Life Clips Subsidiary BelfricsFX Offers Enhanced Onboarding Experience for Leveraged Forex Instruments and Crypto Derivative Contracts in 8 Countries

AVENTURA, Fla., Jan. 14, 2022 (GLOBE NEWSWIRE) — Life Clips, Inc. (OTC Pink: LCLP) today announced that its subsidiary BelfricsFX (the “Company”) has improved its onboarding experience for instruments Leveraged Forex and Crypto Derivatives Contracts to its clients in 8 countries.

BelfricsFX management believes that a quality client onboarding experience is essential to long-term growth. As a result, the Company has listened to its customers and taken steps to meet the needs and desires of retail merchants. By improving the digital customer onboarding experience for its clients, BelfricsFX expects to effectively support its rapidly growing customer base that trades cryptocurrencies, Forex and cryptocurrency derivatives.

The UI/UX (User Interface/User Experience) of the BelfricsFX apps available on both Google Play (Android) and the Apple App Store has been updated to meet growing demand and expectations and current customer requirements. UI/UX is a crucial aspect of the BelfricsFX mobile app, providing an amazing user interface and experience that makes the app more interactive and engaging.

In a press release dated September 29, 2021, Belfrics International Limited (Labuan) Malaysia, which holds a money broker’s license from the Labuan Financial Services Authority, announced that it will be listing leveraged Forex instruments and crypto derivative contracts to its clients on Saturday, October 2. , 2021. Since then, BelfricsFX has rolled out its offering of Leveraged Forex Instruments and Crypto Derivative Contracts to its clients in Malaysia, Singapore, India, Kenya, Tanzania, Nigeria, Bahrain and the Emirates United Arabs. BelfricsFX is a digital asset trading platform that uses a mandated KYC component to identify and verify its users. BelfricsFX proprietary Belrium KYC verification system is used for the KYC identification and verification process for BelfricsFX. Life Clips plans to update investors on the volume of leveraged Forex instruments and crypto derivative contracts over the coming week.

Praveen Kumar, CEO and Founder of Belfrics, said, “The CRM platform is central to all of our customer onboarding efforts. As BelfricsFX expanded to multiple jurisdictions, these changes needed to be reflected on the CRM. Strict regulations and compliance protocols by global regulators mean different limits on leveraged trading, various KYC requirements and a list of prohibited assets for trading, depending on the country concerned. The need to meet expectations customers while meeting regulatory and business requirements is a challenge for any organization. We are confident that our customers will be satisfied. »

Robert Grinberg, CEO of Life Clips, said, “Intrinsically, crypto was meant to be less transparent than other transactions. BelfricsFX makes every effort to follow the same KYC guidelines as other similar financial platforms. Mr. Grinberg continued, “Transforming the customer onboarding process is a top priority for large enterprises around the world. BelfricsFX intends to set a new standard for customer experience, speed of integration and operational excellence in the markets it serves.

About Us

Life Clips is the parent company of Belfrics Global and Cognitive Apps Software Solutions Inc. Belfrics Global is a Malaysian blockchain and cryptocurrency exchange and platform provider that is authorized and regulated by the Labuan Financial Services Authority ( LFSA), Malaysia. With 10 operational offices in 8 countries, Belfrics’ multi-function trading platform offers digital assets, cryptocurrencies and crypto derivative contracts to its clients. The Belfrics blockchain has been recognized by Gartner as one of the top 10 blockchains in terms of actual projects and has been awarded a patent for its Belrium KYC Verification System (BKVS) by the Nigerian Patent Authority. Cognitive Apps is disrupting the mental health space with its speech-based, AI-powered mental health analytics platform that enables companies to measure, understand and improve mental wellbeing of their employees, patients and customers. Aiki offers CBT and IPT therapies using a chatbot that includes the Yuru voice analysis solution that takes into account other health data from Apple and Google HealthKit to perform a more accurate analysis of one’s health mental. Aiki was developed to capitalize on the trend towards artificial intelligence platforms being used by employers to raise awareness about employee mental health. Yuru from Cognitive Apps is a 3-in-1 tool developed by a team of licensed psychotherapists that uses voice biomarkers to screen for early signs of mental health issues, such as stress and depression. Yuru is available on the Apple App Store.

For more information on Life Clips, visit www.lifeclips.com
For more information on Belfrics Global, visit www.belfricsgroup.com
For more information on cognitive applications software solutions, visit https://cogapps.com

Disclaimer of 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 prefaced by the words “intends”, “may”, “will”, “expects”, “expects,” “anticipates,” “projects,” “predicts,” “estimates,” “aims,” “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, therefore, actual results may differ materially from those expressed. or implied by such forward-looking statements: (i) the initiation, timing, progress and results of the Company’s research, manufacturing and development efforts; (ii) the Company’s ability to advance its products to complete their development and commercialization; (iii) the manufacture, development, marketing and market acceptance of the Company’s products; (iv) lack of sufficient financing to fund product development and commercial operations; (v) competitive businesses and technologies within the Company’s industry and the introduction of competing products; (vi) the Company’s ability to establish and maintain business collaborations; (vii) loss of key management personnel; (viii) the extent of protection the Company is able to establish and maintain for the intellectual property rights covering its products and its ability to operate its business without infringing the intellectual property rights of others; (ix) potential non-compliance with applicable health information privacy and security laws and other state and federal privacy and security laws; and (x) difficulty in predicting government actions and regulations. Any forward-looking statements included in this press release speak 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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