Credissential Announces Adoption of Cryptocurrency Acquisition Policy and Plans to Purchase XRP and XLM
(TheNewswire)Calgary, Alberta / TheNewswire / January 14, 2025 – Credessential Inc.(“Credissential” or the “Company”) (FSE:9YZ), a vertically integrated AI softwaredevelopment company is pleased to announce theadoption of its Cryptocurrency Acquisition Policy (the “Policy”) as apartof its strategic efforts to enhance shareholder value. Pursuant to thePolicy, the Company intends to purchase certain cryptocurrencies tohold on its balance sheet and bolster its treasury. In late January2025, the Company intends to purchase Ripple’s native digital asset,XRP and Stellar’s XLM as it’s first acquisitions under the Policy.The Company’s strategic adoption of the Policy andintention to acquire cryptocurrencies, such as XRP and XLM, isexpected to allow investors to maintain exposure to the Company’scurrent AI driven product stack, as well a curated basket of digitalassets, enabling investors to have access to the growingcryptocurrency and digital asset market though Canadian equitymarkets. The Policy also aligns with the Company’s currentcryptocurrency initiatives, such as the planned integration of Privy,an advanced cryptocurrency wallet infrastructure, as described in theCompany’s press release dated January 3, 2025 “We'rethrilled to seek out innovative ways to protect and grow our capitalin the current financial climate," saidColin Frost, CEO. "Weview Ripple's recent strides in gaining legal recognition and marketcredibility make XRP a compelling opportunity for acquisition underthe Policy. The renewed optimism surrounding pro-crypto policies underthe next Trump administration, we view XRP and XLM as a unique chanceto tap into emerging financial trends and drive sustainable value forour shareholders.” The Company will provide further information relatingto the initial purchases of Cryptocurrencies under the Policy. Anycryptocurrencies purchased will be purchased using the Company’scash reserves. The holding of any cryptocurrencies will be done withstrict adherence to relevant laws and the Policy. The Company believesthat the planned acquisition of XRP or XLM and the adoption of thePolicy will enhance shareholder value and diversify the Company’scurrent treasury. The Company believes that the Policy aligns with theCompany's commitment to exploring innovative ways to navigateinflationary pressures while delivering long-term value for itsshareholders. The Company will continue to monitor market conditionsand may increase or decrease its holdings of XRP or XLM as it deemsappropriate.Business UpdateAs described in the Company’s press release datedJanuary 7, 2025, Credissential is executing on a renewed roadmap for thedevelopment of its product stack, with a heightened focus on advancingits payment platform, Antenna, through the integration of AI andquantum encryption technologies. A key element of this evolution isthe planned incorporation of artificial intelligence, powering dynamicdecision-making processes, enhancing fraud detection, andpersonalizing transaction experiences for both businesses andconsumers. This AI-driven capability is expected to allow Antenna toadapt in real-time to emerging patterns and threats, ensuring fasterand more secure payments. In addition, the planned integration ofquantum encryption within the platform is expected to provide datasecurity, strengthening Antenna against future cybersecuritychallenges. Alongside Antenna, Credissential's DealerFlow, anAI-powered dealer management system, is being developed and refined tostreamline sales and operations, offering predictive insights andautomating workflows to improve efficiency. By focusing on both AI andquantum encryption in the Company’s development roadmap,Credissential is positioning its product stack as a cutting-edge,secure, and adaptive solution in the rapidly evolving financialtechnology landscape.About RippleRipple is a technology company that focuses on enablingfast, secure, and low-cost international money transfers usingblockchain technology. Founded in 2012, it created the Ripple network,a decentralized payment protocol that allows for cross-bordertransactions without relying on traditional banking systems. Thecompany’s native cryptocurrency, XRP, is used to facilitatetransactions on the network. XRP enables businesses and financialinstructions to drive their blockchain based applications a scale.Since inception, over USD$2.8 billion in transactions have beenprocessed using XRP, representing over US$1 trillion in value movedbetween counterparties. For more information about Ripple or XRP, visitwww.ripple.com.About StellarStellar is a decentralized blockchain platform designedto facilitate fast, low-cost cross-border payments and financialtransactions. It was launched in 2014 by founders of Ripple.Stellar’s goal is to connect financial institutions, paymentsystems, and individuals to reduce the cost and time it takes totransfer money globally. Stellar uses a unique consensus mechanismcalled the Stellar Consensus Protocol (SCP), which aims to provide ascalable and secure way to validate transactions. It’s oftencompared to Ripple, as both are focused on improving global payments,but Stellar is more focused on serving individuals, businesses, andunbanked populations, whereas Ripple is primarily aimed at largefinancial institutions.Stellar’s native cryptocurrency is called XLM, whichis used to pay transaction fees and serve as a bridge currency fortransferring value between different currencies on theplatform.For more information about Stellar or XLM, visitwww.stellar.org. About Credissential Credissential is an AI powered financial servicessoftware developer, currently focused on the development andcommercialization of its flagship products, Credissential, Dealerflowand Antenna. For more information about Credissential and otherproducts from Credissential, visit www.credissential.com. ON BEHALF OF THE BOARD OFDIRECTORSChief Executive Officer ColinFrostHead Office 2004Sherwood Drive Sherwood Park, AB T8A 0Z1Telephone +1 (236)513 4776Email [email protected] The CSE and Information Service Provider have notreviewed and does not accept responsibility for the accuracy oradequacy of this release.Forward-Looking InformationCertain information in this news release may constitute"forward-looking" information that involves known andunknown risks, uncertainties, future expectations and other factorswhich may cause the actual results, performance or achievements ofthe Company or industry results, to be materially different from anyfuture results, performance or achievements expressed or implied bysuch forward looking information. When used in this news release, thisinformation may include words such as "anticipate","estimate", "may", "will","expect", "believe", "plan" and otherterminology. This information reflects current expectationsregarding future events and operating performance and speaks onlyas of the date of this news release. Forward-looking statements areinherently risky and the information and plans disclosed therein maynot come to fruition as contemplated or at all. Forward-looking statements in this news releaseinclude, but are not limited to, the expected results from the Policy,the purchase of XRP or XLM including the timing of the purchase (ifany), the future roadmap and execution thereof, the expecteddevelopment timeline for its product stack, including integration ofnew features and the future plans of the Company, business plans,objectives and strategy. Forward-looking statements are inherentlyrisky and the information and plans disclosed therein may not come tofruition as contemplated or at all. Except as required by law, we assume no obligation toupdate or revise forward-looking information to reflect new events orcircumstances. Additional information is available in theCorporation’s Management Discussion and Analysis, which canbe found on SEDAR+ at www.sedarplus.ca. Copyright (c) 2025 TheNewswire - All rights reserved.