Accredited Solutions, Inc. (OTC: ASII) is taking a significant step forward in the fintech and digital payments arena by acquiring ItsBChain LLC, a blockchain-based subsidiary of iQSTEL Inc. This acquisition, outlined in a Memorandum of Understanding, is poised to bolster Accredited Solutions' technological infrastructure, particularly in the realm of e-gift cards and prepaid financial services. The integration of ItsBChain's blockchain technology is expected to enhance transaction security, mitigate fraud risks, and streamline operational processes, marking a pivotal shift towards more secure and efficient digital financial services.
Eduardo Brito, CEO of Accredited Solutions, highlighted the transformative potential of blockchain technology in the payments sector. The acquisition is not just a strategic expansion but a forward-looking move that could significantly reduce the company's time-to-market by about 70%, offering a substantial edge in the competitive fintech landscape. The definitive Purchase Agreement is slated for completion by July 1, 2025, aligning with Accredited Solutions' ambition to emerge as a global frontrunner in fintech payments and digital financial services.
ItsBChain's blockchain platform, renowned for its applications in the telecommunications industry, brings to the table advanced transaction security and automation capabilities. These features are particularly relevant for Accredited Solutions' expansion into digital financial services, underscoring the acquisition's strategic value. The move reflects the increasing relevance of blockchain technology in modernizing financial transactions across various sectors, including telecommunications, digital payments, and enterprise solutions.
By embracing ItsBChain's innovative technology, Accredited Solutions reaffirms its dedication to driving technological advancement and innovation within the fintech ecosystem. This acquisition not only enhances the company's service offerings but also positions it as a key player in the ongoing evolution of digital financial services. For more information on blockchain technology's impact on fintech, visit https://www.blockchain.com.
