- Follows on the Company's December 2021 announcement that it had concluded its initial period of rigorous testing of the MoneyClip app ("MoneyClip") in partnership with early users and launched a critical growth phase.
- The introduction of this feature is the first step in the evolution of MoneyClip toward traditional finance offerings powered by blockchain and DeFi infrastructure.
VANCOUVER, BC, Feb. 7, 2022 /CNW/ - Wellfield Technologies Inc. (TSXV: WFLD) (FRANKFURT: K8D) (the "Company" or "Wellfield"), is pleased to announce that it has introduced a cash balance incentive feature to MoneyClip. This functionality is the first milestone along a roadmap designed to transform MoneyClip into a full-service financial application that provides the best-in-class user experience - built for Canadians, adherent with local regulation, and powered by blockchain and DeFi infrastructure to give users control and flexibility over their money.
Chanan Steinhart, Founder of MoneyClip and Chief Strategy and Business Development Officer of Wellfield commented, "Our vision for MoneyClip is to build it into the ultimate everyday financial application powered by blockchain, with a consistent focus on delivering value for users. Part of the promise of DeFi is that it can offer consumers the same products and services they are used to in the world of traditional finance, but with a better user experience. Savings and transaction accounts are the hubs that link most consumer's financial lives together. The addition of a balance incentive feature to MoneyClip is the first milestone in our journey to build MoneyClip into an application that works for the way people live – offering easy access to, and control over their money, and paying them while they wait. This is also expected to support our efforts to grow MoneyClip's user base as we launch awareness programs through 2022 and introduce new features."
About Wellfield Technologies
Wellfield is focused on unlocking the power of decentralized finance (DeFi) by building open and accessible decentralized protocols and also blockchain based consumer products. Seamless - the Company's protocol layer brand - focuses on solutions that enhance and optimize liquidity in the Ethereum ecosystem, make Bitcoin compatible with DeFi, and enable decentralized cross blockchain exchange. MoneyClip - Wellfield's application layer brand - is powered by DeFi to enhance everyday financial products and make money work for the way people live.
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