“Our product and feature development will be accelerating drastically throughout the next 3-6 months,” said Adam O’Brien, Founder & CEO of the Company, “We are laser focused on future-proofing money by making Bitcoin useful for the everyday people.”
On the topic of user growth:
“We have signed up over 1,000 individuals to the platform without a significant marketing spend over the past 3 months. While we are still early in our product growth,” continued Adam, “and I believe the organic success we’ve seen in the last few weeks has been great. We have spent the summer solidifying the technology needed to accelerate feature development which we expect will increase our organic growth and give us opportunities to accelerate that growth through paid advertising avenues.”
Our users and shareholders can expect to see the following exciting deliverables in Q4:
- Improved signup workflow
- Importance: Allow users to use the product without the cumbersome signup process. This is only made possible because we are a non-custodial retailer.
- Sets the stage: Incentivize users to sign up with rewards which are unlocked upon completed signup.
- Canadian Dollar Balances
- Importance: Allow users to fund Canadian Dollars Balances in their Bitcoin Well account. This will allow us to incentivize signups with promotional funds deposited into accounts.
- Sets the stage: Be able to spend bitcoin or CAD from the eventual Bitcoin Well Card.
- Mobile App Release
- Importance: Greater brand recognition and more avenues to find new users
- Sets the stage: Use iOS and Android operating systems to increase gamification of signup and app usage
The Company has also granted stock options (“Options”) to its independent directors to purchase up to a total of 1,523,752 common shares (“Common Shares”) of the Company as compensation. The Options will be granted at an exercise price of
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Bitcoin Well Contact Information
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For additional investor & media information, please contact:
Tel: 1 888 711 3866
ir@bitcoinwell.com
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