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Launched by a former finance professional and crypto-experienced senior developers in 2018, BitcoinPoint enables anyone to buy Bitcoin easily. The idea originated from the frustrations with the complex registration on crypto exchanges and the extremely high fees non-tech savvy users encountered with Bitcoin ATMs

  • We're bringing access to Bitcoin online, in stores and via ATMs
  • We developed a Bitcoin Online Wallet uniquely without network fees 
  • Designed as a solution for the non-tech savvy & the unbanked
  • We're on a mission to disrupt the Money Transfer industry

Idea

The head of the world’s largest asset manager (Blackrock) said Bitcoin can evolve into a global market asset. At BitcoinPoint we believe this is a monetary revolution & we are taking a holistic view by creating an ecosystem of agents, POS & ATMs to make it easier to acquire crypto & even use it for remittances.

BitcoinPoint’s mission is to:

- create the Western Union of crypto

- connect to the global payment system: bank accounts & cards

Key achievements:

- 21,500+ transactions & 2,500+ accounts

- Apr '21; Agreement signed to connect to 320k locations globally

-Dec '20; allowed the selling of bitcoin & withdrawal of cash through one of the largest UK ATM network with 16k ATMs

-Summer '20; launched an instant bank transfer feature (Open Banking technology)

-Q1 '20, the platform was supporting a network of 25 agents reaching over £200k in monthly transactions prior to lockdown. Down to 7 agents & £58k on transactions in Feb '21 (YE Mar 21: Rev: £47.8k, EBITDA -£24k)

- March '18, we released a Bitcoin Online Wallet with zero network fees when clients buy

Business development:

-Advanced talks with a Point Of Sale company to increase the UK network of agents

-Aim to build a remittance service leveraging our crypto expertise (through Bitcoin & the Stellar blockchain with stablecoins) to allow cross-border instant transfer

-In discussions with banking & retail partners in other countries

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Risk warning

Investments of this nature carry risks to your capital, including illiquidity, lack of dividends and dilution. Balance risk with a diversified portfolio. Read more. Approved as a financial promotion by Crowdcube Capital Limited, which is authorised and regulated by the Financial Conduct Authority.

Investment opportunities are not offers to the public and investors must be eligible Crowdcube members. Further restrictions and Crowdcube's limitation of liability are set out in the Investor Terms and Conditions. Please seek independent advice as required as Crowdcube does not give investment or tax advice.

BitcoinPoint has been given advance assurance by HMRC that the proposed share issue is likely to qualify for Enterprise Investment Scheme (EIS) tax relief.

Tax relief is available to individuals only, with income tax relief currently set at 30 per cent of the cost of the shares for the tax year in which the investment was made. The tax reliefs can also reduce your Capital Gains Tax bill. Read More.

Availability of tax relief depends on your individual and the company’s ongoing circumstances and applicable law.