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Thursday, October 21, 2021

Life Clips Inc (OTCMKTS: LCLP) Running Northbound after Crypto Co announces Subsidiary Belfrics Goes Live Offering Crypto Derivatives and Leveraged Forex Instruments

Life Clips Inc (OTCMKTS: LCLP) is making a powerful move up the charts after the Company reported its wholly owned subsidiary Belfrics International Limited (Labuan) Malaysia, which holds a money broker license from Labuan Financial Services Authority, will go live offering Leveraged Forex Instruments and Crypto Derivative Contracts to its customers on Saturday, October 2, 2021. Belfrics’ Leveraged Forex Instruments and Crypto Derivative Contracts will be available at http://209.126.0.30/belfricsweb11/Account/Login. 

Belfrics Exchange has plans for rapid expansion. In addition to offering Leveraged Forex Instruments and Crypto Derivative Contracts, it plans to relaunch its cryptocurrency exchange in India in October and open 22 centers in various parts of the country. Belfrics Exchange is a digital asset trading platform that uses a mandated KYC component to identify and verify its users. Belfrics’ proprietary Belrium KYC Verification System is used for KYC identification and verification process for the Belfrics Exchange. Belfrics Exchange currently generates more than $10 million in daily volume by offering 15 crypto pairs to more than 35,000 customers in 12 countries. Belfrics Exchange expects to gain significant market share in the Crypto Derivative market, since there are very few competitors offering the product in the region. In addition to retail interest in Leveraged Forex Instruments and Crypto Derivative Contracts, Belfrics Exchange expects to benefit from pockets of high-volume institutional flows as a result of deep relationships with commodity brokers in many regions. 

Life Clips Inc (OTCMKTS: LCLP) is the parent company of Cognitive Apps Software Solutions Inc. and distributes single-use and cordless batteries under the Mobeego brand for use with cellular phones and other mobile devices. Cognitive Apps is an AI-Powered mental health analytics platform that empowers businesses to measure, understand, and improve mental well-being of their employees, patients and customers. Drug development for mental health disorders and other cognitive impairments is hampered by the inability to identify at risk groups before the onset of clinically significant symptoms, as well as continuous assessments on the progress made by the participants. Cognitive Apps is addressing this problem by pioneering a speech-based AI technology which could help accurately predict risk for various types of depression and mood and anxiety-based disorders years before a clinical diagnosis is obtained. Our technology can help detect and monitor subtle changes in mental state by assessing individuals more frequently and more objectively than the assessments used today. The speech and voice recognition market is expected to grow at a CAGR of 17.2% from 2019 to 2025 to reach $26.79 billion by 2025.  

Microcapdaily first reported on LCLP back on July 20 shortly after the Company had acquired Belfrics Group. The cryptocurrency market is expected to reach $8 trillion dollars by 2030, while the market for blockchain technology is expected to add $176 billion to the US GDP during the same period. Founded in 2014, the Belfrics digital exchange platform, which was fully developed in-house, is one of the most compliant platforms in the cryptocurrency industry. Supported by the proprietary technology of Belrium blockchain KYC solution, the KYC and AML process of Belfrics Exchange is well accepted by regulators globally. With 10 operational offices in 8 countries, Belfrics provides localized and personalized support to digital currency traders. Through its blockchain Academy, Belfrics provides continuous training to traders, developers and blockchain enthusiasts in more than 20 countries. Belfrics is licensed and regulated by the Labuan Financial Services Authority (LFSA) in Malaysia. 

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On September 29 LCLP announced its wholly owned subsidiary Belfrics International Limited (Labuan) Malaysia, which holds a money broker license from Labuan Financial Services Authority, will go live offering Leveraged Forex Instruments and Crypto Derivative Contracts to its customers on Saturday, October 2, 2021. Belfrics’ Leveraged Forex Instruments and Crypto Derivative Contracts will be available at http://209.126.0.30/belfricsweb11/Account/Login. 

Belfrics Exchange has plans for rapid expansion. In addition to offering Leveraged Forex Instruments and Crypto Derivative Contracts, it plans to relaunch its cryptocurrency exchange in India in October and open 22 centers in various parts of the country. Belfrics Exchange is a digital asset trading platform that uses a mandated KYC component to identify and verify its users. Belfrics’ proprietary Belrium KYC Verification System is used for KYC identification and verification process for the Belfrics Exchange. Belfrics Exchange currently generates more than $10 million in daily volume by offering 15 crypto pairs to more than 35,000 customers in 12 countries. Belfrics Exchange expects to gain significant market share in the Crypto Derivative market, since there are very few competitors offering the product in the region. In addition to retail interest in Leveraged Forex Instruments and Crypto Derivative Contracts, Belfrics Exchange expects to benefit from pockets of high-volume institutional flows as a result of deep relationships with commodity brokers in many regions. 

Belfrics is seamlessly offering Leveraged Forex Instruments and Crypto Derivative Contracts to its customers through Hybrid Solutions’ VertexFX platform. Hybrid Solutions has been serving forex brokers since 2002 with its VertexFX platform, which features advanced plugins that benefit both retail and institutional traders. The collaboration with Hybrid solutions will ensure a high-quality trading experience for Belfrics Exchange customers as trading volumes increase. Traders will be able to deploy advanced money management tools, copy trading, and auto trading strategies using the VertexFX platform plugins on desktop, web, iOS and Android platforms. 

Akram Majed, CEO of Hybrid Solutions said, “VertexFX Trader provides Belfrics Exchange customers the ability to check all open trades, the market, and pending entry orders through the trade panel in our trading platform. Positions can easily be closed by right-clicking on the position on the trader panel and add a trailing stop, or by double clicking on it. VertexFX Trader also allows users the ability to hedge selected positions, generate reports, and change appearance settings with one click.” Mr. continued, “Hybrid Solutions is grateful for the opportunity to provide Belfrics Exchange and its customers seamless access to Leveraged Forex Instruments and Crypto Derivative Contracts.” 

Belfrics CEO and Founder, Praveen Kumar said, “The Forex Market offers Belfrics Exchange and its customers tremendous opportunities, but the Crypto Derivative market provides our exchange with the opportunity to take significant market share in the space, since there are few players in the space as of yet. Offering access to these markets on our platform gives Belfrics Exchange a tremendous advantage over many of our competitors.” Mr. Kumar continued, “We have set an aggressive goal to achieve over $2 billion in monthly volumes before the end of 2021. As we relaunch our cryptocurrency exchange in India and open 22 centers in various parts of the country next month, we believe our goal is attainable.” 

Robert Grinberg, CEO and President of Life Clips, Inc. said, “We are committed to providing Belfrics Exchange and its customers access to new and innovative products, as well as access to capital for expansion. We believe Belfrics’ plan to introduce leveraged Forex instruments and crypto derivative contracts to its clients is a very timely move. Crypto derivatives have become increasingly more popular among traders, and we expect this piece of the puzzle to spark tremendous growth in Belfrics Exchange.” Mr. Grinberg continued, “We are very excited about the potential for both Belfrics Exchange and Belrium blockchain. We closed our acquisition ahead of schedule and introduced leveraged Forex instruments and crypto derivative contracts as planned. We anticipate announcing additional opportunities related to our acquisition of Belfrics Group in the near future.” 

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LCLP is making a powerful move up the charts after the Company reported its wholly owned subsidiary Belfrics International Limited (Labuan) Malaysia, which holds a money broker license from Labuan Financial Services Authority, will go live offering Leveraged Forex Instruments and Crypto Derivative Contracts to its customers on Saturday, October 2, 2021. Belfrics’ Leveraged Forex Instruments and Crypto Derivative Contracts will be available at http://209.126.0.30/belfricsweb11/Account/Login.  Belfrics Exchange has plans for rapid expansion. In addition to offering Leveraged Forex Instruments and Crypto Derivative Contracts, it plans to relaunch its cryptocurrency exchange in India in October and open 22 centers in various parts of the country. Belfrics Exchange is a digital asset trading platform that uses a mandated KYC component to identify and verify its users. Belfrics’ proprietary Belrium KYC Verification System is used for KYC identification and verification process for the Belfrics Exchange. Belfrics Exchange currently generates more than $10 million in daily volume by offering 15 crypto pairs to more than 35,000 customers in 12 countries. Belfrics Exchange expects to gain significant market share in the Crypto Derivative market, since there are very few competitors offering the product in the region. In addition to retail interest in Leveraged Forex Instruments and Crypto Derivative Contracts, Belfrics Exchange expects to benefit from pockets of high-volume institutional flows as a result of deep relationships with commodity brokers in many regions. We wil be updating on LCLP so make sure you Subscribe to Microcapdaily so you know what’s going on with LCLP.

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Disclosure: we hold no position in LCLP either long or short and we have not been compensated for this article.

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