Climate Change Data

Environmental Metrics

ESG Focus Areas

• environmental, social, and governance (ESG) related issues

Climate Goals & Targets

Supply Chain Management

Climate-Related Risks & Opportunities

Environmental Metrics

Climate Goals & Targets

Environmental Challenges

• Rapidly evolving technological changes in digital banking, mobile financial apps, ATMs and BTMs, and point-of-service solutions, as well as developments in cryptocurrency and tokenization.
• Intense competition from traditional financial institutions, fintech companies, brokerage firms, digital and mobile payment companies, and cryptocurrency-focused companies.
• Risks associated with converting cash into cryptocurrency, including loss of user assets, disputes, and liabilities.
• Potential for significant disruptions in kiosks, software, IT systems, or blockchain networks, leading to loss of users or funds.
• Need to obtain and maintain necessary money transmission registrations and licenses.
• Extensive and evolving regulatory landscape, including compliance with laws, rules, and regulations related to money transmission, privacy, cybersecurity, and anti-money laundering.
• Reliance on third-party service providers and suppliers, including potential for disruptions in services or supply chain issues.
• Potential for exploitation of products and services to facilitate illegal activities.
• Need to retain existing users and attract new users to increase engagement.
• Potential for negative characterizations by consumer advocacy groups or media.
• Balancing long-term strategic goals with short-term financial results.
• Risks associated with non-U.S. operations.
• Exposure to cryptocurrency price volatility.
• Potential for undetected errors in software, hardware, and systems.
• Risks associated with cybersecurity threats and data security breaches.
• Potential for litigation or investigations.
• Risks related to major bank failure or financial market illiquidity.
• Rapid growth may not be indicative of future growth.
• Uncertainties related to the development and acceptance of cryptocurrency networks.
• Risks arising from disruptions in crypto asset markets.
• Adverse developments affecting the financial services industry.
• Inability to adequately protect intellectual property rights.
• Exposure to economic and geopolitical risks.
• Reliance on third-party platforms for distribution of mobile app.
• Potential for high transaction fees from miners or validators.
• Reliance on search engines and web-based platforms for user acquisition.
• Limited experience of management team in managing a public company.
• Potential conflicts of interest among officers, directors, employees, and stockholders.
• Dependence on distributions from BT HoldCo to pay taxes and expenses.
• Exemptions from Nasdaq's corporate governance requirements as a controlled company.
• Concentration of voting control within Brandon Mintz and his affiliates.
• Inability to generate sufficient cash to service indebtedness.
• Restrictive covenants in debt agreements.
• Potential for volatility in the market price of Class A common stock.
• Potential for an inactive trading market for Class A common stock.
• Potential for dilution from future issuances of securities.
• Potential for issuance of preferred stock with terms that could adversely affect Class A common stock.
• Material weaknesses in BT OpCo's internal control over financial reporting.
• Uncertainties with respect to reference period payments under the PIPE Agreement.
• Potential for adverse effects from natural disasters, pandemics, and other catastrophic events.
• Long-term impacts of climate change.
• Strain on resources from being a public company.
• Potential need for additional capital to support business growth.

Mitigation Strategies

• Continuous development of new and innovative products and services.
• Implementation of robust risk management and compliance programs.
• Maintenance of insurance policies.
• Continuous improvement of information systems and technologies.
• Implementation of a comprehensive OFAC compliance program.
• Remediation of material weaknesses in internal control over financial reporting.
• Diversification of revenue streams through BDCheckout.
• Strategic acquisitions and partnerships.
• Prudent Bitcoin management practices.
• Reinvestment of profits back into the business.
• Geographical and retailer expansion.
• Development of business continuity and disaster recovery plans.

Supply Chain Management

Climate-Related Risks & Opportunities

Physical Risks

• Extreme weather events and natural disasters

Environmental Metrics

Climate Goals & Targets

Environmental Challenges

• The ongoing military conflict between Russia and Ukraine and resulting market volatility could adversely affect our ability to complete a Business Combination.

Supply Chain Management

Climate-Related Risks & Opportunities

Environmental Metrics

Climate Goals & Targets

Environmental Challenges

• Unable to file Form 10-Q for the period ending June 30, 2024 without unreasonable effort or expense due to incomplete financial closing process and the need for additional information for the independent registered accounting firm to complete their review procedures.

Mitigation Strategies

• Anticipates filing Form 10-Q on or before August 19, 2024.

Supply Chain Management

Climate-Related Risks & Opportunities