It doesn’t matter who you are – achieve 19,000% gains, and you’ll raise a few eyebrows. That’s what TSNP stock – now trading under OTCMKTS: TSNPD (and as OTCMKTS: HMBL from March 26 onward) – has achieved in recent months.
However, the financial press has primarily focused on the stock’s meteoric rise. So, what makes Tesoro Enterprises (soon to be HUMBL) an intriguing blockchain play? In this post, we’ll talk about this firm’s innovations and advantages.
It Allows Crypto ETF Investing
To reference a played-out meme: “Crypto: so hot right now!” But there’s no denying it – with institutional buy-in growing and inflation fears rising, cryptocurrency has entered the mainstream. As a result, BTC has rallied more than 875% YoY. ETH has experienced a similar surge, shooting up over 1,300% from last March.
But while crypto investors have experienced dizzying gains recently, volatility is this asset’s Achilles Heel. On any given day, the price of these equities can experience 5-10% swings. They can correct without warning, with plunges of 20%-40% common. And in their history, there have been at least six crashes of 50% or more.
For this reason, many retail investors are wary of investing in cryptocurrency. However, HUMBL is addressing this concern by offering crypto ETFs. Now, it’s true that they cannot offer this service in the United States – yet. But, they are in good standing in more than 100 countries – in these places, people can buy into these funds through their brokerage firm.
So far, feedback has been positive. HUMBL has diversified the holdings of these products across a wide range of blockchain plays. Additionally, HUMBL’s proprietary AI re-balances these holdings on a continual basis. This further decreases risk while reducing costs.
There are Gaps in Digital Payment Coverage Abroad
At present, the global payments marketplace is a mess. Western Union & Moneygram dominate in cash pickup dominant markets like Africa, while Venmo has a solid hold on the American mobile-to-mobile payments market.
As you skip borders, things can get inconvenient very quickly. For instance, Moneygram doesn’t have the mobile-to-mobile transfer functionality that Venmo has, and you can’t initiate international cash transfers with Venmo.
HUMBL plans on smoothing over these gaps. Right now, they are deliberately focusing on overseas markets, where more of these inequities exist. By doing this, they are positioning themselves to become the superior option for shopping, receiving, and sending money.
HUMBL Plans on Delivering True P2P Cash/Crypto Transfers
Since time immemorial, banks have been the ultimate gatekeeper. Think about it – unless you plan on stashing your entire life savings in your mattress, you need these institutions to keep your money safe. As a result, they get away with charging ridiculous fees, offering little (if any) interest, and treating you like garbage.
Wouldn’t it be nice if you could cut them out of the equation? That’s the promise of blockchain-driven P2P transfers, which is the system HUMBL Pay is built on. In a sense, they are like AliPay, Google Pay and Apple Pay – they don’t hold your money. Instead, they merely facilitate your transactions.
But, unlike these players, they don’t move cash from one bank account to another. Instead, they move cryptocurrencies/stablecoins across the blockchain from one e-wallet to another. Lastly, Google/Apple Pay doesn’t support crypto transfers. Conversely, HUMBL Pay allows both crypto and fiat (stablecoins) transactions.
HUMBL Transactions Settle Faster Than Fiat (& 40x Faster Than BTC)
Life moves faster than it ever has – nobody has time for delays of any kind. In the beginning, BTC held promise, but because its transactions take forever to process, it has failed to uproot fiat currency as a payment method.
In truth, BTC transactions are faster than card payments. The latter can take days to settle, whereas a BTC transaction takes only ten minutes. Here’s the issue – fiat payment systems occupy a trusted position in the marketplace and BTC doesn’t.
Because of this, merchants release your product instantly, despite the fact it can take up to 3-5 business days for them to get paid. Meanwhile, when you pay with BTC, you’re left waiting for what feels like an eternity.
HUMBL Pay solves this problem by using Digibyte, or DGB. DGB is a cryptocurrency that completes transfers in a brisk 15 seconds. DGB also enjoys a greater degree of liquidity than BTC. There can only ever be 21 million BTC – meanwhile, DGB has a ceiling of 21 billion DGB. As a result, DGB may become the digital currency that BTC can never be.
The First Payment Processor to Exploit the Potential of Web 3.0
Think the web is maturing? Buckle up – things are about to get even weirder. Web 1.0 built out the infrastructure that made basic web pages possible. Then, Web 2.0 gave rise to social networks and e-commerce, revolutionizing communications, marketing, and the way we buy things.
Now, we’re on the cusp of Web 3.0. Decentralized networks, artificial intelligence, and IoT devices will all drive this revolution. However, blockchain will be the train tracks upon which these advances will ride. Thanks to its verifiable and open nature, “trusted third parties” will become a thing of the past.
HUMBL may become the first payment facilitator to make full use of Web 3.0 capabilities. Thanks to its “trustless” networks, end-users will be able to make the world’s first legit P2P asset trades.
HUMBL is Not Your Typical OTC Stock
HUMBL may be on the OTC markets, but they don’t behave like an OTC firm. They hold regular investor calls, meet NASDAQ-level reporting requirements, and have been actively reducing the number of outstanding shares. All are actions that few Pink Sheet firms bother to take.
Thus far, they’ve engaged with investors and business partners with a high degree of professionalism. It’s true most penny stocks fail to achieve long-term success. So far, though, it appears HUMBL may prove to be one of the few exceptions.
