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Replies to post #109567 on Bots Inc (BTZI)
From Bots 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.
Quote:
According to CoinATMradar.com, as of April 2021, there were closer to 16,000 Bitcoin ATMs installed in the USA. Average Bitcoin ATM kiosks process 130-180 transactions monthly. This number of transactions translates to up to $20-35 million as potential income from I.P. licensing for the Company per year.
After only a month, these numbers are now out of date. According to CoinATMradar, there are now 17,684 ATM locations in the US. Using the above estimates...
At $20 million/yr & 16,000 ATM installations
16,000 ATM's x 130 transactions/mo x 12 months = 24,960,000 trans/yr
$20,000,000 / 24,960,000 transactions = $.80/transaction
At $35 million/yr & 16,000 ATM installations
16,000 ATM's x 180 transactions/mo x 12 months = 34,560,000 trans/yr
$35,000,000 / 34,560,000 trans = $1.00/trans
...Using the same low and high end estimation method with 17,684 ATM's
Low End
17,684 ATM's x 130 trans/mo x 12 months = 27,587,040 trans/yr
27,587,040 trans/yr x $.80/trans = $22,069,632
High End
17,684 ATM's x 180 trans/mo x 12 months = 38,197,440 trans/yr
38,197,440 trans/yr x $1.00/trans = $38,197,440
The point is, at the current rate of growth in number of ATM's, the estimates will grow by $2 million/month on the low end and $3 million/month at the high end. Consequently, by year end (7 months from now) we could be looking at $36 to $59 million/yr in potential revenue just from the ATM Patents alone.
This methodology may be useful in tracking revenue as Bot's implements its ATM patent enforcement.
