The Bitcoin ATM Patent

Bitcoin has taken off, and one of the easiest and most secure ways to buy, sell or trade Bitcoins is to use a Bitcoin ATM or Bitcoin Kiosk. There are thousands of Bitcoin ATMs and Bitcoin Kiosks around the world, and there are currently over 3,000 of them in the United States.

Bitcoin Logo

The Bitcoin ATM is covered by U.S. Patent No. 10,332,205 for a "Bitcoin Kiosk/ATM Device and System and Method of Using the Same." All Bitcoin ATMs and Kiosks manufactured in the U.S., all Bitcoin ATMs and Kiosks sold in the U.S., and all Bitcoin ATMs and Kiosks operated in the U.S., that accept cash in exchange for Bitcoin and accepts Bitcoin in exchange for cash, are covered by this patent. To read Claim 1 of the Patent, go the Patent page. It includes Claim 1 of the patent with the key elements in the claim highlighted. Or you can check out the entire patent at Google Patents or the Patent Office website.

IP Consulting LLC has been appointing the exclusive licensing agent for U.S. Patent No. 10,332,205 by the owner of the patent. IP Consulting LLC will NOT be licensing the Bitcoin ATM Bitcoin Kiosk manufacturers or the Bitcoin ATM and Bitcoin Kiosk owners. Instead, IP Consulting LLC will be directly licensing each individual user of every Bitcoin ATM and Bitcoin Kiosk in the U.S. – charging a one-time patent license fee for each transaction – through arrangements with the Bitcoin ATM owner/operators.

Bitcoin Coins

The licensing program for this patent was developed by IPOfferings LLC. IPOfferings also developed the Claim Charts that document infringement of U.S. Patent No. 10,332,205 by the leading Bitcoin ATMs. IPOffering is a leading patent broker and provider of intellectual property consulting, patent valuation and other patent brokerage services such as patent infringement analysis and claim chart development.


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