Shares of HUMBL Inc (OTCMKTS:HMBL) continued to consolidate after the recent fall. The stock has lost 32% so far this year.
Market Reaction
On Monday, HMBL stock ended flat at $0.41 with 3.68 million shares, compared to its average volume of 5.56 million shares. The stock has moved within a range of $0.4082 – 0.4299 after opening trade at $0.41.
HUMBL Launches ACH Integration Within HUMBL Pay Mobile Wallet
Consumer blockchain company enabling simplifying blockchain use in domains such as ticketing, NFTs, and real estate, HUMBL, Inc (OTCMKTS:HMBL) on December 20, 2021, announced that ACH integration is live within the “HUMBL Pay” mobile wallet.
The new features will allow consumers to attach US bank accounts to the HUMBL Pay mobile wallet, for loading balances as well as performing multiple functions.
Consumers will be able to earn interest of 7% APY on digital assets as well as buy and send about 20 different digital assets.
HUMBL President and CEO, Brian Foote said that the company is facing two major unlocks for global blockchain adoption including simplifying blockchain use as well as connecting traditional financial institution accounts to mobile wallets.
HUMBL Pay mobile wallet now has digital assets such as BLOCKS and the BLOCK ETXs.
The firm also announced the release of “HUMBL Pay” mobile wallet, which also has upgrades to its Peer-to-Peer (P2P) functionalities. This will be available on Google Play Store and Apple App Store that users can harness for buying digital assets through credit cards, sending digital assets like BTC, ETH, and USDC between HUMBL mobile wallets.
Its technology team is working on accommodating P2P transactions across major government-issued fiat currencies. HUMBL President and CEO, Brian Foote added that the company’s mission is to create blockchain pathways for global consumers.
Traders Review
HMBL stock is trading below the 20-Day and 50-Day Moving averages of $0.46 and $0.56 respectively. Moreover, the stock is trading below the 200-Day moving average of $1.24.
