Life Clips Subsidiary Belfrics Selects Coincover Technology To Secure Its Customer’s Crypto Assets - Seite 2

Praveen Kumar, founder & CEO at Belfrics Global, said, “Crypto continues to gain acceptance globally and adoption is accelerating in India. With 1.38 billion people, India holds the potential for significant growth in the next few years. Coincover enables us to better attract potential crypto investors by reducing uncertainty and risk. We believe this reassurance will draw a whole new category of investors to cryptocurrency in India.”

One of the primary concerns among investors is to make sure their assets are protected on the platform. Like other financial institutions, regulated exchanges are required to segregate clients’ and firms’ assets. Clients’ assets including digital assets are stored on separate accounts and wallets, under an associated entity, owned by the exchange.

Life Clips CEO Robert Grinberg said, “Assets such as cash, bonds or stocks are usually held by third-party custodian’s such as a bank. However, this is not the case for digital assets. Crypto such as Bitcoin, Ethereum, and Belrium are much different from traditional assets. They are built on blockchains and managed through private keys. The protection of our clients' assets will always be one of our top priorities. This agreement with Coincover Technology provides Belfrics’ customers with an extra layer of protection."

About Life Clips

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 that is licensed and regulated by Labuan Financial Services Authority (LFSA), Malaysia. With 10 operational offices in 8 countries, Belfrics’ multi-feature trading platform offers digital assets, cryptocurrencies, and crypto derivative contracts to its clients. Belfrics blockchain has been recognized by Gartner as being a top 10 blockchain in terms of real-world projects and has received a patent for its Belrium KYC verification System (BKVS) by the Nigerian patent authority. Cognitive Apps is disrupting the space of mental health with its speech-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 which and includes the Yuru voice analysis 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 utilized by employers to raise awareness of employees’ mental health. Cognitive Apps’ Yuru is a 3-in-1 tool developed by a team of licensed psychotherapists that makes use of vocal biomarkers to screen for early signs of mental health conditions, such as stress and depression. Yuru is available on Apple‘s App Store.