Bots Inc (BTZI)

[lesgetrich]

The real payoff for the patent will be signing up the ATM manufacturers and owners to be participants in a network that will allow all ATM's to communicate and exchange funds with each other. If you regularly conduct transactions on an ATM made by company Y and owned by company B in California, you would want to be able to take funds out when you travel to New York and all the ATM's are manufactured by company Y and owned by company A.

The patent is the carrot that would attract these companies to sign up for the network. The Network would still be collecting transaction fees long after the patent expires. From their April 22, 2021 PR...

BOTS INCORPORATED COMPLETES I.P. PORTFOLIO OF BITCOIN ATM PATENTS; WILL PROCEED LICENSING TO THE INDUSTRY: PROJECTS $30 MILLION IN YEARLY REVENUES.

BTZI is the founder of the first worldwide Bitcoin ATM consortium or network, the blockchain-powered computer network that will enable Bitcoin ATM customer wallets issued by a Bitcoin ATM operator that will be a member of the network to be used to perform Bitcoin ATM transactions through ATMs that belong to another operator of the network. This is especially convenient when traveling abroad, where Bitcoin ATMs may be widely available. A network is a common way of delivering buying or selling (conducive to cryptocurrency) services that increase the network value by linking many operators together. For example, the value of a cellular telephone network to customers increases with the number of customers that can be reached via the global network. Similarly, Bitcoin ATM networks will link together Bitcoin ATMs in various locations, giving the customers of each operator greater access to their crypto accounts.

Developing and setting up this network may be the reason that we haven't seen any Patent revenue yet.