Accredited Solutions, Inc. Shifts Focus to Blockchain and AI in Telecom Settlements

Accredited Solutions, Inc. (OTC: ASII) has announced a significant strategic shift, focusing its operations on the acquisition of ItsBchain, a blockchain subsidiary with expertise in telecommunications infrastructure and settlement automation. This move underscores the company's ambition to pioneer in blockchain-based telecom and fintech solutions, leveraging ItsBchain's advanced platform that integrates blockchain, telecom, and AI for carrier settlement and interconnect transaction processing.

The initiative, set to launch imminently, promises to revolutionize the telecom and fintech sectors by introducing a blockchain-based infrastructure complemented by AI-powered intelligence. This system is designed to address critical industry challenges such as fraud reduction, optimization of settlement times, and fostering trust among telecom carriers worldwide. Eduardo Brito, CEO of Accredited Solutions, Inc., highlighted the transformative potential of this project, emphasizing its capacity to redefine settlement processes in the telecom industry.

ItsBchain's leadership, comprising former CEOs of major Latin American telecommunications companies and seasoned IT and financial professionals, brings over 25 years of industry experience to the partnership. This expertise not only validates the strategic value of the acquisition but also positions ASII to capitalize on a high-demand, innovation-driven market segment.

In alignment with this strategic refocus, ASII has decided to rescind its Stock Purchase Agreement with Globetopper, citing the potential for excessive dilution and the competitive nature of the e-gift card market. Instead, the company is channeling its resources towards the ItsBchain acquisition, viewing it as a more accretive and scalable opportunity that aligns with global technology trends.

ASII is also nearing the completion of its financial audit, with expectations to file updated financials and regain current status shortly. This development marks a pivotal step in the company's journey towards establishing itself as a leader in the blockchain and fintech spaces, with a clear focus on solving real-world payment and settlement challenges.