LONDON, United Kingdom, Dec. 19, 2017 (GLOBE 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.