Life Clips, Inc. - LCLP STOCK NEWS

Life Clips (OTC Pink: LCLP) reported over $1.5 billion in exchange volume, reflecting a significant year-over-year increase in revenue. Belfrics, its subsidiary, operates a spot exchange for trading cryptocurrencies like Bitcoin and its own coin, Belrium. Belfrics also launched a forex and crypto derivatives platform in collaboration with Hybrid Solutions, enhancing trading options. CEO Robert Grinberg noted the potential for increased user engagement. The company adheres to regulatory requirements, aiming to provide cryptocurrency access in underserved areas.

Life Clips, Inc. (OTC Pink: LCLP) announced a virtual Annual Meeting of Shareholders set for March 29, 2022, at 4:30 PM EST. Unlike traditional meetings, there will be no proxy solicitation or voting. An Information Statement on Schedule 14C will be filed to announce the election of directors. Shareholders can submit questions by February 15, 2022. CEO Robert Grinberg emphasized that this format allows for direct engagement with shareholders to discuss company developments and accomplishments.

Life Clips announces the expansion of its BelfricsBT subsidiary's BelYo platform, enhancing the management of healthcare data through blockchain technology. Initially focused on COVID certificates, BelYo will now facilitate the secure sharing of diverse healthcare data, ensuring privacy and access control. The global market for blockchain in healthcare is projected to reach USD 1.19 billion by 2028, growing at a CAGR of 61.3%. The platform is designed to improve data interoperability and protect patient information, aiming to revolutionize how healthcare records are managed.

Life Clips (LCLP) has entered into an exclusive licensing agreement with Software Research Labs for the XOTIC cryptographic system, aimed at enhancing the security of Belfrics' blockchain. XOTIC, a quantum-resistant cipher, provides robust encryption with real-time data processing. Unlike standard AES-256 encryption, XOTIC's ciphers can yield false positives, reducing vulnerability to brute-force attacks. This strategic move positions Belfrics at the forefront of blockchain security, enhancing user trust and asset protection in an increasingly digital landscape.

Life Clips (OTC Pink: LCLP) announced the hiring of Najmal Ahmed as Head of Dubai Operations for its subsidiary, Belfrics, which aims to expand its Belrium Blockchain in Dubai. Ahmed previously held a senior role at NOW Money and has extensive experience in the financial services sector. Belfrics operates in 10 offices across various countries and is regulated by the Labuan Financial Services Authority in Malaysia. This strategic hire is expected to strengthen Belfrics' presence in the UAE's financial hub, enhancing customer relationships and driving business growth.

Life Clips (LCLP) has partnered with the Maharastra Information Technology Support Centre (MITSC) to promote BelfricsBT blockchain technology in Maharastra, India. The collaboration aims to target large institutions and government bodies requiring scalable enterprise solutions. BelfricsBT will manage technology development and provide support, while MITSC will facilitate business development in the region. The initial product is CrediBel, a digilocker for educational certificates. This agreement is poised to enhance BelfricsBT's market presence and revenue in India.

Life Clips (OTC Pink: LCLP) announced a partnership between its subsidiary BelfricsBT and Bluewave International to explore blockchain applications in supply chain management and other sectors. This collaboration aims to enhance transparency, traceability, and efficiency in various industries across Africa. With blockchain's potential to transform supply chains and address ongoing global disruptions, the partnership could play a significant role in optimizing operations for governments and businesses. Both companies aim to drive innovation while aligning with the 4th Industrial Revolution.

Life Clips, Inc. (LCLP) reports its Belfrics subsidiary generated over $2 million in revenue and a total trading volume of $1.5 billion in Q4 2021. The subsidiary, in collaboration with Hybrid Solutions, launched Forex and crypto derivatives trading across multiple platforms, enhancing its operational capabilities. CEO Robert Grinberg highlights Belfrics’ exceptional start and anticipates ongoing growth in 2022. Belfrics CEO Praveen Kumar expresses satisfaction with the revenues and emphasizes continuous improvement in user experience, including upcoming UI enhancements by the first week of February 2022.

Life Clips (OTC Pink: LCLP) announced Belfrics Belrium's launch on the VinDAX Exchange, expanding its reach in the Asian market. The VinDAX Exchange, operational since March 2019, supports over 1.5 million users globally (excluding the U.S. and Canada) and facilitates high-volume cryptocurrency trading with a notable 24-hour trading volume of $66.69 million. The listing is expected to enhance brand recognition, stimulate trading volume, and contribute to price stability for Belrium.