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HUMBL Inc (HMBL) is a global payments, asset management, and digital asset company. They aim to provide high-quality financial services to consumers worldwide, specializing in mobile payments and blockchain technology.
Through strategic partnerships and innovative solutions, HUMBL offers a seamless experience for users to manage their assets efficiently. With a focus on transparency and security, the company is committed to revolutionizing the financial industry.
Their recent achievements include the development of a blockchain ticketing system, offering reduced fees and enhanced authentication for ticket purchases. HUMBL's collaboration with AVRIO Worldwide PBC and Arkonis Capital, LLC further strengthens their position in the market, ensuring a robust and reliable platform for financial transactions.
HUMBL Inc. (OTC: HMBL) has announced a two-step transaction involving a stock purchase agreement with Ybyra Capital S.A. and asset sale to WSCG, Inc. HUMBL purchased Ybyra's subsidiary FinCapital, which includes $20,000,000 in physical assets. Ybyra's Chairman Thiago Moura will become HUMBL's new CEO. Additionally, HUMBL sold its brand and technology assets to WSCG for $20,000,000 in stock and cash. WSCG will focus on real estate and blockchain tokenization using HUMBL's technology. HUMBL shareholders will maintain investment exposure through equity stake in WSCG.
HUMBL, Inc. (OTC: HMBL) has been issued U.S. Patent No. 12,118,613 by the USPTO for a "System and Method for Transferring Currency Using Blockchain". The patent, formally issued on October 15, 2024, has potential applications in digital wallets, exchanges, banks, financial services, remittance, and more.
The patented system utilizes a user device and blockchain ledger, enabling communication between digital wallets and currency accounts for deposits. Each transaction is assigned an ID and recorded on the blockchain. CEO Brian Foote expressed appreciation for the USPTO's thorough review and emphasized the company's commitment to advancing blockchain technology in the U.S.
HUMBL, a digital technology platform, has renewed its partnership with the Oregon Blackbears to expand their digital ticketing program. This initiative leverages HUMBL's verified profiles and new digital technologies, aiming to enhance the fan experience by improving ticket cost, transparency, and digital authenticity. The program will integrate advancements in digital wallets and blockchain technology for future 2024 home games, providing fans with secure and authentic ticketing and merchandise options.
HUMBL (OTC: HMBL) announced a significant reduction in its stockholders' deficit by over $33 million since the end of 2022. As of March 31, 2024, the deficit was reduced from $35,289,568 to $1,809,551. This achievement was attributed mainly to the conversion of debt into equity, cost negotiation with vendors and service providers, and streamlining the budget to reduce cash burn and operating expenses. CEO Brian Foote highlighted the company's commitment to cleaning up its balance sheet and improving financial health, emphasizing these efforts as top priorities over the past years.