Bitcoin Well Signs Letter of Intent to Negotiate Real Estate Cryptocurrency Joint Venture
January 18 2022 - 7:00AM
Bitcoin Well (the “
Company” or
“
BTCW”), a technology company building and
utilizing products that offer safe and easy ways to buy, sell and
use bitcoin, announces that it has signed a letter of intent with
Greater Property Group, a Canada-wide real estate company (“GPG”)
to negotiate a definitive Joint Venture agreement to work together
helping customers use bitcoin and other cryptocurrencies to buy and
sell residential and commercial real estate.
Bitcoin Well and GPG envision that the joint
venture agreement will include the promotion of each other’s
companies through their respective websites and that real estate
transactions involving cryptocurrencies will be conducted through
the joint venture. Bitcoin Well will provide cryptocurrency
services and licensing, compliance strategy and required Know Your
Customer processes. GPG will provide real estate services,
licensing and strategy. Through the joint venture, Bitcoin Well and
GPG will each earn revenue from both the bitcoin processing fees
and the real estate brokerage fees.
“I can’t wait to begin working with GPG,” said
Adam O’Brien, founder and CEO of Bitcoin Well. “This is yet another
step towards a bitcoin standard society as we continue to propel
bitcoin’s usability. Our ability to process millions of dollars
with ease will allow customers looking to use bitcoin in real
estate deals to transact with confidence.”
“As a brokerage that facilitates buying and
selling houses with cryptocurrency, we couldn’t be happier to be
partnering with Bitcoin Well on this venture,” said Nathan Singh,
Managing Partner of Greater Property Group. “The applications for
cryptocurrency in real estate are limitless, and we look forward to
bringing that investment power and flexibility to more and more
transactions and Agents from coast to coast.”
The completion of the joint venture agreement is
expected in the first quarter of 2022.
About Bitcoin Well
Bitcoin Well (TSXV: BTCW) offers convenient,
secure and reliable ways to buy and sell bitcoin through a trusted
Bitcoin ATM network, white glove in-person service and a suite of
web-based transaction services. Based on management’s assessment of
publicly-available data, Bitcoin Well is the first publicly traded
Bitcoin ATM company in the world, with an enterprising
consolidation strategy to deliver accretive and cost-effective
expansion in North America and globally. As leaders of the
longest-running, founder-led Bitcoin ATM company in Canada,
management of Bitcoin Well brings deep operational capabilities
that span the entire value chain along with access to proprietary,
cutting-edge software development that supports further expansion.
Bitcoin Well is on a mission to shift the relationship that society
has with money by offering an ecosystem of products and services
that make Bitcoin accessible and understood. This ecosystem
includes non-custodial financial offerings (both
in-person and online); technology development, including SaaS and
internal technology developments through Ghostlab, the technology
development pillar of the business; and educational resources
designed with the needs of both the customers, and the industry, in
mind.
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date with our business. For OTC location information visit
bitcoinwell.com/appointment/.
About Greater Property
Group
The Greater Property Group is a national
residential and commercial real estate brand, known for their
unique selling propositions, exceptional service, and well-edited
marketing and branding. Dissatisfied and discontented with the
status quo, the Greater Property Group separates itself as a
natural industry disruptor through its focus on leading edge
technology and innovative consumer programs for both buyers and
sellers. While growing and expanding, the Greater Property Group’s
value proposition remains the same – a combination of exceptional
customer service, unrivaled marketing, and deep industry expertise.
The GPG is also fast becoming the leading advisors and consultants
for the use of digital currency in real estate. For more
information see the website at Greater Property Group.
Bitcoin Well Contact
Information For investor information, please contact:
Bitcoin Well10142 82 Avenue NWEdmonton, AB T6E
1Z4bitcoinwell.com
Adam O’Brien, President & CEO or
Dave Bradley, Chief Revenue OfficerTel: 1 888 711
3866 ir@bitcoinwell.com
Myles Dougan, Director of Investor
RelationsTel: 587 982 2769m.dougan@bitcoinwell.com
For media queries and further information, please contact:
Karen Smola, Director of MarketingTel: 587 735
1570k.smola@bitcoinwell.com
Neither TSX Venture Exchange nor its Regulation Services
Provider (as that term is defined in policies of the TSX Venture
Exchange) accepts responsibility for the adequacy or accuracy of
this release.
Reader Advisory / Forward-Looking
Statements
Statements in this press release regarding Bitcoin Well which
are not historical facts are “forward-looking statements” that
involve risks and uncertainties. Such information can generally be
identified by the use of forwarding-looking wording such as “may”,
“expect”, “estimate”, “anticipate”, “intend”, “believe” and
“continue” or the negative thereof or similar variations. Since
forward-looking statements address future events and conditions, by
their very nature, they involve inherent risks and uncertainties.
In making the forward looking statements in this news release, the
Company has applied several material assumptions. Except as
required by law, Bitcoin Well does not intend to update any changes
to such forward-looking statements except in accordance with
applicable securities laws.
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