Belfrics Group is a global blockchain technology company, licensed and regulated by the Labuan Financial Services Authority (LFSA) in Malaysia, operating cryptocurrency exchanges on its proprietary blockchain platform.
TP Global ltd is an award-winning and regulated new-age brokerage firm in Mauritius
AVENTURA, Fla., Aug. 05, 2022 (GLOBE NEWSWIRE) — Life Clips, Inc. (OTC Pink: LCLP) (the “Company”) today announced that its subsidiary Belfrics International has signed a partnership memorandum of understanding with TP Global Limited (www.tpgloballtd.com), an award-winning and regulated new-age brokerage firm in Mauritius, to offer crypto derivatives and blockchain solutions. Founded in 2014, TP Global FX Limited has its roots in the Middle East and Africa region and has recently entered the South American and Southeast Asian markets. TP Global FX plans to onboard 120,000 clients for the year 2023 and expects to hit a monthly trading volume of $1 billion in crypto derivatives by the end of 2023.
“At TP Global FX, we have always strived to innovate our services, keeping our clients’ demands center stage,” said Nitish Sharma, Global CEO of TP Global FX. Mr. Sharma continued, “With the growing demands of the crypto derivatives industry, our users needed our services more than ever. After carefully evaluating our options, we decided that partnering with Belfrics offered the best solution.
TP Global FX has offices in Europe, Africa, Mauritius, Nigeria, Armenia, Vanuatu and Dubai. The company’s mission is to become an industry leader by providing the best trading conditions to investors and traders using its state-of-the-art AI/ML based trading experience. TP Global FX’s mission is to help clients profit from their investments by providing educational and mentoring services, as well as leveraging their services from strategic partners such as Signal Services, Copy Trading and Crypto Contracts Trading . TP Global FX’s innovative approach led them to win several awards at Forex Expo Dubai 2021, in the categories “Best IB/Affiliate Program”, “Most Transparent FX Broker” and “Best FX Educational Broker”.
Natish Sharma added, “We believe crypto derivatives trading will experience massive growth as cryptocurrencies gain popularity around the world. We planned to enter the cryptocurrency ecosystem and found a competent partner in Belfrics who will not only support us in crypto liquidity, but also with blockchain solutions to expand our services to new areas.
Belfrics operates its cryptocurrency exchanges on its proprietary trading platform on its global KYC blockchain, which is authorized and regulated by the Labuan Financial Services Authority (LFSA) in Malaysia. Belfrics expects its in-house developed trading platform to comply with upcoming regulations currently being discussed by regulatory authorities. The security of the Belfrics blockchain is enhanced by Software Research Labs LLC’s XOTIC (XOR Transient Intelligent Cipher) cryptosystem. Belfrics, while Belfrics Exchange uses Coincover’s Consumer Protect technology to help protect the crypto assets of its customers. The following 25 currencies are available for trading on the Belfrics exchanges; BTC, ETH, BEL, ADA, SOL, LTC, USDT, XRP, BCH, DASH, FTM, TRX, XLM, MATIC, SHIB, UNI, OMG, ZRX, LINK, USDC, PAXG, WBTC, DODGE, DAI and DYDX.
We are proud to partner with FX broker TP Global on Belfrics crypto derivatives and blockchain solutions,” said Belfrics CEO and Founder, Praveen Kumar. “This strategic partnership is in line with our strategy to increase our B2B services, and it will support our goal of adding traders and investors to the Belfrics Exchange. We look forward to our collaboration to strengthen and promote our ability to provide global trading in digital assets, cryptocurrencies and crypto-derivative contracts, as well as our KYC-compliant blockchain solutions.”
Life Clips CEO Robert Grinberg said, “This is a big step forward for Belfrics as we are gaining new customers on both the Belfrics Exchange and our Belrium blockchain. Belfrics has the ability to expand its network by serving as an opportunity engineer and growth catalyst for other crypto and FX providers. Opportunities such as this with TP Global FX are paramount to our plan to continue to develop Belfrics’ business operations with justifiable growth plans.
Life Clips is the parent company of Belfrics Global and Cognitive Apps Software Solutions Inc. Belfrics Global is a Malaysian blockchain and cryptocurrency exchange and platform provider that is authorized and regulated by the Labuan Financial Services Authority ( LFSA), Malaysia. With 10 operational offices in 8 countries, Belfrics’ multi-function trading platform offers digital assets, cryptocurrencies and crypto derivative contracts to its clients. The Belfrics blockchain has been recognized by Gartner as one of the top 10 blockchains in terms of actual projects and has been awarded a patent for its Belrium KYC Verification System (BKVS) by the Nigerian Patent Authority. Cognitive Apps is disrupting the mental health space with its speech-based, AI-powered mental health analytics platform that enables companies to measure, understand and improve mental wellbeing of their employees, patients and customers. Aiki offers CBT and IPT therapies using a chatbot that includes the voice analysis solution that takes into account other health data from Apple and Google HealthKit to perform a more accurate analysis of his mental health . Aiki was developed to capitalize on the trend towards artificial intelligence platforms being used by individuals and businesses to raise awareness about employee mental health. Cognitive Apps is developed by a team of licensed psychotherapists who use voice biomarkers to screen for early signs of mental health issues, such as stress and depression. Aiki is available on the Apple 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
Disclaimer of Forward-Looking Statements
This press release contains “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. Such statements may be prefaced by the words “intends”, “may”, “will”, “expects”, “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, therefore, 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 development efforts; (ii) the Company’s ability to advance its products to complete their development and commercialization; (iii) the manufacture, development, marketing and market acceptance of the Company’s products; (iv) lack of sufficient financing to fund product development and commercial operations; (v) competitive businesses and technologies within the Company’s industry and the introduction of competing products; (vi) the Company’s ability to establish and maintain business collaborations; (vii) loss of key management personnel; (viii) the extent of protection the Company is able to establish and maintain for the intellectual property rights covering its products and its ability to operate its business without infringing the intellectual property rights of others; (ix) potential non-compliance with applicable health information privacy and security laws and other state and federal privacy and security laws; and (x) difficulty in predicting government actions and regulations. Any forward-looking statements included in this press release speak only as of the date of this press release. The Company undertakes no obligation to update any written or oral forward-looking statement, except as required by law.
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