places, giving the shoppers of every operator higher entry to their crypto accounts.
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