DNA Dynamics, Inc. to Acquire Lucrative Bitcoin ATM Patent
December 19 2017 - 10:18AM
InvestorsHub NewsWire
DNA Dynamics, Inc. to
Acquire Bitcoin ATM Patent
Lucrative Patent Comes Under DNA’s Control
London, U.K. --December 19, 2017--InvestorsHub
NewsWire - DNA Dynamics, Inc (USOTC:DNAD)
announces today that its UK Subsidiary, DNA Interactive Limited,
has signed a Binding Term Sheet to acquire a crucial patent that
requires any Bitcoin ATM operator to give a royalty on every
Bitcoin ATM transaction throughout the US.
DNA reports that the ‘Bitcoin ATM’ is relatively new and has seen
the number of units grow from 500 just over a year ago to nearly
three times that number today. With nearly ten new units now being
installed each day across the US the number could reach well over
5000 in 2018 with the number of transactions reaching upwards of
250,000 per annum by 2019.
Commenting on the newly signed partnership, CEO Carl Grant had this
to say “Crypto-currency is an incredibly exciting market to be
involved in at this time and having the ability to earn a royalty
on bitcoin transactions undertaken on the fast-growing Bitcoin ATM
market puts us in a central position to monetize on the Bitcoin
boom. The patent allows for a royalty to be collected on each
installation as well as on every single bitcoin transaction, giving
this asset alone the potential to generate well over $1m in revenue
each year.”
About DNA Dynamics, Inc.
Headquartered in Grandville Michigan and with operations in the UK,
DNA Dynamics’ business focuses on ‘Skills Based Gaming’ and
enabling players on its platform and the wider public to benefit
from the boom in the crypto-currency marketplace. DNA is building a
diverse portfolio of assets based around “Skills Based Gaming” and
crypto-currency related assets.
For more information please email info@dnadynamicsinc.com
Forward-Looking Statements
This press release may contain forward-looking statements,
including information about management's view of DNA Dynamics,
Inc.’s future expectations, plans and prospects. In particular,
when used in the preceding discussion, the words "believes,"
"expects," "intends," "plans," "anticipates," or "may," and similar
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are forward-looking statements. These statements involve known and
unknown risks, uncertainties and other factors, which may cause the
results of DNA Dynamics, its subsidiaries and concepts to be
materially different than those expressed or implied in such
statements. Unknown or unpredictable factors also could have
material adverse effects on DNA Dynamics’ future results. The
forward-looking statements included in this press release are made
only as of the date hereof. DNA Dynamics cannot guarantee future
results, levels of activity, performance or achievements.
Accordingly, you should not place undue reliance on these
forward-looking statements. Finally, DNA Dynamics undertakes no
obligation to update these statements after the date of this
release, except as required by law, and also takes no obligation to
update or correct information prepared by third parties that are
not paid for by DNA Dynamics.
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