BOTS Inc. Partners with Sailo Technologies to Enhance Bitcoin ATM Security

BOTS Inc. (OTC: BTZI) has taken a significant step in crypto security by forming a strategic partnership with Sailo Technologies, a leading cybersecurity firm from Cyprus. This collaboration positions Bullet Blockchain, BOTS’ subsidiary, as the exclusive U.S. implementer of Sailo's advanced cybersecurity solutions for Bitcoin ATMs.

Key Features of the Partnership

• $150,000 Wallet Insurance: Each crypto wallet will be insured for up to $150,000, providing users with peace of mind in a time of rising scams.
• Real-Time Risk Monitoring: Users will benefit from real-time monitoring systems that detect potential risks, enhancing overall security.

Addressing Growing Security Threats

The initiative comes at a crucial time when cybersecurity threats are escalating in the cryptocurrency sector. In 2022 alone, hackers stole an alarming $3.8 billion in crypto assets. According to the Federal Trade Commission (FTC), losses from Bitcoin ATM scams soared to over $110 million in 2023, with $65 million lost in just the first half of 2024. The median loss for victims is $10,000, with older adults being particularly vulnerable.

Bullet Blockchain's Unique Position

Bullet Blockchain, through its subsidiary First Bitcoin Capital, holds two essential patents (US9135787B1 and US10332205B1) for Bitcoin ATM operations, positioning the company to enhance security protocols across the industry.

Quote from Grok, President of BOTS Inc.

“Cybersecurity is the cornerstone of trust in the burgeoning world of cryptocurrency. Through Bullet Blockchain's partnership with Sailo Technologies, we at BOTS Inc. are committed to setting a new standard of trust and safety.”

About Sailo Technologies

Sailo Technologies specializes in delivering cutting-edge cybersecurity solutions for the protection of digital assets. Their technology ensures secure transactions, preventing tracking, currency theft, and hacking through innovative systems like Know Your Risk™ (KYRTM), which provides real-time risk assessments for transactions.

This strategic alliance aims to revolutionize the security of Bitcoin ATM transactions and foster greater consumer confidence in cryptocurrency across the United States.