- 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 a Mauritius regulated award winning new age brokerage firm
AVENTURA, Fla., Aug. 05, 2022 (GLOBE NEWSWIRE) — Life Clips, Inc. (OTC Pink: LCLP ) (the “Company”) today reported that Belfrics International subsidiary has signed an MOU partnership with TP Global Limited ( www. .tpgloballtd.com), a Mauritius-regulated award-winning, new-age brokerage firm, to provide crypto derivatives and blockchain solutions. Founded in 2014, TP Global FX Limited has its roots in the Middle East and Africa and has recently entered the South American and Southeast Asian markets. TP Global FX expects to onboard 120,000 clients for the year 2023 and expects to reach 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 the requirements of our clients at the center,” said Nitish Sharma, Global CEO, 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 was 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 offering the best trading conditions to investors and traders using its state-of-the-art AI/ML-based trading experience. The mission of TP Global FX is to help its clients profit from their investments by providing educational and mentoring services, as well as by taking advantage of their strategic partner services such as Signal Services, Copy Trading and Crypto Contracts Trading. TP Global FX’s innovative approach has seen them win several awards at Forex Expo Dubai 2021, under the categories of “Best IB/Affiliate Program”, “Most Transparent FX Broker” and “Best FX Educational Broker.”
Natish Sharma added, “We believe crypto derivatives trading will see massive growth as cryptocurrencies gain popularity worldwide. We had planned to enter the cryptocurrency ecosystem and have found a capable partner in Belfrics who will not only support us in crypto liquidity, but also with blockchain solutions to extend our services to new domains.”
Belfrics operates its cryptocurrency exchanges on its proprietary trading platform on its global KYC blockchain, which is licensed and regulated by the Labuan Financial Services Authority (LFSA) in Malaysia. Belfrics expects the self-developed trading platform to be compliant with upcoming regulations currently being discussed by regulatory authorities. The security of Belfric’s blockchain is enhanced by the XOTIC (XOR Transient Intelligent Cipher) cryptographic system from Software Research Labs LLC. Belfrics, while Belfrics Exchange uses Coincover’s Consumer Protect technology to protect customers’ crypto assets. The following 25 currencies are available for trading on Belfric’s 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 grow our B2B services and it will support our goals of adding traders and investors to Belfrics Exchange. We have high expectations for our collaboration to strengthen and advance our ability to offer global trading of digital assets, cryptocurrencies and crypto derivative contracts, as well as our KYC-compliant blockchain solutions.”
Life Clips CEO Robert Grinberg said: “This is a huge step forward for Belfrics as we gain new customers on both the Belfrics Exchange and the Belrium blockchain. Belfrics has the opportunity to expand its network by acting as the engineer of opportunity and catalyst for growth for other crypto and currency providers. Opportunities like this with TP Global FX are critical to our plan to continue building Belfrics’ business operations with sound growth plans.”
About us
Life Clips is the parent company of Belfrics Global and Cognitive Apps Software Solutions Inc. Belfrics Global is a Malaysian based blockchain provider and cryptocurrency exchange and platform licensed and regulated by the Labuan Financial Services Authority (LFSA), Malaysia. With 10 operational offices in 8 countries, Belfrics’ multi-functional trading platform offers digital assets, cryptocurrencies and crypto derivative contracts to its clients. Belfric’s blockchain has been recognized by Gartner as a top 10 real-world blockchain and has received a patent for its Belrium KYC Verification System (BKVS) by the Nigerian Patent Authority. Cognitive Apps is disrupting mental health with its voice-based, AI-powered mental health analytics platform that empowers businesses to measure, understand and improve the mental well-being of their employees, patients and customers. Aiki delivers CBT and IPT therapies using a chatbot that includes the voice analytics solution that takes in other health data from Apple and Google HealthKit to make a more accurate analysis of one’s mental health. Aiki was developed to capitalize on the trend towards artificial intelligence platforms used by individuals and businesses to raise awareness of employee mental health. Cognitive apps are developed by a team of licensed psychotherapists who use vocal biomarkers to investigate early signs of mental conditions, such as stress and depression. Aiki is available on Apple’s App Store.
For more information about Life Clips visit www.lifeclips.com
For more information on Belfrics Global visit www.belfricsgroup.com
For more information about Cognitive Apps Software Solutions, visit
Disclaimer for 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 preceded by the words “intends,” “may,” “will,” “plans,” “expects, “assumes,” ” projects”, “predicts”, “estimates”, “measures”, “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 accordingly actual results may differ materially from those expressed or implied by such forward-looking statements: (i) initiation, timing, progress and results of the Company’s research, production and other development efforts; (ii) the Company’s ability to advance its products to complete development and commercialization; (iii) production, development, commercialization and market acceptance of the Company’s products; (iv) lack of adequate equity financing to fund product development and business operations; (v) competing companies and technologies within the Company’s industry and the introduction of competing products; (vi) the Company’s ability to establish and maintain corporate partnerships; (vii) loss of key management personnel; (viii) the extent of protection the Company is able to establish and maintain for intellectual property rights covering its products and its ability to conduct its business without infringing the intellectual property rights of others; (ix) potential failure to comply with applicable health information privacy and security laws and other state and federal privacy and security laws; and (x) the difficulty of predicting government actions and its regulations. All forward-looking statements included in this press release are made 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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