GivBux Inc. Shifts Focus to Gold-Backed Fintech with Charter House Acquisition
TL;DR
GivBux's acquisition of Charter House Financial AU positions it to dominate the gold-backed financial services market, offering a unique advantage in digital payments and precious metals integration.
GivBux will acquire Charter House Financial AU by July 13, 2025, integrating its asset-backed infrastructure to develop gold-backed digital payment solutions through the GivBux app.
By merging charitable giving with gold-backed financial services, GivBux enhances its platform to support global philanthropy, making financial contributions more impactful and accessible.
GivBux cancels previous deals to focus on a $200 million revenue gold-backed venture, merging digital payments with precious metals for a groundbreaking financial service.
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GivBux Inc. (OTC: GBUX), known for its Super App and charitable giving platform, has announced the finalization of a Share Exchange Agreement to acquire 100% of Charter House Financial AU. This acquisition, expected to close by July 13, 2025, signifies a strategic pivot for GivBux towards gold-backed financial services. The move leverages Charter House's asset-backed infrastructure and global networks, aiming to integrate operations and develop offerings that combine precious metals with digital payments through the GivBux app.
Anthony Capazze, founder of Charter House and a seasoned expert in gold markets and finance, forecasts potential revenues of up to $200 million in the venture's first full year. This ambitious projection underscores the significant impact the acquisition could have on the fintech industry, particularly in the niche of gold-backed financial services. As part of this strategic shift, GivBux has also canceled previously announced deals, including a $39 million acquisition of VitorganAmerica.shop and another strategic investment, citing due diligence and funding issues.
The acquisition of Charter House by GivBux represents a notable development in the fintech sector, highlighting the growing interest in asset-backed digital payment solutions. This move not only positions GivBux for potential revenue growth but also reflects broader industry trends towards integrating traditional financial assets with digital platforms. The implications for consumers and investors are significant, as this could pave the way for more secure and innovative financial services in the digital age.
Curated from InvestorBrandNetwork (IBN)
