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Simultaneously, Cuentas revealed plans to acquire World Health Energy Holdings, Inc. (WHEN) at a premium price of $10 per CUEN share. The acquisition has been approved by the board and is expected to be finalized by the end of 2023, pending Nasdaq and shareholder approval. Upon completion of the transaction, WHEN will become a majority-owned subsidiary of Cuentas.
Alongside these developments, Cuentas is also introducing an upgraded version of its fintech mobile application. The revised ‘Cuentas App’ will feature a library of gaming apps and a tokenized rewards program. This program will allow tokens to be shared among all users, including those on device-independent platforms, creating a unique borderless ecosystem in North America.
CEO Arik Meimoun expressed confidence in the forthcoming ‘Cuentas 360’ app, stating it surpasses any other competitive application available in the market today. Through its innovative solutions, Cuentas aims to establish an alternative financial ecosystem for individuals who lack access to traditional financial services.
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