Bitcoin Well Announces Instant Buy in the USA and Provides Early March Signup Data
March 12 2024 - 7:30AM
Bitcoin Well Inc. (“
Bitcoin Well”
or the “
Company”) (
TSXV: BTCW; OTCQB:
BCNWF), the non-custodial bitcoin business on a mission to
enable independence announces “Instant Buy” which gives customers
the ability to buy bitcoin and receive it to their personal bitcoin
wallets in under 60 seconds. The Company also provides preliminary
and unaudited early March signup data as follows:
Early March Signup Data
- 650 new users signed up since March 1,
2024
- On pace for over 1,750 new users to
sign up in March
- If achieved, this will represent 40%
growth from February
- If achieved, this will represent 74%
growth from Q4 2023
Instant Buy - now available in
USA
Bitcoin Portal customers in the USA now benefit
from Instant Buy at bitcoinwell.com/app - which
has been available on the Bitcoin Portal in Canada since 2022. As
of this morning, all USA customers will be able to use their USD
balance to simultaneously buy bitcoin and have it received to their
personal bitcoin wallets in under 1 minute. Previously, this
process took up to 4 hours.
“This is Automatic Self Custody at work,” said
Adam O’Brien, founder & CEO of Bitcoin Well. “Instant Buy is
the first step towards a world where there is no bitcoin held on
exchanges. As our product continues to improve there will be no
reason for anyone in Canada or USA to be using a platform that
holds customer’s bitcoin. They will be irrelevant. More bitcoin in
self custody is key to our mission to enable independence.”
About Bitcoin Well
Bitcoin Well is on a mission to enable
independence. We do this by making bitcoin useful to everyday
people to give them the convenience of modern banking and the
benefits of bitcoin. We like to think of it as future-proofing
money. Our existing Bitcoin ATM and Online Bitcoin Portal business
units drive cash flow to help fund this mission.
Join our investor community and follow us on
Nostr, LinkedIn, Twitter and YouTube to keep up to date with our
business.
Bitcoin Well contact
information
To book a virtual meeting with our Founder &
CEO Adam O’Brien please use the following link:
https://bitcoinwell.com/meet-adam
For additional investor & media information, please
contact:Adam O’BrienTel: 1 888 711 3866ir@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.
Forward-looking
information Certain statements contained in this news
release may constitute forward-looking information. Forward-looking
information is often, but not always, identified by the use of
words such as "anticipate", "plan", "estimate", "expect", "may",
"will", "intend", "should", or the negative thereof and similar
expressions. Forward-looking information involves known and unknown
risks, uncertainties and other factors that may cause actual
results or events to differ materially from those anticipated in
such forward-looking information. Bitcoin Well actual results could
differ materially from those anticipated in this forward-looking
information as a result of regulatory decisions, competitive
factors in the industries in which Bitcoin Well operates,
prevailing economic conditions, and other factors, many of which
are beyond the control of Bitcoin Well.
Bitcoin Well believes that the expectations
reflected in the forward-looking information are reasonable, but no
assurance can be given that these expectations will prove to be
correct and such forward-looking information should not be unduly
relied upon. Any forward-looking information contained in this news
release represents Bitcoin Well expectations as of the date hereof,
and is subject to change after such date. Bitcoin Well disclaims
any intention or obligation to update or revise any forward-looking
information whether as a result of new information, future events
or otherwise, except as required by applicable securities
legislation. For more information, see the Cautionary Note
Regarding Forward Looking Information found in the Bitcoin Well
quarterly Management Discussion and Analysis.
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