Atlanta, GA, July 18, 2024 (GLOBE NEWSWIRE) — Belief Stamp (Nasdaq: IDAI) introduced that it has entered right into a Letter of Intent with Qenta Inc. for a strategic alliance to serve a world federated community together with crypto, financial institution, and different monetary companies firms. The Letter of Intent is non-binding till the definitive transaction paperwork are executed.
Gareth N. Genner, CEO of Belief Stamp, commented, “Qenta is a world firm that elevates the world’s residents and companies by means of a frictionless, accessible, safe, and compliant monetary ecosystem that may digitize and democratize the entire world’s belongings and transactions. In line with a report by the Boston Consulting Group, the worldwide motion from bodily to digital transactions is estimated to end in $16 Trillion in annualized digital transactions by 2030, with ensuing service income from tokenization predicted to develop from $2.81 Billion in 2023 to $13.2 Billion by 2032.”
Genner went on to say, “Qenta’s interlocking services, together with the QOS blockchain, bridge the hole between legacy monetary rails and the brand new, digital and tokenized financial system and will likely be additional enhanced by Belief Stamp’s proprietary know-how offering safe, tokenized identification companies making certain each compliance and privateness. On condition that twenty of our issued patents and 9 of our pending patents are instantly associated to tokenization of identification and knowledge, I imagine that Belief Stamp is effectively positioned to play a major function within the fast-growing digital transaction market.”
Brent De Jong, Chairman, CEO, and Founding father of Qenta, commented, “This strategic alliance brings collectively two revolutionary firms with complementary applied sciences. Belief Stamp and Qenta share a imaginative and prescient of shaping the way forward for identification and knowledge administration. Combining our applied sciences and options will improve capabilities for revolutionary and regulatory-compliant AI-powered options addressing knowledge controls, privateness, safe content material switch, and funds. Our alliance will leverage relationships and actions in main market sectors corresponding to finance, commodities, promoting, authorities, media, and sports activities. Each firms function in a number of geographies and have complementary capabilities, enabling a extra complete and world supply of services to companies, governments, regulatory our bodies, and shoppers.”
Enquiries
Belief Stamp Electronic mail: [email protected]
About Belief Stamp
Belief Stamp is a world supplier of AI-powered identification and tokenization companies to be used in a number of sectors, together with banking and finance, regulatory compliance, authorities, actual property, communications, and humanitarian companies. Its know-how empowers organizations with superior options that cut back fraud, defend private knowledge privateness, improve operational effectivity, and attain a broader base of customers worldwide by means of its distinctive knowledge transformation and comparability capabilities.
Situated throughout North America, Europe, Asia, and Africa, Belief Stamp trades on the Nasdaq Capital Market (Nasdaq: IDAI).
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