Bullet Blockchain Announces Partnership and Licensing Agreement

Core Insights - Bullet Blockchain, Inc. has entered a strategic partnership and licensing agreement with Innovative Payment Solutions, Inc. to enhance Bitcoin ATM transactions across Mexico [1][2] - The partnership aims to secure and expand the cryptocurrency payment ecosystem in North America, with IPSI paying a royalty fee for each transaction through Bullet Blockchain's network [2][4] Licensing Agreement - IPSI will gain licensed access to Bullet Blockchain's intellectual property portfolio, which includes critical technologies for Bitcoin ATMs [2][5] - Bullet Blockchain is actively pursuing licensing agreements with Bitcoin ATM operators to foster a regulated infrastructure and avoid litigation [3][6] Consumer Protection - The partnership emphasizes consumer safety by addressing concerns related to unlicensed Bitcoin ATMs, which pose risks of fraud and illicit activities [4] - Bullet Blockchain and IPSI are committed to consumer protection and industry regulation through this licensing agreement [4] Intellectual Property - Bullet Blockchain owns two key patents related to Bitcoin ATM technology, which are essential for the operation and security of these machines [5] - The company continues to advance its licensing initiatives, offering various partnership models to operators and manufacturers [6] Company Overview - Bullet Blockchain is a diversified software development and blockchain technology company, publicly traded on the OTC Markets under the symbol BULT [7] - The company is focused on driving innovations in digital and blockchain-related platforms, aiming for rapid growth and increased shareholder value [7]