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SAN JUAN, Puerto Rico, Could 17, 2021 (GLOBE NEWSWIRE) — BOTS, Inc. (OTC: BTZI), a vertical integrator and an rising innovator of merchandise, applied sciences, and providers for the quickly rising digital robotics automation, cybersecurity, and manufacturing business introduced at the moment launch of Mental Property (I.P.) licensing tips for the Bitcoin ATM operators and producers. Copies of the rules can be found upon request from the Firm. These Mental-Property Tips are designed to assist Bitcoin ATM operators implement sensible, inside licensing compliance insurance policies in keeping with our patents along with the associated I.P. legal guidelines and to scale back the enterprise dangers related to counterfeiting, piracy, and transaction cybersecurity.
Bitcoin ATM corporations, massive and small, more and more use and depend on mental property—the copyright, trademark, patents, commerce secrets and techniques, and different intangible rights that underlie many services and products within the cryptocurrency ATM business at the moment. The “mental capital” embodied in innovations and inventive content material may be essential to financial progress and enterprise improvement as conventional capital, items, and providers.
I.P. protections present the incentives and returns on investments for mental capital crucial to supply a steady stream of improvements in crypto and blockchain economies. These make particular person corporations, business sectors, and nationwide economies extra aggressive.
These Mental-Property Bitcoin ATM IP Tips are designed to be useful to a variety of companies concerned within the Bitcoin ATM business, together with ATM producers, banks, and non-bank Bitcoin ATM operators and are appropriate to be tailor-made to deal extra particularly with explicit segments of the Bitcoin ATM provide chain.
These tips could also be used instantly as a foundation for a Bitcoin ATM firm to create or enhance inside I.P. compliance, firm insurance policies, or worker manuals. The phrases of those Tips can be included in contracts between BOTS Inc and suppliers, corresponding to ATM kiosk producers.
They’re additionally appropriate for adoption as the idea of an I.P. compliance certification, whether or not voluntary or obligatory, within the Bitcoin ATM business.
Additionally, these Tips are meant to be a “dwelling doc” able to evolving to reply to the challenges of recent applied sciences and globalization, and political and financial commerce pressures. Just like the mental property system extra usually, these Tips are meant as a balanced strategy that respects the authentic pursuits of I.P. rights homeowners, different stakeholders in addition to the Bitcoin ATM enterprise neighborhood.
Our I.P. tips are compliant with U.S. Antitrust Legal guidelines and rules.
Analysis printed by Statista.com signifies that the variety of Bitcoin ATMs worldwide grew by each passing month since 2015, reaching new highs in 2021. As of January 1, 2021, there have been practically 14,000 Bitcoin ATMs worldwide. So far as Bitcoin ATMs are involved, there are two primary kinds of such ATMs: the fundamental ones, permitting the customers solely to buy Bitcoins, and extra complicated ones, enabling the customers each to purchase and promote the digital cash. Within the case of complicated ATMs, solely the members of a selected ATM producer can use the ATM. As of July 2020, the main producers of the Bitcoin ATMs have been Genesis Coin and Common Bytes, with 34.6 % and 30.three % of the market share, respectively. The best variety of Bitcoin ATMs was recorded in the US as of July 2020. In whole, roughly 83 % of world ATMs have been concentrated in North America.
Within the USA, as of Could 2021, the quantity grew to 17,000, with 19,500 Bitcoin ATMs put in and operational word-wide.
A current article printed in BankingDive.com talked about that a Virginia-based financial institution offers Bitcoin entry at ATMs. “Anybody can use the financial institution’s ATMs to purchase and promote Bitcoin so long as their ATM card is accepted,” BluePoint ATM Options CEO Wade Zirkle informed the Richmond Instances-Dispatch on Thursday.
“The financial institution’s twin functionality of servicing money and Bitcoin transactions at its ATMs is exclusive,” stated David Tente, govt director of the U.S., Canada, and Americas for the ATM Business Affiliation.
“There are numerous that carry out conventional money transactions, in addition to digital Bitcoin transactions, however not each,” he informed the Instances-Dispatch.
Zirkle stated in an announcement that his Firm predicts extra neighborhood banks and credit score unions will demand comparable “modern fintech options” of their branches.
“This can be a main milestone when it comes to the adoption of Bitcoin as a fungible forex,” Stephen Mathai-Davis, co-founder and CEO of quantitative funding analysis and analytics firm Q.ai, stated in an e-mail. “The true problem for digital property, for my part, stays the custody course of. How do I save my digital property in a location that I can belief and can supply true transparency into its worth? The choice by Blue Ridge provides this resolution whereas additionally providing the flexibility for customers to start changing Bitcoin into U.S. in the identical approach many people would go to a financial institution to transform foreign currency echange.”
Blue Ridge’s announcement comes as bigger banks and cost networks transfer into the cryptocurrency area.
BNY Mellon, the biggest custody financial institution within the U.S., stated Thursday it’s going to maintain, switch and difficulty cryptocurrencies on behalf of its asset-management shoppers. Mastercard stated a day earlier that it could help sure digital property on its community this yr. JPMorgan Chase introduced final spring it could lengthen banking providers to cryptocurrency exchanges Gemini and Coinbase.
The Workplace of the Comptroller of the Foreign money (OCC) has issued a number of crypto-related statements in current months, together with an interpretive letter in January clarifying that banks can use stablecoins to facilitate cost transactions for purchasers on an unbiased node verification community. That adopted steering from July is specifying that nationwide banks may present cryptocurrency custody providers and maintain distinctive cryptographic “keys” related to cryptocurrencies on behalf of shoppers.
The combination of cryptocurrencies into main monetary establishments has pathed the best way for exponential growth of Bitcoin into the greater than three.5 million ATMs internationally, opening up potential patent-related revenues streams for Bots of staggering proportions.
Returning to Present SEC Reporting Standing
The Firm returning to present SEC reporting standing is a significant step that permits a far broader vary of buyers to accumulate Bots’ shares, including liquidity and higher upside to our massive and rising shareholders base, which additionally is a crucial step to up-listing on a significant inventory market.
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 Firm is dedicated to driving the improvements wanted to form the way forward for digital robotic automation administration by digital expertise and decentralized blockchain options. Administration is devoted to the robust progress of Distributed Asset Know-how and Robotic Course of Automation (RPA).
Bots, Inc. I.P. portfolio contains licensing settlement for patent US 10,332,205 B1 (Bitcoin kiosk/ATM system and system and technique of utilizing the identical) and Patent No. 9,135,787 – “Bitcoin Kiosk / ATM Machine and System Integrating Enrollment Protocol and Methodology of Utilizing the Identical.” Often called the “Bitcoin ATM Patent,” this patent is said to the acquisition and sale of cryptocurrencies using a Bitcoin ATM or kiosk that permits prospects to buy Bitcoin or different cryptocurrencies by utilizing money, debit, or bank cards.
Shareholders, potential buyers, and others ought to be aware that we announce materials occasions and materials monetary data to our shareholders and the general public utilizing our web site and the social media addresses listed beneath, in addition to in our SEC filings, press releases, public convention calls, and webcasts. We additionally use social media to speak with our subscribers and the general public about our Firm, providers, and different points. It’s potential that the data we put up on social media might be deemed to be materials data. Subsequently, we encourage shareholders, the media, and others considering our Firm to evaluate the data we put up on the U.S. social media channels listed beneath. This record could also be up to date occasionally.
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Sure statements contained on this press launch might represent “forward-looking statements.” Ahead-looking statements present present expectations of future occasions primarily based on sure assumptions and embody any assertion that doesn’t instantly relate to any historic or present truth. Precise outcomes might differ materially from these indicated by such forward-looking statements because of numerous essential elements as could also be disclosed within the Firm’s filings. Along with these elements, precise future efficiency, outcomes, and outcomes might differ materially due to extra basic elements, together with (with out limitation) basic business and market circumstances and progress charges, financial circumstances, and governmental and public coverage modifications. The forward-looking statements included on this press launch characterize the Firm’s views as of the date of this press launch, and these views may change. Nevertheless, whereas the Firm might elect to replace these forward-looking statements sooner or later sooner or later, the Firm particularly disclaims any obligation to take action. These forward-looking statements shouldn’t be relied upon as representing the Firm’s views as of any date subsequent to the date of the press launch. Such forward-looking statements are dangers which are detailed within the Firm’s web site and filings.
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