Accredited Solutions, Inc. (OTC: ASII) is set to strengthen its fintech and digital payments portfolio through the acquisition of ItsBChain LLC, a blockchain-based subsidiary of iQSTEL Inc. The move represents a strategic expansion of the company’s technological capabilities in the digital finance sector.
The acquisition, signaled by a Memorandum of Understanding, will enable Accredited Solutions to integrate blockchain technology into its existing e-gift card and prepaid financial services. By incorporating ItsBChain’s expertise in telecommunications blockchain applications, the company aims to improve transaction security, reduce fraud, and enhance operational efficiency.
Eduardo Brito, CEO of Accredited Solutions, emphasized the significance of the acquisition, noting that blockchain technology represents the future of payments. The integration is expected to create substantial synergies, potentially reducing time-to-market by approximately 70% and providing a competitive advantage in the fintech landscape.
The definitive Purchase Agreement for ItsBChain is anticipated to be finalized by July 1, 2025. This strategic move aligns with Accredited Solutions’ broader vision of becoming a global leader in fintech payments and digital financial services.
ItsBChain’s blockchain platform is particularly notable for its applications in the telecommunications industry, offering enhanced transaction security and automation. The technology’s adaptability to digital financial services positions it as a valuable asset for Accredited Solutions’ expansion strategy.
The acquisition underscores the growing importance of blockchain technology in modernizing financial transactions, particularly in sectors like telecommunications, digital payments, and enterprise solutions. By integrating ItsBChain’s capabilities, Accredited Solutions demonstrates its commitment to innovation and technological advancement in the rapidly evolving fintech ecosystem.
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