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DGAP-News: Northern Bitcoin AG / Key word(s): Product Launch

2019-09-11 / 07:30
The issuer is solely responsible for the content of this announcement.



*- Planned start date already in November 2019
- Innovative Smartphone app for Android and iOS
- Direct access to assets makes banks obsolete*

*Frankfurt on the Main - September 11, 2019* - Northern Bitcoin AG (XETRA:
NB2, ISIN: DE000A0SMU87) has announced the launch of its own e-wallet for
Bitcoin in November 2019. The Company specialized in the sustainable mining
of Bitcoins is thus expanding its business model and adding a product line
with the brand name "Wallace", independent of its existing business. The
wallet, designed market-ready by the Northern Bitcoin development team, will
be available as an app for smartphones and enables users secure access to
individual Bitcoins. The app allows users to securely receive, manage and
send Bitcoins. Users can monitor their Bitcoin assets in any common fiat
currency. The Market launch will be in Germany; the market entry to other
European countries will initially be taken step-by-step. The brand name of
the app "Wallace" has already been registered throughout Europe.

Wallace serves as an interface to the Bitcoin system accessible for
everyone. The app is comparable with an electronic bank account for digital
payment methods. It is a program for the user to manage his private key. The
private key is the personal access code to one's own Bitcoin "account". Only
who knows one's private key can access his Bitcoins from anywhere in the

"Bitcoin is the world's first true purely digital value storage and the
world's most established and successful blockchain application. The interest
in it continues to rise steeply. But many people who would like to
participate still lack the simple, uncomplicated access to the Bitcoin
network. With Wallace, our own wallet, we want to give them easy access,"
says Moritz Jäger, Technical Director (CTO) of Northern Bitcoin, and
continues: "Northern Bitcoin recognized the power of Bitcoin early on and is
growing with it. The aim of our own wallet is to promote growth and expand
the network by opening the door to the network for the general public. In
particular, with our shareholder structure - our major shareholders include
the owner of one of Europe's largest out-of-home media groups - we are
well-positioned to make Wallace a great success."

Wallace will be easy to use without any previous knowledge and will guide
the user through the menu with short explanations. With the Wallet, Northern
Bitcoin follows the philosophy that only the user has access to his Bitcoins
and manages them himself. For this purpose, the user stores his private key
with the Wallace app on the smartphone in a highly-encrypted form. With the
help of the Wallace app developed by Northern Bitcoin, the intermediary or
"middleman" between customers and assets who was previously necessary has
now become obsolete. In further steps, the service scope of the wallet is to
be successively expanded. Consistently with the aim of maximum
user-friendliness, this will also include a new application developed by
Northern Bitcoin itself, which will allow users to determine the most
favorable transaction fees. The wallet will be available under the Android
and iOS operating systems.

Northern Bitcoin AG, headquartered in Frankfurt, started in 2018 as a
sustainable Bitcoin Miner and is experiencing rapid growth due to the steady
global spread of Bitcoin and its blockchain. The Company operates a
renewable energy mining site in Norway and benefits from the rapid
adaptation of Bitcoin as "digital gold" and as a novel payment method. Its
own wallet is a further boost in the Company's growth into becoming an
operator of a 360-degree Bitcoin ecosystem.

*About Northern Bitcoin:*
Northern Bitcoin AG is a technology company focused on the Bitcoin
blockchain. It is challenging the status quo of Bitcoin mining and
redefining it. As a pioneer, it provides Bitcoin and blockchain technology
with a sustainable infrastructure. To this end, it operates its own
state-of-the-art mining hardware based on renewable energy sources under
extremely cost-efficient and secure conditions as well as a self-developed
mining pool. The company is headquartered in Frankfurt am Main. Further
information under www.northernbitcoin.com [1].

This press release does not constitute an offer to sell or the solicitation
of an offer to buy or subscribe for any securities of Northern Bitcoin AG
and does not constitute a prospectus of Northern Bitcoin AG. The information
contained in this press release is not intended to form the basis of any
financial, legal, tax or other business decision. Investment or other
decisions should not be made solely on the basis of this press release. As
with all business and investment matters, please consult qualified
professional advice. This release and the information contained herein are
not for distribution, directly or indirectly, in or into the United States
of America, Canada, Australia or Japan.

*Press contact:*
Northern Bitcoin AG
Dr. Hans Joachim Dürr
Head of Corporate Communications
Thurn-und-Taxis-Platz 6
60313 Frankfurt
E-Mail: h.duerr@northernbitcoin.com
Telefon: +49 69 348 752 89

*Investor Relations:*
Sven Pauly
E-Mail: ir@northernbitcoin.com
Telefon: +49 89 125 09 03 31

2019-09-11 Dissemination of a Corporate News, transmitted by DGAP - a
service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

The DGAP Distribution Services include Regulatory Announcements,
Financial/Corporate News and Press Releases.
Archive at www.dgap.de
Language: English
Company: Northern Bitcoin AG
Thurn-und-Taxis-Platz 6
60313 Frankfurt/Main
Phone: +49 69 34 87 52 25
E-mail: info@northernbitcoin.com
Internet: www.northernbitcoin.com
Listed: Regulated Unofficial Market in Berlin, Dusseldorf, Frankfurt,
Munich (m:access), Tradegate Exchange
EQS News ID: 871559

End of News DGAP News Service

871559 2019-09-11

1: https://link.cockpit.eqs.com/cgi-bin/fncls.ssp?fn=redirect&url=9f47ac2af6d5827bee49b4ae4f0fc686&application_id=871559&site_id=vwd&application_name=news

(END) Dow Jones Newswires

September 11, 2019 01:30 ET ( 05:30 GMT)

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