MoneyClip can be downloaded at CanadaFor iOS and Android users. The app currently offers P2P payment capabilities, and Wellfield has a multi-year plan to add features aimed at making Money Clip the user’s primary financial interface. Wellfield leverages smart contracts and other DeFi infrastructure built by the company’s seamless brand and is currently available to Canadian consumers only through traditional channels through partnerships and integrations with third parties in the DeFi ecosystem. We look forward to offering enhanced versions of our financial products and services.
Management commentary
Chanan Steinhart, Founder of MoneyClip, Chief Strategy and Business Development Officer of Wellfield “The latest round of user research and testing has seen significant changes in Gen Z demographics. Like this spring, most people saw blockchain as a high-risk, speculative ecosystem. Many people are now aware of blockchain and DeFi. Attractive and sustainable economic as a legitimate global financial system where parents are starting to offer products and services they receive at their local branches and online. With incentives and the user experience you’d expect from a mobile-native consumer. MoneyClip’s vision is built for Canadians, compliant with local regulations, and leveraged the global DeFi market to deliver everything. Building the best full-service financial application in the world. Users have complete control and flexibility in their money. “
Mr. Steinhart “We are building MoneyClip to make Canadian money very efficient and productive. To do this, we will start a new engagement initiative in 2022 to provide better revenue and lock up. Run a development roadmap for products and services without. Easy payments, fair loans, bulletproof security – all enhanced by DeFi and blockchain infrastructure. In 2021, to support these features The core blockchain infrastructure needed for MoneyClip didn’t exist, but thanks to Wellfield’s seamless brand IP and recent developments by other peers in the field, our vision for MoneyClip could be a reality. There is sex. ”
About Money Clip
Background
Blockchain, combined with the power of the Internet, will reinvent the world’s financial system, set aside intermediaries, eliminate friction and costs, improve security and create a decentralized financial system with the ability to increase trust. Has the power to create. The advanced infrastructure needed to create end-to-end solutions and open new avenues for decentralized financial services is just beginning to be commercialized, and like the early Internet, these networks have technologies. There are no attractive applications that relate to people’s daily lives. Today’s blockchain applications focus on speculative use cases rather than providing traditional financing solutions that leverage decentralized finance.
Vision
Wellfield built Money Clip with the vision of creating everyday financial applications that leverage blockchain. This serves as a key point for consumers to secure and spend their money. The app now offers P2P payment capabilities, and Wellfield will integrate new blockchain infrastructure when it becomes available to give consumers access to all kinds of DeFi and traditional financial services. We have a multi-year plan to offer.
The solution provided through the app is enhanced by a decentralized protocol developed in-house by our wholly owned subsidiary Seamless Logic Software Limited (“Seamless”) and other partnerships and integrations with third parties in the DeFi ecosystem. It has been.
About Wellfield Technologies
Wellfield is focused on unleashing the power of decentralized finance (DeFi) by building open and accessible decentralized protocols and blockchain-based consumer products. Seamless (the company’s protocol layer brand) focuses on solutions that enhance and optimize the liquidity of the Ethereum ecosystem, make Bitcoin compatible with DeFi, and enable decentralized cross-blockchain exchanges. I am. Wellfield’s application layer brand, Money Clip, uses DeFi to enhance everyday financial products and make money that helps people’s lives.
Precautions
List applications created in accordance with TSXV policy (“List Applications”) are available in our SEDAR profile available at www.sedar.com and contain additional information about Wellfield.
The content of this press release is explicitly modified by the disclosure and content of the listing application, and readers are encouraged to review the listing application. Investors should be aware that the information released or received regarding Wellfield may not be accurate or complete and should not be trusted, except as disclosed in the listing application. Trading in Wellfield securities should be considered highly speculative.
TSXV has not endorsed or disapproved the content of this news release. Neither TSXV nor its regulatory service provider (the term is defined in TSXV policy) is responsible for the validity or accuracy of this release.
This news release does not constitute an offer to sell or buy securities. United States of America.. Wellfield securities have not been and will not be registered under the Securities Act of 1933 (the Securities Act of 1933) or the State Securities Act. United States of America Or to Americans unless they are registered under US securities law and applicable state securities law or tax exemptions for such registrations are available.
Precautions regarding forward-looking statements
This press release contains statements that make up “Forecast Information” (“Forecast Information”) within the meaning of applicable Canadian securities law. All statements, except historical fact statements, are forward-looking information and are based on expectations, estimates, and forecasts as of the date of this news release. Statements that describe expectations, expectations, beliefs, plans, expectations, objectives, assumptions, future events or performances (often “expect”, “not expect”, “expected”, “expect”, etc. Use the phrase, but not always) or “unexpected”, “plan”, “budget”, “plan”, “forecast”, “estimate”, “believe”, “intended”, Or a variation of such a word or phrase, or a “potential” or “potential”, “potential”, “potential” or “achieved” statement of a particular action, event or result. “) May be information about the future outlook, not a statement of historical facts. The forward-looking statements in this news release include our success in launching the protocols and other technologies and utilities described in this document. We make certain assumptions in disclosing information about the future outlook contained in this press release. We believe that the expectations reflected in such forward-looking information are reasonable, but we do not guarantee that the expectations of such forward-looking information will be proven to be correct. Known and unknown risks, uncertainties, and other factors that may cause actual results and future events may differ materially from those expressed or implied by such forward-looking information. .. Such factors include, but are not limited to: Domestic and foreign laws and regulations that adversely affect our business and results. Impact of COVID-19; Decentralized financial industry is generally Canada And abroad; and general business, economic, competitive, political and social uncertainties. Readers should note that the above list is not exhaustive. Readers are encouraged to check the list applications accessible in their company’s SEDAR profile. www.sedar.com.. Readers should also be careful not to place undue reliance on forward-looking statements. There is no guarantee that any plans, intentions, or expectations will arise in which they will be placed. Such information is considered reasonable by management at the time of creation, but may prove inaccurate and actual results may differ materially from expectations. Unless required by law, we reflect actual results, whether or not they are the result of new information, future events, changes in assumptions, or changes in such factors that affect the future. We undertake no obligation to update or revise any forward-looking information in order to do so. -Look for information etc.
Source Wellfield Technologies
For more information: Wellfield Technologies Inc., Levy Cohen, CEO, [email protected]Jonathan Ross, Investor Public Relations, [email protected], (416) 283-0178
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