Investor Relations

Investor News

September 28, 2024
First El Salvador, then Guatamala, then Costa Rica, then Argentina



Dear Valued Shareholders,

CDPI, Inc. has officially signed a partnership agreement with IBEX to expand our Bitcoin transaction solutions across 150 retailers in El Salvador, including prominent brands like Holiday Inn, Starbucks, Wendy’s, Tony Roma's Steakhouse, Marriott Hotels, and more.

As soon as the rollout begins in El Salvador, Stephen will head to Guatemala to meet with Alvaro Sol, co-founder of IBEX, to establish the partnership deal there. With the contract expected to be signed soon, Stephen will then proceed to Costa Rica to finalize another strategic partnership, further expanding CDPI’s footprint in Central America.

We also have an upcoming meeting with President Milei of Argentina to discuss our Bitcoin technology. 

(If Milei decides to adopt Bitcoin as legal tender, there will be a shift in the money market; or more like an earthquake, because once a 3rd country adopts Bitcoin... nothing can stop the inevitable transformation and establishment of a new currency standard.)

We are on the verge of establishing CDPI, Inc. as the dominant BTC transaction company in Central America, a key milestone in our mission to lead the Bitcoin payment revolution across the region.

And as we continue to meet the presidents of these countries, establish trust with each government and solidify partnerships with exchanges; CDPI will be there, setting the highest standards of Bitcoin transaction software.

Thank you for your confidence in us as we move closer to achieving our long-term vision.

Stephen Offman (CEO)
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September 5, 2024 3:30pm CST
CDPI/IBEX Exchange Agreement Meeting

At 6:30pm in Hammonds Plains, Nova Scotia, Stephen spoke with Juan Diego (IBEX El Salvador) & Alvaro Sol (IBEX Guatemala) 

We met Juan a few times on our last visit to El Salvador, but this was our first meeting with Alvaro, so introductions were made and the CDPI/IBEX Service Agreement (signed in July, IBEX 1.2% fee) was formally discussed.

CDPI Meeting Agenda:

Stephen led the meeting.

CDPI Software Integration

Stephen asked how the software integration is going.

Gifford and Juan (who have been working together for the last few weeks) provided an update about the "CDPI/IBEX BTC (beta)" software project:

"We're ready for testing," said Gifford and Juan.

So, there you have it... we're ready to start beta-testing a new and different category of BTC transaction software solution... the category is "A Bitcoin Processor that Actually Works in El Salvador"... specifically one integrated with the IBEX exchange platform.

IBEX Retail Locations

Next, our attention went to discussing IBEX merchant locations; places where IBEX BTC transaction terminals are installed and not transacting. We learned IBEX doesn't want to focus attention on retail BTC solutions, but IBEX would rather partner with someone who specializes in the retail sector with BTC front-end solutions that tie into the existing IBEX exchange. We just all laughed because we've all been talking... and working hard to get the CDPI/IBEX partnership transacting Bitcoin. It was one of the lighter moments.

Future BTC Solutions

We all agreed to continue to a collaborative investigation regarding any future BTC solutions.

Next Steps

This week CDPI/IBEX is testing the beta version of the new software (live testing).

Next week is the official CDPI/IBEX v1.0 software release. 

Then IBEX is looking forward to seeing us back in El Salvador where we'll supervise the roll-out for IBEX merchant retailers.

We congratulated each other and ended the meeting.


Thank you for reading and investing; together CDPI, Inc stands at ground zero, in place and at the right time, at the beginning of a brand new and different category of value exchange (crypto/digital currency) made famous by Bitcoin.

El Salvador might be the first country to make BTC legal tender, CDPI will be the first to make it work.

Stephen Offman (CEO)

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July, 2024 - El Salvador Report

On July 9th, CDPI (CEO Stephen Offman & CTO Gifford Watkins) traveled to El Salvador for a series of management meetings. 

When we arrived at customs, we asked if we could purchase our Tourist Cards using Bitcoin, but they could not; they didn't have a Bitcoin Processor. 

This would be the first of hundreds of experiences trying to spend Bitcoin in El Salvador. 

We met with Jose Romero, our partner (and President Bukele's law team) in San Salvador to discuss a number of exit strategies. We considered approaching the government and the private sector about selling CDPI Inc outright (we had an offer), but internal talks and our experiences with merchants, revealed we should explore alternative options, and the trip was soon an expedition to discover just how poorly the adoption of Bitcoin rollout was in El Salvador.  

And specifically, why nothing was working at the Point of Sale level.

Gifford requested a meeting with Jessica Bukele, the Deputy Director of Investment Promotion for El Salvador (and the niece of President Bukele). She agreed to meet with us and we were soon all together in one room. Jessica was delighted to see Jose and learn about our Bitcoin solutions; namely our white-label hardware terminals, our Point of Sale and eCommerce API proprietary softwares (also white-label). 

The Slide Deck for that meeting is here below.

CDPI Inc Slideshow Presentation

The outcome of the meeting was that Jessica believed we were in good hands with Jose, and asked if we would open up an office and start a new company in El Salvador. So, that's what we did. Once the company was set up, we opened up a bank account and then interviewed one of the exchanges. 

CDPI Inc has partnered with IBEX (with Juan Diego Sol representing the country of El Salvador). 

It took a bit of coaxing to agree together that the terminal machines IBEX has in place, do not work.

Our partnership agreement is 1.2% of processing fees going to IBEX. Juan was very cordial and recommended a rollout of 200 CDPI Point of Sale Bitcoin Processing terminals. 

We immediately began recruiting a sales team, and conducting interviews. 

Our legal team suggested those interviewing provide a background check, and we agreed. The sales team is now ready and waiting for our return.

Upon returning to Nova Scotia, we began preparing the software to connect to the IBEX network exchange servers and configuring 200 machines for installation in high tourist areas in El Salvador.

So, that's where things stand right now. At the end of August CDPI will return to El Salvador and begin the rollout.  The culmination of 5 years of hard work, research and development, engaging the right people, and we're now in sight of a new chapter. 

It appears CDPI is properly in the right place and at the right time to make a significant impact; not only for our investors, but also to assist President Bukele and his vision to truly make El Salvador the first country in the world, to not only accept Bitcoin, but also be:

"the First country to Export Bitcoin Processing Solutions."

Once CDPI terminals are in place and have a proven track record, the next step seems to be a government buy in (the purchase of thousands of CDPI machines), and/or then a private sector buyout.

Thank you for reading; and thank you for your support.

CTO - Gifford Watkins 

CEO - Stephen Offman