Accredited Solutions Expands Blockchain Capabilities with ItsBChain Acquisition
TL;DR
ASII gains a substantial competitive advantage by acquiring ItsBChain, cutting time-to-market by at least 70% in the fintech sector.
ASII acquires ItsBChain, a blockchain-based subsidiary, to integrate blockchain technology into digital finance solutions for enhanced security and efficiency.
ASII's acquisition of ItsBChain aims to make digital payments more secure, transparent, and efficient, benefiting partners, customers, and the future of financial services.
ASII's acquisition of ItsBChain enables innovative blockchain applications in digital finance, driving secure transactions and operational efficiencies for a transformative future.
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Accredited Solutions, Inc. (OTC: ASII) has signed a Memorandum of Understanding to acquire ItsBChain LLC, a strategic move aimed at strengthening its blockchain capabilities in the fintech and digital payments sector. The acquisition is expected to be finalized by July 1, 2025, and represents a significant step in the company's technological expansion strategy.
The integration of ItsBChain's blockchain expertise with Accredited Solutions' existing digital financial services portfolio is designed to create substantial operational synergies. Blockchain technology in telecommunications has demonstrated effectiveness in securing transactions, reducing fraud, and improving operational efficiency, which the company plans to leverage across its digital payment solutions.
CEO Eduardo Brito highlighted the strategic importance of the acquisition, emphasizing that blockchain technology represents the future of payments. By integrating ItsBChain's platform, the company anticipates cutting its time-to-market by approximately 70% and gaining a significant competitive advantage in the fintech landscape.
The acquisition is particularly notable for its potential to enhance transaction security, transparency, and efficiency. ItsBChain's blockchain platform is expected to complement Accredited Solutions' e-gift card and prepaid financial services, creating new revenue streams and reducing transaction costs.
This strategic move underscores Accredited Solutions' commitment to advancing digital financial services through technological innovation. By positioning itself at the forefront of blockchain integration, the company aims to provide enterprise-level solutions for telecommunications operators, online retailers, and other digital payment ecosystem participants.
Curated from NewMediaWire
