Bots Inc (BTZI)

[lesgetrich]

This is simply Paul trying to ride the bitcoin hype.

...and that's simply your opinion and nothing more. Bitcoin has vey little to do with these ATM's as they accept multiple crypto currencies as well as cash, regular ATM cards and credit cards. If they did nothing more than function as traditional ATM machines they'd be a very profitable venture. However, these ATM's will do much more...

mCig’s CEO Invests $500,000 Into OBITX, Inc.

The ATMs are the first of its kind and will support most forms of cryptocurrency including Bitcoin, Etherium, Litecoin and more. They will enable dispensing of cash and transfer of funds, as well as the purchase and selling of cryptocurrency and gift cards from the machine. The machines will feature two screens, one for transactions, and another for advertising which will be integrated with eHESIVE’s proprietary advertising platform, developed by mCIG team. The company has already placed its first order of 125 crypto ATMs with scheduled delivery in January 2018. The technology has been tested over the last few years and will be ready to go upon delivery. It is projected that over 10,000 ATMs will be installed in dispensaries and mainstream locations over the next few years.

Cryptocurrency ATM Market

The global cryptocurrency ATM market is estimated to be valued at US$ 13.99 million in 2017 and is expected to witness a CAGR at 45.8% during the forecast period (2017 – 2025).

AT that rate the global market would reach roughly $286 million by 2025. There are currently 1730 Crypto ATM's deployed worldwide as of October 2017. With 125 ATM's on order mCig has a good chance of cornering 10% of that market or roughly $2 million in 2018 and $28.6 million by 2025. This doesn't include any corollary business mCig picks up from advertising on these machines or the other technology IP that mCig develops to deploy them.