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, is pleased to announce a services agreement with
Memory Express to process cryptocurrency payments for Memory
Express’ online customers. Bitcoin Well will also be installing
Bitcoin ATMs in Memory Express stores across Canada.
Memory Express recently launched Bitcoinmarketplace.com, an
e-commerce storefront designed for cryptocurrency users, miners and
newcomers, with thousands of products available for purchase using
Bitcoin, and, in the near future, other popular altcoins. As a
retailer in Canada for the last 26 years, Memory Express received
frequent customer feedback requesting the ability to process
payments in Bitcoin. Memory Express’ response -
BitcoinMarketplace.com.
Bitcoin Well will utilize it’s existing blockchain and DeFi
technology on a fee-for-service basis to act as the bitcoin payment
processor for Memory Express to convert the cryptocurrency received
online at Bitcoinmarketplace.com into Canadian dollars.
“We are excited to be partnering with Memory
Express on their Bitcoin e-commerce business,” said Adam O’Brien,
Founder & CEO, Bitcoin Well. “This is yet another opportunity
for us to put our Bitcoin infrastructure to work with an incredible
Canadian retailer of nearly three decades. We are excited to see
more businesses understand the benefits of using Bitcoin in their
business, and we are ready to utilize our existing and scalable
systems to continue servicing this massive B2B market.”
“We are happy to be working with Bitcoin Well for our payment
processing needs. Many of our customers are Bitcoin enthusiasts,
and have purchased hardware here for their mining rigs,” said Alex
Szecsy, Business Development Manager of Memory Express. “As cryptos
gained popularity over the years, more and more customers actively
lobbied Memory Express to accept Bitcoin. We are excited to
announce it will be possible very soon with
BitcoinMarketplace.com.”
Memory Express has been the premier destination for gamers,
business, and home users for computer products. There are 15 stores
across Canada in Victoria, Vancouver, Calgary, Edmonton, Saskatoon,
Winnipeg, London, Hamilton, Ottawa, and Etobicoke, with more
planned for Regina, Mississauga, and Markham. Bitcoin Well will be
installing Bitcoin ATMs in Memory Express stores this year. Bitcoin
Well has more than 200 ATMs across Canada in the UK and is the
second largest cryptocurrency ATM service provider in both markets
with additional international expansion plans in 2022.
“We have expanded the Bitcoin Well Bitcoin ATM
network by an incredible 475% in the last two years,” said Adam
O’Brien, Founder & CEO, Bitcoin Well. “We will continue to look
for opportunities to expand our ATM portfolio with a keen focus on
our ATM Partner Program, and building out our Ghostlab software as
a service business to provide financial software to a market of
more than 35,000 cryptocurrency ATMs that is constantly growing
worldwide.”
“Bitcoin Well ATMs are now being added to our brick & mortar
stores to increase accessibility for our customers,” said Alex
Szecsy, Business Development Manager of Memory Express. “This
collaborative partnership will allow people to buy and sell Bitcoin
in a familiar environment with trusted brands. We're delighted to
launch our first venture into the world of cryptocurrencies and
we're proud to say that our decision was catalyzed thanks to our
very loyal customers.”
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
arm of the business; and educational resources designed with the
needs of both the customers, and the industry, in mind.
Sign up for our newsletter and follow us on
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date with our business. For OTC location information visit
bitcoinwell.com/appointment/.
About Memory Express
Since 1996, Memory Express has established a
leadership position as the premier destination for computer
products and services. Starting from a humble beginning, they have
grown into a multi-million dollar company with 15 retail locations
across Canada. Their success is a result of all the people who walk
through their doors each and every day – their customers, their
staff, and their vendor partners. 100% Canadian owned &
operated, their customer base has grown exponentially from year to
year through referrals and word of mouth. During this time, they
have also achieved premier partnership levels with key vendors such
as Microsoft, Intel, and AMD. For more information see the website
at Memory Express.
Bitcoin Well Contact
Information For investor information, please contact:
Bitcoin Well
10142 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
Memory Express Contact
Information
Alex SzecsyBusiness Development ManagerMemory
Express Inc.Tel: 403 398 4533 ext.
1145Alex.szecsy@memoryexpress.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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