Leading Blockchain Software Solutions Provider Chain Bytes, Inc. Taps Bayside Corp. as Exclusive Bitcoin ATM Distributor for Florida

State-of-the-Art BTM Machines Are Estimated to be Available to Florida Customers by the End of the First Quarter 2018

WESTON, FL / ACCESSWIRE / February 5, 2018 / Bayside Corporation BYSD ("Bayside" or the "Company") today is pleased to announce that it has finalized an agreement with leading blockchain software solutions provider, Chain Bytes LLC., to exclusively distribute, maintain, and operate their BTMs ("Bitcoin ATMs") for the state of Florida for a period of two years.

ChainBytes' cutting edge software, combined with CoinOutlet's state of the art kiosks, have created the most advanced two-way BTM on the market that supports ALL languages and currencies. BTMs make buying and selling bitcoin and altcoins for cash simple, quick, and convenient. These BTMs, made of bank-grade cold rolled steel, are designed to not only stand the test of time, but also to make future compliance implementation both fast and flexible for the owner.

The purchase order is for 24 BTM machines, the first of which are estimated to be installed and operational by the end of the first quarter 2018. The machines will be branded under the Bayside name. Over the past year, cryptocurrencies have gained in popularity among Wall Street and retail investors, alike.

Carl Ettlinger, Head of Business Development at Bayside Corp., commented, "Despite obvious growing interest and adoption, many people on the retail side are still in the dark and have less than a basic understanding of cryptocurrencies and even less of an understanding on how to purchase and sell them. We are excited to work with Chain Bytes Inc. whom we consider to be the leader in BTM technology, to help address this pain point and bring bitcoin to more businesses, consumers, and investors across the state."

Eric Grill, CEO of Chain Bytes, commented, "Chainbytes is thrilled to announce a new partnership with Bayside Corporation. BYSD has a track record of strategic decisions that have resulted in long-term value for its shareholders. This partnership demonstrates the changing times where traditional companies are pivoting in order to capitalize on the improving technologies available through cryptography. We applaud BYSD for taking this brave step forward, and anticipate their ascendency in the Crypto space. We are excited to be a part of their journey."

Justin Frankel, CEO of Bayside Corp., commented, "Our goal is to develop diverse products that will facilitate seamless integration of cryptocurrency and blockchain technology into all types of financial transactions. Chain Bytes provides us with innovation capabilities to make that happen which we're very excited about."

About Chain Bytes

By combining a broad range of technical expertise in Blockchain technology with an unparalleled commitment to customer satisfaction, ChainBytes offers solutions for companies looking for Blockchain software development services, including integration of Blockchain technology with existing enterprise infrastructure, creating complex smart contracts and tokenizing assets, and first-of-a-kind, start-to-finish development and execution solutions of Blockchain ideas.

About Bayside Corp.

Bayside Corp. is an American corporation that trades publicly under the symbol "BYSD." At Bayside Corp., we believe that emerging technologies will create new opportunities for generations to come. Crypto-assets and blockchain technology will fundamentally impact a broad range of industries such as financial services, digital rights management, and computer processing and programming, along with many others. Our goal is to become the premier provider of infrastructure in this new and exciting industry. For additional information on the Company, visit our website at: http://www.baysidecorp.com.

Forward-Looking Statements:

This press release may contain projections and other forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Act of 1934, as amended, and are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Any such projections or statement reflect the company's current views with respect to future events and financial performance. No assurances can be given, however, that these events will occur or that such projections will be achieved and that actual results could differ materially from those projected. Important factors that could cause actual results to differ from those projected are decreases in oil and gas prices or decreases in oil and gas production. The company's actual results could differ materially from those discussed herein. Forward-looking statements are subject to risks and uncertainties, including, but not limited to, government regulation, taxation, spending, competition, general economic conditions and other risk factors which could cause actual results to differ materially from those projected or implied in the forward-looking statements.

Company Contact:

Info@baysidecorp.com

SOURCE: Bayside Corp.

Market News and Data brought to you by Benzinga APIs
Comments
Loading...
Benzinga simplifies the market for smarter investing

Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.

Join Now: Free!