Believe Stamp pronounces a Letter of Intent for a

Atlanta, GA, July 18, 2024 (GLOBE NEWSWIRE) — Believe Stamp (Nasdaq: IDAI) introduced that it has entered right into a Letter of Intent with Qenta Inc. for a strategic alliance to provide a world federated community together with crypto, storehouse, and alternative monetary products and services firms. the Letter of Intent is non-binding till the definitive transaction paperwork are accomplished.

Gareth N. Genner, CEO of Believe Stamp, commented, “Qenta is a global company that elevates the world’s citizens and businesses through a frictionless, accessible, secure, and compliant financial ecosystem that can digitize and democratize all ofthe world’s assets and transactions. According to a report by the Boston Consulting Group, the global movement from physical to digital transactions is estimated to result in $16 Trillion in annualized digital transactions by 2030, with resulting service revenue from tokenization predicted to grow from $2.81 Billion in 2023 to $13.2 Billion by 2032.”

Genner went on to mention, “Qenta’s interlocking products and services, including the QOS blockchain, bridge the gap between legacy financial rails andthe new, digital and tokenized economy andwill be further enhanced by Trust Stamp’s proprietary technology providing secure, tokenized identity services ensuring both compliance and privacy. Given that twenty of our issued patents and nine of our pending patents are directly related to tokenization of identity and data, I believe that Trust Stamp is well positioned to play a significant role in the fast-growing digital transaction market.”

Brent De Jong, Chairman, CEO, and Founding father of Qenta, commented, “This strategic alliance brings together two innovative companies with complementary technologies. Trust Stamp and Qenta share a vision of shaping the future of identity and data management. Combining our technologies and solutions will enhance capabilities for innovative and regulatory-compliant AI-powered solutions addressing data controls, privacy, secure content transfer, and payments. Our alliance will leverage relationships and activities in major market sectors such as finance, commodities, advertising, government, media, and sports. Both companies operate in multiple geographies and have complementary capabilities, enabling a more comprehensive and global delivery of products and services to businesses, governments, regulatory bodies, and consumers.”

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Believe Stamp                                                   Electronic mail: [email protected]

About Believe Stamp

Trust Stamp is a world supplier of AI-powered id and tokenization products and services for significance in a couple of sectors, together with banking and finance, regulatory compliance, executive, actual property, communications, and humanitarian products and services. Its generation empowers organizations with complicated answers that leave fraud, give protection to non-public knowledge privateness, building up operational potency, and achieve a broader bottom of customers international thru its distinctive knowledge transformation and comparability functions.

Situated throughout North the us, Europe, Asia, and Africa, Believe Stamp trades at the Nasdaq Capital Marketplace (Nasdaq: IDAI).

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