Bullet Blockchain, a U.S.-based software developer, has recently acquired a network of 40 Bitcoin ATMs located in South Florida. This strategic move is part of the company’s plan to expand its deployment and branding efforts. Bullet Blockchain, headquartered in Nevada, is also in the process of pursuing licensing programs for operators and manufacturers of these ATMs.
The company’s licensing programs will include various options such as per-transaction licensing fees, revenue sharing, and partner programs involving Bullet Blockchain’s intellectual property. Simon Rubin, the CEO of Bullet Blockchain, emphasized the importance of the South Florida market and expressed the company’s intention to rapidly expand its presence in other states as well.
Bitcoin ATMs enable users to buy and sell Bitcoin with cash conveniently and anonymously. These machines have gained significant popularity due to their ease of use and accessibility.
However, despite the growing demand for Bitcoin ATMs, the state of Florida has posed a puzzling situation for crypto users. While Florida has passed laws facilitating the integration of tax-free digital currencies in businesses, it has rejected the proposal to integrate Central Bank Digital Currencies (CBDCs) put forth by the Biden government. Governor Ron DeSantis has even formally outlawed the issuing and usage of CBDCs within the state, creating a contradiction between the state and federal authorities.
Additionally, Florida has exempted crypto businesses from money transmission licenses and has implemented a pilot program that allows businesses to pay for state fees using cryptocurrency. With the state’s conflicting stance on crypto-related matters, Bullet Blockchain may face challenges navigating its operations in Florida.
It is noteworthy that Florida currently accounts for approximately 7% of Bitcoin ATMs in the United States, with over 2,000 Bitcoin ATMs scattered across the state. Cities like Miami, Orlando, and Jacksonville have emerged as major hubs for these machines. As the overall number of Bitcoin ATMs in the country continues to rise, Bullet Blockchain’s acquisition of the South Florida network positions the company to tap into the increasing demand for cryptocurrency transactions in the region.
The source of the article is from the blog motopaddock.nl