The Caffe
To continue, each proprietary location revolves around a business model. These concepts came about because the company’s management team projects that its bitcoin machines will attract anywhere from 75-200 people a day depending upon its location and demographics. This creates a windfall of new opportunities.
As a result, this is where the concept behind our first model was derived from. Our first model revolves around the “Caffe” concept. All of these Caffe locations will carry the same name and logo of the company “Bitcoinz USA” but they will have the word “Caffe” in lower italicized letters added to the name. The spelling of the “Caffe” is done to symbolize the Caffe concept, which serves traditional Italian coffee and expresso. Also, its important to note that on average we expect the wait time for each customer that is waiting to to use the bitcoin machine to be around 5-7 minutes long because of the demand for the machines.
While the focus of our operation remains on the bitcoin machines, the concept is quite logical considering that each customer on average will be waiting 5-7 minutes to use the bitcoin machine resulting in a small window of opportunity to offer these customers a superior product/service that we believe based on our initial stand alone pro-formas, would be a viable business model that could rival existing brands in this sector, if the company utilizes the “5-7? minute window properly.
The average size of each location will be roughly 1,000 sq ft. and would contain 1-2 bitcoin machines. While offering the highest quality Italian coffee and espresso that is available on that market today.
Franchise possible..
That is to answer to one of your question.
And regarding the other one..I think they distancing themselves from oil,that is why they change the name of the company from
Bayside Petroleum Co to Bayside corp. and reduced AS from 3.4B to 2B.And with Bitcoin rising in price I don't think they going to have a problems to find a non-dilutive financing for their idea as well.
We got much needed pullback in bitcoin today,tomorrow probably open at $630-650 which is still significantly higher from friday's close.I expect big move on june 6 when European Central bank will not reduce the rates like many predicting.Of course,Ukraine getting out of control ,war is going on there already.
Expect Bitcoin only rise,but the rate of it I cannot predict.
Bitcoin ATM is not like regular ATM where you spend 15 sec to extract your money."We expect the wait time for each customer that is waiting to to use the bitcoin machine to be around 5-7 minutes long because of the demand for the machines."- this is why is important. 75-200 people a day....
Bitcoin storage application, “Vault 51” will be available for commercial use and will be introduced in the next couple of weeks.
imho
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