GD Entertainment and Technology announced that the company has issued a Letter of Intent (the “LOI”) for the establishment of a lease for the company’s Bitcoin ATM Machine to be housed and operated within iVapeATX, a premier vape products store located at 12233 Ranch Rd 620 N 108, Austin, TX 78750. The proposed terms of the agreement include a lease of Twelve (12) Months in duration with a base rent to be paid by the Company to the landlord holding the master lease of the property in exchange for the rights to install and operate the Company’s Bitcoin ATM Machine within the iVapeATX store for the duration of the lease term. GDET will provide the physical ATM as well as all related logistics involved in operating the ATM at the location, and will derive all proceeds from operating the ATM over the life of the lease. Management notes that the Crypto ATM market is expected to show dramatic growth over coming years as alternate and digital payment methods penetrate deeper into mainstream culture. As a case in point, a recent report from MarketsandMarkets notes that the crypto ATM market will reach $144.5 million by 2023 from $6.8 million in 2017, representing a CAGR of 54.7%.