Tag Archives: Bitcoin

Bitcoin Kiosk Patent News – Bitcoin Capital Group Claim

Bitcoin Capital Group Claims Bitcoin Kiosk Patent

Editor Notes: Kiosk Industry monitors patent suits and will be monitoring this one regarding Bitcoin Kiosk patent. Noted on Yahoo news 8/1/2019

TEL AVIV, ISRAEL / ACCESSWIRE / August 1, 2019 / FIRST BITCOIN CAPITAL CORP (OTC PINK:BITCF) (“the Company”) a prolific generator of more than 100 unique cryptocurrencies and the developer of blockchain powered technology is proud to announce today that it has acquired http://legacy-assignments.uspto.gov/assignments/q?db=pat&reel=049886&frame=0552 U.S. Patent No. 9,135,787 – “Bitcoin Kiosk / ATM Device and System Integrating Enrollment Protocol and Method of Using the Same.” Known as the “Bitcoin ATM patent” this patent is related to the purchase and sale of cryptocurrencies utilizing a Bitcoin ATM or kiosk that allows customers to purchase Bitcoin or other cryptocurrencies by using cash, debit or credit cards.

Bitcoin ATMs do not require their users to have bank accounts, so customers can simply pay and instantly buy or sell Bitcoin or other cryptocurrencies.

Greg Rubin, Company’s Chief Executive Officer stated, “Being the first ever publicly traded company in the Bitcoin and Blockchain industry, we now have acquired one of the most important intellectual properties in this space, as we believe that this patent will provide us a unique and leveraged position, in addition to our other projects as we continue moving forward into the digital asset and cryptocurrency businesses. This patent complements our innovation in the field.”

According to Coin ATM Radar, there are more than 3,000 Bitcoin ATMs in the United States as of July, 2019, with average daily 3.7 Bitcoin ATM installations in the US.

https://coinatmradar.com/charts/growth/united-states/

All Bitcoin ATMs and Kiosks manufactured and sold in the U.S., and all Bitcoin ATMs and Kiosks operated in the U.S. are believed to be subject to this patent and the company intends to enforce its right upon acquisition of same.

The Company has already begun negotiations with a major law firm that has a very successful track record in enforcing patent rights when working on a contingency basis.

U.S. Bitcoin ATMs represent 13.5 percent of all venues transacting in the digital currency worldwide, according to research by Larry Cermak, head of analysis at The Block.

It is expected that this number of Bitcoin ATMs will continue to rise in the near future with more and more people discovering bitcoin as a payment method and store of value.

First Bitcoin will develop strategies for structuring and implementation of an IP management plan. A business plan prepared by a third party foresees the owner of this unique Bitcoin patent earning more than 50 million dollars in profits over a 5 years period.

The acquisition of the Bitcoin ATM Patent was arranged through the facilities of IPOfferings LLC, a leading patent brokerage, patent valuation and IP consulting services firm.”

Related Bitcoin Kiosk News

Bitstop and KIOSK Information Systems Announce Bitcoin ATM Partnership at NRF Big Show 2019

LOUISVILLE, Colo.–(BUSINESS WIRE)–Bitcoin ATM pioneer Bitstop has partnered with KIOSK Information Systems (KIOSK), the largest custom self-service solution provider in North America, to create an innovative Bitcoin ATM platform enabling customers to easily buy and sell digital currency on the spot. KIOSK will be featuring the newest Bitstop ATM model at the 2019 NRF Big Show in booth #3755.

“We’re excited to partner with Bitstop on this Bitcoin ATM solution. They have a great reputation in the Bitcoin space and are one of the premier operators in the Crypto ATM industry.”

Bitstop’s innovative software platform paired with KIOSK’s industry-leading hardware sets a new standard in the Bitcoin ATM Industry, an industry that has grown from nothing five years ago to over 4,000 Bitcoin ATMs in 2018 (coinatmradar.com). Growth projections for this new niche ATM category are expected to exceed 10,000 installations world-wide in the next two years alone.

Retailers in the US and Internationally are taking notice because these ATMs are a great way to monetize existing floorspace while driving in-store foot traffic. Bitcoin ATMs are popping up in mainstream retail storefronts such as supermarkets, malls, convenience stores, gas stations, as well as hotels & airports.

Bitcoin is a digital currency which has seen hyper growth in recent years due to a surge in demand for the scarce digital asset by retail customers who want to invest. It’s still early days and access to Bitcoin can be complicated or confusing. Bitcoin ATMs solve this problem by making the process simple. In four easy steps, you can buy Bitcoin instantly. Customers don’t have to wait days for their Bitcoin or deal with complicated exchanges that provide little or no education.

On the solution partnership announcement, Bill Butler, KIOSK CEO, said, “We’re excited to partner with Bitstop on this Bitcoin ATM solution. They have a great reputation in the Bitcoin space and are one of the premier operators in the Crypto ATM industry.”

Andrew Barnard, Bitstop’s Co-Founder, states, “Our goal is to sell thousands of Bitcoin ATMs globally over the next few years. While the market is currently still in its infancy, we predict that within five years, it will be normal to see a Bitcoin ATM when you’re out shopping, traveling or pumping gas. To get to that point, we know it must be incredibly easy for the consumer to use, and for the retailer to operate. This solution partnership combines Bitstop’s four years of experience developing and operating a fleet of 100 Bitcoin ATMs with KIOSK’s 25+ years of industry leading design and engineering experience. The end result is a simple, secure, and reliable Bitcoin ATM exchange platform that is beneficial to both the consumer and the deploying retailer.” NRF demonstrations in KIOSK booth #3755.

About KIOSK Information Systems: As the Market Leader in Self-service Solutions, KIOSK provides proven expertise in design engineering, application development, integration, manufacturing, field support, and managed services for even the most sophisticated self-service platforms. A deep portfolio of standard and custom KIOSK designs are deployed among Top 100 Retailers and Fortune 500 clients in virtually all self-service vertical markets. www.kiosk.com, 800.509.5471.

About Bitstop: Bitstop is a Bitcoin infrastructure development company based in sunny Miami, FL. Founded in 2013, Bitstop is an early pioneer in the Bitcoin ATM industry whose mission is to build tools and services which make Bitcoin more accessible.

Contacts

KIOSK Information Systems
Cheryl Madeson, cmadeson@kiosk.com
or
Bitstop
Serguei Hernandez, serguei@bitstop.co