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Bitcoin Well Inc V.BTCW

Alternate Symbol(s):  BCNWF

Bitcoin Well Inc. is a Canada-based company engaged in the non-custodial bitcoin business. It makes bitcoin useful to everyday people to give them the convenience of modern banking. The company operates two business units, consisting of Bitcoin ATMs and the Non-custodial bitcoin platform (Online Bitcoin Portal). The Bitcoin ATM business unit operates a fleet of approximately 190 Bitcoin ATMs placed and operating throughout Canada. The Online Bitcoin Portal platform offers customers the fastest and safest way to buy, sell and use bitcoin online in Canada and the United States of America. This business unit is designed to offer bank-like functionality coupled with the benefits of bitcoin. Its products include ATM, OTC, Buy bitcoin, ell, bitcoin, Use bitcoin, E-transfer, Cash Vouchers, Bitcoin Well Agent, and Bitcoin Well affiliate. Its smash buy provides services to buy real bitcoin instantly and send dollars from your bank and receive bitcoin on the blockchain as soon as it arrives.


TSXV:BTCW - Post by User

Post by Patrick2Lintonon Feb 12, 2024 1:33pm
66 Views
Post# 35875869

Note 10- Loans Payable-Cryptocurrency

Note 10- Loans Payable-CryptocurrencyThe increasing price of Bitcoin and Etherium will have an adverse affect on these loans payable currently accruing at 10%. The loan amounts gets revalued at  each reporting period based on the crypto currency price so in a rising bitcoin and etherium environment, these loan amounts will increase and therefore, so will the interest payable. Hopefully the increase in transactions on the platform will offset the increase in interest payable. Gracias. Grinnn.
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