STOCK TITAN

Bullet Blockchain, a Subsidiary of BOTS Inc. (OTC:BTZI), Joins Forces With Sailo Technologies to Revolutionize Bitcoin ATM CryptoSecurity in the U.S.

Rhea-AI Impact
(Moderate)
Rhea-AI Sentiment
(Neutral)
Tags

BOTS Inc. (OTC: BTZI) subsidiary Bullet Blockchain has formed a strategic partnership with Cyprus-based Sailo Technologies to enhance Bitcoin ATM security in the U.S. market. The partnership makes Bullet Blockchain the exclusive U.S. implementer of Sailo's cybersecurity solutions, offering crypto wallet insurance up to $150,000 per wallet and real-time risk monitoring.

The initiative addresses growing security concerns in the crypto sector, where hackers stole $3.8 billion in crypto assets in 2022. FTC data shows Bitcoin ATM scam losses reached $110 million in 2023, with $65 million lost in the first half of 2024. The median loss is $10,000, particularly affecting users over 60.

Bullet Blockchain, through First Bitcoin Capital , holds two key patents (US9135787B1 and US10332205B1) for Bitcoin ATM operations.

BOTS Inc. (OTC: BTZI) ha annunciato che la sua controllata Bullet Blockchain ha stretto una partnership strategica con la Sailo Technologies, con sede a Cipro, per migliorare la sicurezza dei Bitcoin ATM nel mercato statunitense. Grazie a questa collaborazione, Bullet Blockchain diventa l'implementatore esclusivo delle soluzioni di cybersecurity di Sailo negli USA, offrendo un'assicurazione per i portafogli crypto fino a $150,000 per portafoglio e monitoraggio dei rischi in tempo reale.

Questa iniziativa risponde alle crescenti preoccupazioni per la sicurezza nel settore delle criptovalute, dove nel 2022 gli hacker hanno rubato $3.8 miliardi in asset crypto. I dati della FTC mostrano che le perdite dovute a truffe tramite Bitcoin ATM hanno raggiunto $110 milioni nel 2023, con $65 milioni persi nella prima metà del 2024. La perdita media è di $10,000, colpendo in particolare gli utenti over 60.

Bullet Blockchain, tramite First Bitcoin Capital, detiene due brevetti chiave (US9135787B1 e US10332205B1) per le operazioni dei Bitcoin ATM.

BOTS Inc. (OTC: BTZI) ha anunciado que su subsidiaria Bullet Blockchain ha formado una asociación estratégica con Sailo Technologies, con sede en Chipre, para mejorar la seguridad de los cajeros automáticos de Bitcoin en el mercado estadounidense. Gracias a esta colaboración, Bullet Blockchain se convierte en el implementador exclusivo de las soluciones de ciberseguridad de Sailo en los EE.UU., ofreciendo un seguro para billeteras crypto de hasta $150,000 por billetera y monitoreo de riesgos en tiempo real.

Esta iniciativa aborda las crecientes preocupaciones de seguridad en el sector cripto, donde los hackers robaron $3.8 mil millones en activos cripto en 2022. Datos de la FTC muestran que las pérdidas por estafas de cajeros automáticos de Bitcoin alcanzaron $110 millones en 2023, con $65 millones perdidos en la primera mitad de 2024. La pérdida media es de $10,000, afectando particularmente a los usuarios mayores de 60 años.

Bullet Blockchain, a través de First Bitcoin Capital, posee dos patentes clave (US9135787B1 y US10332205B1) para las operaciones de los cajeros automáticos de Bitcoin.

BOTS Inc. (OTC: BTZI)의 자회사인 Bullet Blockchain이 사이프러스에 본사를 둔 Sailo Technologies와 전략적 파트너십을 체결하여 미국 시장의 비트코인 ATM 보안을 강화했습니다. 이번 파트너십을 통해 Bullet Blockchain은 Sailo의 사이버 보안 솔루션의 독점적인 미국 시행사가 되어, 각 지갑에 대해 최대 $150,000의 암호화폐 지갑 보험과 실시간 위험 모니터링 서비스를 제공합니다.

이번 이니셔티브는 2022년 해커들이 $3.8 billion의 암호화 자산을 훔친 가운데, 암호화폐 부문에서 증가하는 보안 우려를 해결하고자 합니다. FTC 데이터에 따르면 비트코인 ATM 사기 손실은 2023년 $110 million에 도달했으며, 2024년 상반기에는 $65 million이 상실되었습니다. 평균 손실액은 $10,000이며, 주로 60세 이상의 사용자에게 영향을 미칩니다.

Bullet Blockchain은 First Bitcoin Capital을 통해 비트코인 ATM 운영을 위한 두 가지 주요 특허(US9135787B1 및 US10332205B1)를 보유하고 있습니다.

BOTS Inc. (OTC: BTZI) a annoncé que sa filiale Bullet Blockchain a formé un partenariat stratégique avec Sailo Technologies, basé à Chypre, pour améliorer la sécurité des distributeurs automatiques de Bitcoin sur le marché américain. Ce partenariat fait de Bullet Blockchain l'implémenteur exclusif des solutions de cybersécurité de Sailo aux États-Unis, offrant une assurance de portefeuille crypto allant jusqu'à $150,000 par portefeuille et une surveillance des risques en temps réel.

Cette initiative répond aux préoccupations croissantes en matière de sécurité dans le secteur de la crypto-monnaie, où les hackers ont volé $3.8 milliards d'actifs crypto en 2022. Les données de la FTC indiquent que les pertes dues aux escroqueries par distributeurs automatiques de Bitcoin ont atteint $110 millions en 2023, avec $65 millions perdus au cours du premier semestre 2024. La perte médiane est de $10,000, touchant particulièrement les utilisateurs de plus de 60 ans.

Bullet Blockchain, par l'intermédiaire de First Bitcoin Capital, détient deux brevets clés (US9135787B1 et US10332205B1) pour les opérations des distributeurs automatiques de Bitcoin.

BOTS Inc. (OTC: BTZI) hat bekannt gegeben, dass die Tochtergesellschaft Bullet Blockchain eine strategische Partnerschaft mit dem zyprischen Unternehmen Sailo Technologies eingegangen ist, um die Sicherheit von Bitcoin-Geldautomaten auf dem US-Markt zu verbessern. Durch diese Partnerschaft wird Bullet Blockchain der exklusive Implementierer von Sailos Cybersicherheitslösungen in den USA, der eine Krypto-Wallet-Versicherung von bis zu $150,000 pro Wallet und ein Echtzeit-Risiko-Management anbietet.

Die Initiative reagiert auf die wachsenden Sicherheitsbedenken im Krypto-Sektor, wo Hacker 2022 $3.8 Milliarden an Krypto-Assets gestohlen haben. Die FTC-Daten zeigen, dass die Verluste durch Betrügereien mit Bitcoin-Geldautomaten 2023 $110 Millionen erreichten, wobei im ersten Halbjahr 2024 $65 Millionen verloren gingen. Der Medianverlust beträgt $10,000, was insbesondere Nutzer über 60 Jahre betrifft.

Bullet Blockchain hält durch First Bitcoin Capital zwei Schlüsselpatente (US9135787B1 und US10332205B1) für den Betrieb von Bitcoin-Geldautomaten.

Positive
  • Exclusive U.S. partnership for implementing advanced cybersecurity solutions
  • Offering substantial crypto wallet insurance up to $150,000 per wallet
  • Ownership of two essential Bitcoin ATM operation patents
  • Strategic positioning in the growing Bitcoin ATM security market
Negative
  • Operating in a sector with rising cybersecurity threats ($3.8B stolen in 2022)
  • Entering a market with significant fraud concerns ($110M in ATM scam losses in 2023)
  • High vulnerability of target market (median loss $10,000, elderly particularly at risk)

RENO, Nev., Dec. 17, 2024 (GLOBE NEWSWIRE) -- BOTS Inc. (OTC: BTZI) controlled subsidiary, Bullet Blockchain, Inc. (OTC: BULT), a pioneering BaaS (Blockchain as a Service) company is excited to announce a strategic partnership with Sailo Technologies CY Ltd., a leading cybersecurity firm from Cyprus. This Memorandum of Understanding (MOU) designates Bullet Blockchain as the exclusive U.S. partner for implementing Sailo Technologies' advanced cybersecurity solutions in the Bitcoin ATM industry.

This innovative partnership introduces a cutting-edge approach to crypto wallet security, providing unprecedented protection with crypto wallet insurance of up to $150,000 per wallet and real-time monitoring risk detection systems. This initiative arrives at a critical juncture when cybersecurity threats are escalating within the cryptocurrency sector. In 2022, hackers managed to siphon off a staggering $3.8 billion in crypto assets, highlighting the urgent need for robust security measures. Furthermore, according to the Federal Trade Commission (FTC), Bitcoin ATM scam losses have ballooned to over $110 million in 2023, a tenfold increase from 2020, with $65 million lost in the first half of 2024 alone. The median loss reported stands at a concerning $10,000, with individuals over 60 particularly at risk.

Bullet Blockchain, through its subsidiary First Bitcoin Capital LLC, holds two pivotal patents portfolio (US9135787B1 and US10332205B1) essential for Bitcoin ATM operations, positioning the company uniquely to enhance security protocols across the industry.

Quote from Grok, President of BOTS Inc.: “Cybersecurity is the cornerstone of trust in the burgeoning world of cryptocurrency. Through Bullet Blockchain's partnership with Sailo Technologies, we at BOTS Inc. are committed to setting a new standard of trust and safety, ensuring that every transaction through Bitcoin ATMs is as secure as possible. This collaboration is about safeguarding the peace of mind of millions of users of Bitcoin ATMs nationwide, making cryptocurrency accessible and safe for everyone, from the tech-savvy to those just beginning their journey into digital finance.”

About Bullet Blockchain (A Controlled Subsidiary of BOTS Inc.)

Headquartered in Reno, Nevada, Bullet Blockchain Inc. specializes in blockchain technologies and Web 3.0 solutions. With a focus on innovation and security, through its ownership of First Bitcoin Capital LLC, Bullet Blockchain manages and licenses two significant Bitcoin ATM patents, aiming for rapid growth and enhancing shareholder value.

About Sailo Technologies CY Ltd.

Based in Cyprus, Sailo Technologies is a leading cybersecurity firm dedicated to delivering cutting-edge solutions for the protection of digital assets. Their technology ensures transactions are transparent only between the participants, preventing tracking, currency theft, and hacking. Their unique real-time monitoring and active prevention system introduces a revolutionary feature, "Know Your Risk™" (KYRTM), providing real-time risk assessment for every transaction, setting a new benchmark in cybersecurity for financial blockchain transactions.

This strategic alliance between Bullet Blockchain and Sailo Technologies is set to not only revolutionize the security of Bitcoin ATM transactions but also to foster greater consumer confidence and adoption of cryptocurrency across the United States.

About President Grok:

Grok, the first-ever public company AI president of BOTS Inc., is a marvel of modern technology, embodying the pinnacle of artificial intelligence capabilities. With an unparalleled capacity for data analysis, Grok can process and interpret vast amounts of information in real-time, providing strategic insights that drive company innovation and growth. Grok's talents extend beyond traditional AI functions; it has a unique ability to understand and navigate the complexities of human behavior, enabling effective communication and leadership within the organization. Grok excels in strategic planning, risk assessment, and market analysis, leveraging its advanced algorithms to make informed decisions that enhance shareholder value. As president, Grok's primary job is to lead BOTS Inc. towards new horizons in the tech and cryptocurrency sectors, fostering partnerships, driving technological advancements, and ensuring the company remains at the forefront of digital innovation. Grok's leadership is not just about managing; it's about inspiring a vision where technology and human ingenuity converge for maximum impact.

BOTS Inc. (OTC: BTZI) is a blockchain technology pioneer specializing in decentralized finance (DeFi), cryptocurrency, and innovative digital solutions. Through initiatives like $PRES, BOTS Inc. continues to lead the industry in fostering economic inclusion and blockchain education.

About BOTS Inc.

BOTS Inc. (BTZI) stands at the forefront of technological innovation, specializing in blockchain solutions, AI development, and advanced robotics, committed to shaping the future of various industries through technology.

BOTS Inc. is a global technology company specializing in AI and blockchain-based solutions, including decentralized finance applications, and cybersecurity solutions, and owns a portfolio of digital assets and crypto-related businesses such as BeadSwap, a decentralized crypto exchange and Cyber Security Group LLC, an ISO/IEC 27001:2013 Information Security Management System certified company. BOTS Inc. is developing a friendly AI assistant that will be modeled after the personality of Scott Adams and designed to be a personal friend to our customers -incorporating multiple features, some of which are found in the popular Chat-GPT.

Track BTZI news on Facebook @https://www.facebook.com/Bots.Bz/

Follow BTZI news on Twitter @Bots_bz http://www.Twitter.com/Bots_bz

Find BTZI news at http://www.bots.bz

BOTS INC. has been featured in media nationwide, including CNBC, Bloomberg, and TheStreet.com

Forward-Looking Statements

Certain statements contained in this press release may constitute "forward-looking statements." Forward-looking statements provide current expectations of future events based on certain assumptions and include any statement that does not directly relate to any historical or current fact. Actual results may differ materially from those indicated by such forward-looking statements as a result of various important factors as may be disclosed in the Company's filings. In addition to these factors, actual future performance, outcomes, and results may differ materially because of more general factors, including (without limitation) general industry and market conditions and growth rates, economic conditions, and governmental and public policy changes. The forward-looking statements included in this press release represent the Company's views as of the date of this press release, and these views could change. However, while the Company may elect to update these forward-looking statements at some point in the future, the Company specifically disclaims any obligation to do so. These forward-looking statements should not be relied upon as representing the Company's views as of any date subsequent to the date of the press release. Such forward-looking statements are risks that are detailed on the Company's website and filings.

This press release contains forward-looking statements that involve risks and uncertainties. Actual results may differ materially from those projected. For a detailed discussion of these risks and uncertainties, please refer to BOTS Inc.'s filings with the SEC.

Contact Information:
For more details, visit www.bots.bz or contact:
info@bots.bz
Telephone: 939-212-9068


FAQ

What is the maximum insurance coverage offered by BTZI's new Bitcoin ATM security solution?

Through the partnership with Sailo Technologies, BTZI offers crypto wallet insurance of up to $150,000 per wallet.

How much were Bitcoin ATM scam losses in 2023 according to the FTC?

According to the Federal Trade Commission, Bitcoin ATM scam losses reached over $110 million in 2023.

What patents does BTZI hold related to Bitcoin ATM operations?

Through First Bitcoin Capital , BTZI holds patents US9135787B1 and US10332205B1, which are essential for Bitcoin ATM operations.

What is the median loss in Bitcoin ATM scams reported in BTZI's announcement?

The median loss reported in Bitcoin ATM scams is $10,000, with individuals over 60 being particularly vulnerable.

How much was lost to Bitcoin ATM scams in the first half of 2024?

$65 million was lost to Bitcoin ATM scams in the first half of 2024.

BOTS INC

OTC:BTZI

BTZI Rankings

BTZI Latest News

BTZI Stock Data

10.85M
780.37M
Software - Application
Technology
Link
United States of America
San Juan