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Life Clips, Inc. (OTC Pink: LCLP) announced enhancements to its subsidiary BelfricsFX's onboarding for Leveraged Forex Instruments and Crypto Derivative Contracts, serving customers in 8 countries. The company emphasizes a quality client onboarding experience to foster long-term growth, responding to retail traders' needs. Updates to the UI/UX in BelfricsFX apps aim to enhance user engagement. The firm plans to update investors on trading volumes soon. BelfricsFX adheres to strict KYC regulations to ensure compliance and customer satisfaction.
Life Clips announced its subsidiary Belfrics will implement a Blockchain and machine learning health information system at the Bela Risu Foundation in Nairobi, Kenya, starting this month. This system aims to enhance patient and hospital management for cleft lip and palate surgeries, a significant healthcare service in East and Central Africa. The Belfrics Belyo platform is scalable, previously used for COVID data management in India, and recognized by Gartner as a top blockchain. This initiative aligns with Kenya's Vision 2030 for universal healthcare, marking a potential shift in healthcare management through blockchain technology.
Life Clips, Inc. (OTC Pink: LCLP) announced plans to expand its Belfrics subsidiary's office and workforce in Bangalore, India. This expansion is driven by the rapid growth of India's cryptocurrency market, which has surged 600% in the last year. Belfrics anticipates that up to 30% of its monthly revenue will originate from India. This new office represents Belfrics' largest facility among its global locations and reflects the company's commitment to the Indian market. CEO Praveen Kumar emphasized the office's advanced technology and supportive work environment.
Life Clips, Inc. (LCLP) announced a partnership between its subsidiary Belfrics and UK-based THRESH0LD, enhancing security for digital asset trading. This collaboration introduces Multi-Party Computation (MPC) technology, eliminating private key risks and lowering transaction costs. Belfrics, which launched its Indian exchange in November 2021, is expanding its operations across several countries. Both parties aim to foster widespread adoption of crypto services, with THRESH0LD supporting over 29 blockchains. The partnership is expected to drive new revenue opportunities and improved security for Belfrics clients.
Life Clips, Inc. (LCLP) announced a strategic partnership with BelfricsBT and Chennai City Football Club to create a hybrid blockchain solution leveraging NFTs in India’s $796 million sports industry. The Memorandum of Understanding (MoU) aims to empower sports clubs to manage digital assets and revenue streams through NFTs, enhancing operations and player valuation. The collaboration signifies the increasing adoption of blockchain technology in the sports sector, with BelfricsBT projecting significant revenue opportunities for sports clubs. The global sports ecosystem for blockchain is valued at $22 billion.
Life Clips, Inc. (LCLP) announced recent acquisitions and strategic developments in its Letter to Shareholders. The company acquired Cognitive Apps, enhancing its portfolio in AI healthcare solutions, and Belfrics, a cryptocurrency platform. Cognitive Apps' AIKI tool is in Phase 2 of development, targeting marketing and user growth in 2022. Belfrics, regulated in Malaysia, expects significant revenue from its cryptocurrency exchange as the market expands, especially in India. Life Clips also completed a $5 million Reg A offering, stating intentions for future fundraising while minimizing shareholder dilution.
Life Clips (OTC Pink: LCLP) announces that Belfrics India is launching the #InvestmentMatlabBelfrics marketing campaign featuring famous celebrities like Rashi Khanna and Vikrant Massey. This initiative aims to simplify cryptocurrency trading through its advanced platform, offering zero trading fees with the Belfrics Pro plan.
Belfrics also plans to expand its tech team and open 200 crypto centers in India to meet market demand. The campaign coincides with rising interest in crypto, as over 100 million Indians now own digital assets.
Life Clips (OTC Pink: LCLP) announced that Belfrics India selected Coincover’s Consumer Protect technology to secure client crypto assets. With over 100 million crypto owners, India leads globally in cryptocurrency ownership, with a 30% increase in transaction volume over the past year. Coincover offers insurance-backed protection against cyber threats, aiming to enhance investor confidence. The crypto market is projected to grow from $3 billion in 2020 to $39.7 billion by 2025. This partnership aims to solidify Belfrics' competitive edge in India’s expanding crypto landscape.
Life Clips (OTC Pink: LCLP) announced the launch of Belfrics Belrium on the LBank exchange, paired with USDT. LBank, a leading digital asset exchange with over 4.8 million users and $1 billion in daily trading volume, aims to enhance Belfrics Belrium's adoption, particularly in the Chinese market. The listing is expected to stabilize pricing and promote long-term growth. Key dates include deposit on December 2, trading commencement on December 3, and withdrawals starting December 4.
Life Clips (OTC Pink: LCLP) announces that its subsidiary, Belfrics Group, will open 200 independently owned physical crypto centers in India within the next six months. This expansion aims to meet the growing demands of the Indian cryptocurrency market.
Initially, over 20 centers will operate under a revenue sharing model, managed by well-respected local business owners. The initiative seeks to enhance local brand presence and build a significant sales network throughout India.
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