DRP Journal

Discover Research Profit

Finance 

Bullet Blockchain Inc. (OTC: BULT) in Expansion Mode: Here is How

Ian Leigh

The software development and SaaS (software as a service) leader Bullet Blockchain Inc. (OTC: BULT) could well be one of the companies to keep an eye on this morning.

The company, which is at the vanguard of advancements in Web 3 and blockchain technologies, announced this week that it had been successful in the installation of as many as 10 licensed Bitcoin ATM machines in the state of Georgia. It was a significant new achievement for the company and also marked the start of the early stage of its initiative to deploy as many as 30 Bitcoin ATM machines as part of its wider branding efforts.

In this context, it ought to be noted that the company had also been successful in finalizing a deal pertaining to the acquisition of a portfolio of assets, which also included Bitcoin ATMs. In the news release from the company on December 20 regarding the launch of the Bitcoin ATMs in Georgia, Bullet Blockchain announced that it was excited to have expanded its cryptocurrency service for the residents of Georgia.

Additionally, the company also noted that it was also going to provide the residents of the state with higher accessibility. The Bitcoin ATM network launch was a significant development considering the fact that it constituted the setting up of the first ever licensed network of Bitcoin ATMs across North America.

Ian Leigh

Ian Leigh is a specialist in analyzing stocks, SEC and OTC filings, and financials of public and privately-held companies. He has played a significant role in M&A activity, consulting with publicly-held firms on acquisitions and divestitures. He also consults on valuations and branding. He lectures at major universities and teaches at specialty financial schools.