Intellabridge Technology Corporation announced that the Company is planning to launch Kash 2.0, an impact finance product providing customers with savings, payments and investments as its core application modules powered by web3 and integrated cashback solutions. With Kash 2.0, the Company plans to integrate impact finance into financial transactions of each application module, from Web3 savings, trading and investments to debit card payments on the Mastercard network. Kash helps to expand the tools for customers to drive change beyond traditional philanthropy, while leveraging innovative web3 technologies to help maximize the impact.

The Kash Payments module integrates traditional debit cards with innovative cashback solutions through Web3 integrations and fintech partnerships, to provide customers with one of the highest cashback rates on the market generating automated impact benefits. Strategic partnerships will be announced over the next weeks and months prior to launch in March 2023. The Kash Savings module will be based on the KASH USDC stablecoin which is designed to make it easy for anyone to earn cashback on Circle's stablecoins: USD Coin and Euro Coin, without the complexity of having to transfer stablecoins into multiple decentralized money markets.

Since KASH USDC is easily transferable just like USDC, it can also be used for payments, remittance, and other financial services that want to benefit from a cashback solution. Furthermore, holders of KASH USDC would have the option to automatically donate their cashback to charitable organizations based on the United Nations Sustainable Development Goals, adopted as a universal call to action to end poverty and protect the planet, and ensure that all people enjoy peace and prosperity, in line with the Company's vision to provide a platform for environmental and social investing and a mission to make every financial transaction have a positive impact. The Kash Investments module is a decentralized exchange which combines integrated web3 self- custody wallets, an order book with aggregated exchange liquidity, customer support, social financial investment tools, and biometric security to provide customers with a comprehensive web3 trading solution.

The Company is planning to launch an Alpha version of the product in December 2022. The objective of the Alpha version is to pilot and process transactions in advance of a tested and audited live release in March 2023.