Accredited Solutions, Inc. (OTC: ASII) has signed a Memorandum of Understanding to acquire ItsBChain LLC, a blockchain-based subsidiary of iQSTEL Inc., in a strategic move to strengthen its fintech and digital payment technologies. The pending acquisition, expected to be finalized by July 1, 2025, represents a significant step in the company's growth strategy to expand blockchain-powered financial services.
The transaction will enable Accredited Solutions to integrate ItsBChain's telecommunications blockchain expertise with its existing e-gift card and prepaid financial services portfolio. By combining these technologies, the company aims to create more secure, transparent, and efficient digital payment solutions for enterprise-level corporations, telecommunications operators, and online retailers.
CEO Eduardo Brito highlighted the potential of the acquisition, noting that blockchain technology can reduce transaction costs and create new revenue streams. The integration is projected to cut the company's time-to-market by approximately 70%, providing a substantial competitive advantage in the rapidly evolving fintech landscape.
This strategic move underscores Accredited Solutions' commitment to positioning itself as a leader in digital financial services. By leveraging blockchain technology, the company seeks to enhance transaction security, reduce fraud, and improve operational efficiencies across its payment processing ecosystem.
