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Bitcoin Well Inc BCNWF


Primary Symbol: V.BTCW

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

Comment by Patrick2Lintonon Feb 23, 2024 2:48pm
38 Views
Post# 35896259

RE:Waiting for Court Documents

RE:Waiting for Court Documents
Patrick2Linton wrote: Would like to know why the partner decided to drop these ATMs so suddenly. Around 100 machines went poof. 

(page 6 of MD&A Filed November 14-2023) Subsequent to September 30, 2023, Rapid Cash ATM Ltd. (“Rapid Cash”) suddenly uninstalled and removed the Company’s software from Rapid Cash’s ATMs that were operating in the partner program. As a result, the Company terminated its agreement with Rapid Cash who previously operated approximately 100 ATM machines under the Company’s partner program. The Company intends to vigorously pursue its rights under the contract and has commenced an action against Rapid Cash before the Alberta Court of King’s Bench.



It says why BTCW proceeded with an action. Need to know why Rapid Cash decided to do drop 100 Bitcoin ATM's out of the partnership. Gracias. Grinnn.
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