Emerging Technology

100 bitcoin

Bitcoin Well Announces Addition of Over 100 New Bitcoin ATM Machines as Part of an Expanding Partnership with RapidCash ATM

Bitcoin Well (the "Company" or "BTCW"), a technology company building and utilizing products that offer safe and easy ways to buy, sell and use bitcoin, is pleased to announce the growth of our partnership with RapidCash ATM Ltd. ("RCAL"), a partnership offering further benefits following our acquisition of Ghostlab Inc. ("Ghostlab"), which closed on September 13, 2021. After initially installing the Ghostlab software on its first ATM in December of 2020, RCAL subsequently deployed a total of 43 ATM kiosks with our ghostATM software (proprietary Bitcoin ATM software), the majority of which were recently installed. These ATM kiosks have since generated Bitcoin sales of over $565,000 for the RCAL Bitcoin ATM Partner network, which is operated by Bitcoin Well.

  • Expanding partnership with growing traditional ATM operator, RapidCash ATM, to expand Bitcoin ATM operations by over 100 machines
  • Partnership represents exclusive operations of Bitcoin ATM software on all capable RapidCash machines
  • RapidCash ATM expansion to represent an incremental increase to revenue to Bitcoin Well with no additional capital investment

On November 16, 2021, RapidCash announced an exclusive partnership with Canco Petroleum Ltd. ("Canco") that further expands on the existing ATMs deployed. Through the Canco partnership, RCAL intends to deploy in excess of 100 RCAL ATM kiosks into Canco's retail convenience stores across Canada. These kiosks will be equipped with ghostATM, and under the terms of the Company's existing exclusive relationship with RCAL, Bitcoin Well will operate the newly installed Bitcoin ATM software which is expected to provide incremental revenue with zero capital outlay.

"Our strategic partnership with Bitcoin Well allows us to offer crypto and BTC as an application on our appruv Kiosk line in an easy to use interface without managing the complexities of this space," reports Bill Eaton, President of RapidCash ATM Ltd. "We look forward to collaborating with the highly talented group at BTCW on existing and market needed applications."

"The arrangement between RCAL and Canco further demonstrates the opportunity Ghostlab provides to Bitcoin Well, as we are able to exponentially expand our reach without incurring the high capital costs associated with organic growth," said Adam O'Brien, Founder and CEO of Bitcoin Well. "Our unique partnership approach with RCAL offers Bitcoin Well exposure to a whole new customer base to support continued growth, revenue enhancement and margin expansion."

RapidCash ATM Ltd. Partnership

In late 2020, Bitcoin Well and RCAL formed a partnership whereby any newer model, standard RCAL ATM could be rendered compatible to facilitate the buying and selling of Bitcoin by installing Ghostlab's "ghostATM" software on the machine (a software now fully owned and controlled by Bitcoin Well).

Founded in 2000, and headquartered in Edmonton, Alberta, RCAL has grown to become one of the largest independently owned ATM networks operating across Canada, with more than 1,000 operating ATMs/kiosks processing over 10 million transactions annually. RCAL has positioned itself at the forefront of payment innovations and applications in the ATM/fintech industry and become a preeminent cash solutions provider from enterprise to retail. Through the partnership with RCAL, Bitcoin Well now has the opportunity to reach a larger audience and facilitate bitcoin transactions and exposure on existing machines that were originally designed for other purposes such as cash withdrawals, loan applications or bottle depot credits.

The initial rollout for Canco will commence immediately and will continue into 2022. Bitcoin Well is set to support all Bitcoin operations for these ATMs, and we anticipate RCAL could have in excess of 190 ATMs operating with our ghostATM software by summer of 2022. Furthermore, as Canco pursues their growth strategy and opens additional retail stores, RCAL is expected to match their growth by continuing to place machines with ghostATM in these new retail locations, creating an even larger network as a result of this partnership.

About Bitcoin Well

Bitcoin Well (TSX.V: BTCW) offers convenient, secure, and reliable ways to buy and sell bitcoin through a trusted Bitcoin ATM network and suite of web-based transaction services. The Company generates revenue and based on management's assessment of publicly available data, is the first publicly traded Bitcoin ATM company in the world, with an enterprising consolidation strategy to deliver accretive and cost-effective expansion in North America and globally. As leaders of the longest-running, founder-led bitcoin ATM company in Canada, management of Bitcoin Well brings deep operational capabilities that span the entire value chain along with access to proprietary, cutting-edge software development that supports further expansion. Bitcoin Well is on a mission to shift the relationship that society has with money by offering an ecosystem of products and services that make bitcoin accessible and understood. This ecosystem includes non-custodial financial offerings (both in-person and online), technology development, including SaaS and internal technology developments through Ghostlab, the technology arm of the business, and educational resources designed with the needs of both their customers, and the industry, in mind.

Follow us on LinkedIn, Twitter, YouTube, Facebook and Instagram to keep up to date with our business.

Contact Information
For investor information, please contact:

Bitcoin Well

10142 82 Avenue NW
Edmonton, AB T6E 1Z4

Adam O'Brien, President & CEO or
Dave Bradley, Chief Revenue Officer
Tel: 1 888 711 3866

For media queries and further information, please contact:

Karen Smola, Director of Marketing
Tel: 587-735-1570

Reader Advisory / Forward-Looking Statements

Statements in this press release regarding Bitcoin Well which are not historical facts are "forward-looking statements" that involve risks and uncertainties, such as the timing of expansion plans and activities, the obtaining of licenses and approvals from regulatory authorities, allocation of the proceeds from private placements as well as various business objectives. Such information can generally be identified by the use of forwarding-looking wording such as "may", "expect", "estimate", "anticipate", "intend", "believe" and "continue" or the negative thereof or similar variations. Since forward-looking statements address future events and conditions, by their very nature, they involve inherent risks and uncertainties such as the risk that the expansion plans of a partner or a third party do not materialize as expected. Actual results in each case could differ materially from those currently anticipated in such statements due to factors such as: (i) adverse market conditions; (ii) the need for additional financing; and (iii) changes in laws and regulations. Except as required by law, Bitcoin Well does not intend to update any changes to such statements.


The Conversation (0)

Introducing the Venmo Teen Account

  • Parents and legal guardians can now open a Venmo Teen Debit Card and a Venmo account for teenagers 13 to 17 years old, so they can send, receive, and spend money
  • Offers built-in parental controls and oversight capabilities

Venmo today introduced the Venmo Teen Account, providing parents and legal guardians the ability to open a Venmo account for their teenagers between the ages of 13 to 17-years-old so they can send and receive money. The Venmo Teen Account also comes with a Venmo Teen Debit Card 1 . For the first time, the Venmo Teen Account gives teenagers a way to engage with and learn more about managing money through the Venmo app. The Venmo Teen Account will allow parents to monitor transactions, manage privacy settings, send money to their teen, and will help parents to educate their teens on creating healthy money habits.

News Provided by PR Newswire via QuoteMedia

Keep reading...Show less

Fisker Enters Next Phase of Production for Electric Fisker Ocean

  • Fisker begins ramping up production to meet customer demand for the electric Fisker Ocean
  • Next phase of Fisker Ocean One deliveries will start in June in European and US markets

Fisker Inc. (NYSE: FSR) ("Fisker"), driven by a mission to create the world's most emotional and sustainable electric vehicles, is commencing the next phase of production as it accelerates its global launch of the electric Fisker Ocean SUV, and is planning to deliver to next customers across Europe and US markets starting in June.

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20230515005448/en/

News Provided by Business Wire via QuoteMedia

Keep reading...Show less
Fisker Inc. Announces First Quarter 2023 Financial Results

Fisker Inc. Announces First Quarter 2023 Financial Results

  • Company delivers first Fisker Ocean Ones in Copenhagen, Denmark and Munich, Germany, establishing delivery process to early customers.
  • Fisker inaugurated its first two customer locations in April at the Vienna and Copenhagen Centers+, which were followed by the opening of two Fisker showrooms in Munich, one at Motorworld plus our flagship Lounge; the Los Angeles flagship Lounge is expected to open later this month. Additional locations to be opened across Europe and US throughout 2023.
  • US EPA testing completed for the Fisker Ocean Extreme; Fisker expects to receive EPA and CARB approvals later this month and then start US deliveries in June.
  • Q1 2023 operational results consistent with company expectations. Ended quarter with a solid cash and cash equivalents balance of $652.5 million. This excludes $22 million of pending VAT receivables.
  • Fisker Ocean awareness and recognition continues to expand; Fisker recently won the prestigious German Red Dot award for product design. Fisker Ocean and PEAR reservations and orders total over 70,000 as of May 8, 2023.
  • Four-stage production plan shifts to right based on current homologation and supply chain timelines. Fisker plans to produce 1,400-1,700 vehicles in Q2, provided all partners deliver. Fisker expects to have a steep ramp up in Q3, followed by a monthly run rate of approximately 6,000 vehicles for the rest of the year, and forecasts 32,000-36,000 units produced in calendar 2023.

Fisker Inc. (NYSE: FSR) ("Fisker"), driven by a mission to create the world's most emotional and sustainable electric vehicles, today announced its financial results for the first quarter ended March 31, 2023.

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20230509005561/en/

News Provided by Business Wire via QuoteMedia

Keep reading...Show less

PayPal Reports First Quarter 2023 Results

PayPal Holdings, Inc. (NASDAQ: PYPL) today announced its first quarter 2023 results for the period ended March 31, 2023 . The earnings release and related materials discussing these results can be found on its investor relations website at https:investor.PYPL.comfinancialsquarterly-resultsdefault.aspx .

PayPal Holdings, Inc. will host a conference call to discuss these results at 2:00 p.m. Pacific time ( 5:00 p.m. Eastern time ) today. A live webcast of the conference call will be available at https://investor.pypl.com . In addition, an archive of the webcast will be accessible for 90 days through the same link.

News Provided by PR Newswire via QuoteMedia

Keep reading...Show less
Fisker Completes First German Vehicle Registration and Opens New Customer Facilities in Munich

Fisker Completes First German Vehicle Registration and Opens New Customer Facilities in Munich

  • Fisker registers the first all-electric Ocean SUV in Germany after the handover of the first vehicle to its new owner in Denmark
  • The First Fisker Ocean in Germany will be delivered to CEO Henrik Fisker
  • Two brand-new customer facilities in Munich City, at Kaufingerstrasse 12 and the Motorworld Munich, open their doors on May 8, 2023
  • The Fisker Lounge Munich is open to the public Monday-Friday, 10am-7pm CEST and Saturday, 10am-6pm CEST
  • Customers can visit the Showroom at Munich Motorworld from Tuesday-Friday, 11am-5pm CEST and Saturday, 10am-6pm CEST

Fisker Inc. (NYSE: FSR) ("Fisker"), driven by a mission to create the world's most emotional and sustainable electric vehicles, continues its phased launch of the all-electric Fisker Ocean SUV in Europe with the registration of the first Fisker Ocean in Germany and the opening of two new customer facilities in Munich.

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20230508005422/en/

News Provided by Business Wire via QuoteMedia

Keep reading...Show less
Fisker Delivers First All-Electric Fisker Ocean SUV

Fisker Delivers First All-Electric Fisker Ocean SUV

  • The first customer of the all-electric Fisker Ocean SUV took delivery of their new vehicle today in Denmark
  • Fisker Chairman and CEO Henrik Fisker personally presented the new owner with their Fisker Ocean One launch edition model
  • The handover took place at the Fisker Center+ facility in Copenhagen
  • Delivering up to 707km/440 UK miles confirmed WLTP range, the Fisker Ocean One and Ocean Extreme offer the highest driving range of any battery-electric SUV available in Europe

Fisker Inc. (NYSE: FSR) ("Fisker"), driven by a mission to create the world's most emotional and sustainable electric vehicles, announces that the first customer has taken delivery of the brand-new Fisker Ocean all-electric SUV.

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20230505005250/en/

News Provided by Business Wire via QuoteMedia

Keep reading...Show less

Latest Press Releases

Related News