AVENTURA, Fla., March 22, 2022 (GLOBE NEWSWIRE) -- Life Clips, Inc. (OTC Pink: LCLP) (the “Company”) today announced its Belfrics Group, one of India’s early adopters of blockchain and cryptocurrency, has added 14 new crypto currencies to its exchange, as a result of increasing demand from its customers. The new coins that have been added are – (in alphabetic order) Bitshiba, Chainlink, Dai, Dogecoin, DYDX, Fantom, OMG Network, OX, Pax Gold, Polygon, Solana, Uni Coin, USD Coin and Wrapped Bitcoin. Belfrics Group follows a rigorous scrutinization process before adding new coins to ensure the safety of investors. Following this process, Belfrics tested the coins on its exchange prior to adding them permanently.
Praveen Kumar, Founder and CEO of Belfrics Group, said, “The move to add these 14 new digital assets comes on the back of growing demand from our existing customers. This is also a part of our larger strategy to launch over 200 phygital centers across India. Our focus is to cover the tier 2 & 3 markets of India which would give us access to a wide range of customers who are looking at trading in multiple crypto currencies.”
In addition to a spot exchange where cryptocurrency itself is traded, Belfrics also offers a forex and cryptocurrency derivatives platform. Belfrics seeks to provide exchange and trading platforms that comply with all regulatory, AML and KYC requirements in each of the jurisdictions where they operate and to provide access to cryptocurrency in areas traditionally underserved by technology.
Life Clips CEO, Robert Grinberg, commented, “The addition of these new coins will allow Belfrics Group to expand its global presence significantly. While we always urge investors to do proper research before investing in any crypto currency, Belfrics primary objective is to list coins which we believe would sustainable over the long-term.” Mr. Grinberg continued, “India is at a fairly nascent stage, as far as the crypto currency ecosystem is concerned, and we believe the crypto sector see tremendous growth in the near future. Belfrics is strategically placed to be a part of India’s crypto growth story and these coin additions would help expedite our overall growth in the country.”
About Us
Life Clips is the parent company of Belfrics Global and Cognitive Apps Software Solutions Inc. Belfrics Global is a Malaysian based blockchain provider and cryptocurrency exchange and platform that is licensed and regulated by Labuan Financial Services Authority (LFSA), Malaysia. With 10 operational offices in 8 countries, Belfrics’ multi-feature trading platform offers digital assets, cryptocurrencies, and crypto derivative contracts to its clients. Belfrics blockchain has been recognized by Gartner as being a top 10 blockchain in terms of real-world projects and has received a patent for its Belrium KYC verification System (BKVS) by the Nigerian patent authority. Cognitive Apps is disrupting the space of mental health with its speech-based, AI-powered mental health analytics platform that empowers businesses to measure, understand, and improve the mental well-being of their employees, patients, and customers. Aiki delivers CBT and IPT therapies using a chatbot which and includes the voice analysis solution that takes in other health data from Apple and Google HealthKit to make a more accurate analysis of one’s mental health. Aiki was developed to capitalize on the trend towards artificial intelligence platforms utilized by individuals and companies to raise awareness of employees’ mental health. Cognitive Apps is developed by a team of licensed psychotherapists that makes use of vocal biomarkers to screen for early signs of mental health conditions, such as stress and depression. Aiki is available on Apple‘s App Store.
For more information on Life Clips visit www.lifeclips.com
For more information on Belfrics Global visit www.belfricsgroup.com
For more information on Cognitive Apps Software Solutions visit https://cogapps.com
Forward-Looking Statement Disclaimer
This press release contains “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. Such statements may be preceded by the words “intends,” “may,” “will,” “plans,” “expects,” “anticipates,” “projects,” “predicts,” “estimates,” “aims,” “believes,” “hopes,” “potential” or similar words. Forward-looking statements are based on certain assumptions and are subject to various known and unknown risks and uncertainties, many of which are beyond the Company's control, and cannot be predicted or quantified and consequently, actual results may differ materially from those expressed or implied by such forward-looking statements: (i) the initiation, timing, progress and results of the Company’s research, manufacturing and other development efforts; (ii) the Company’s ability to advance its products to successfully complete development and commercialization; (iii) the manufacturing, development, commercialization, and market acceptance of the Company’s products; (iv) the lack of sufficient funding to finance the product development and business operations; (v) competitive companies and technologies within the Company’s industry and introduction of competing products; (vi) the Company’s ability to establish and maintain corporate collaborations; (vii) loss of key management personnel; (viii) the scope of protection the Company is able to establish and maintain for intellectual property rights covering its products and its ability to operate its business without infringing the intellectual property rights of others; (ix) potential failure to comply with applicable health information privacy and security laws and other state and federal privacy and security laws; and (x) the difficulty of predicting actions of the government and its regulations. All forward-looking statements included in this press release are made only as of the date of this press release. The Company assumes no obligation to update any written or oral forward-looking statement unless required by law.
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