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Such factors include, but are not limited to: compliance with extensive government regulations domestic and foreign laws and regulations adversely affecting the Company's business and results of operations the impact of COVID-19 the decentralized finance industry generally, in Canada and abroad and general business, economic, competitive, political and social uncertainties. Known and unknown risks, uncertainties, and other factors which may cause the actual results and future events to differ materially from those expressed or implied by such forward-looking information. Although the Company believes that the expectations reflected in such forward-looking information are reasonable, it can give no assurance that the expectations of any forward-looking information will prove to be correct. In disclosing the forward-looking information contained in this press release, the Company has made certain assumptions. Forward-looking statements in this news release include statements regarding the Company's success in launching the protocols and other technologies and utilities discussed herein. Any statement that discusses predictions, expectations, beliefs, plans, projections, objectives, assumptions, future events or performance (often but not always using phrases such as "expects", or "does not expect", "is expected", "anticipates" or "does not anticipate", "plans", "budget", "scheduled", "forecasts", "estimates", "believes" or "intends" or variations of such words and phrases or stating that certain actions, events or results "may" or "could", "would", "might" or "will" be taken to occur or be achieved) are not statements of historical fact and may be forward-looking information. All statements, other than statements of historical fact, are forward-looking information and are based on expectations, estimates and projections as at the date of this news release. This press release contains statements that constitute "forward-looking information" ("forward-looking information") within the meaning of the applicable Canadian securities legislation.
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Mone圜lip - Wellfield's application layer brand - is powered by DeFi to enhance everyday financial products and make money work for the way people live.Ĭautionary Notice on Forward-Looking Statements 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. Wellfield is focused on unlocking the power of decentralized finance (DeFi) by building open and accessible decentralized protocols and also blockchain based consumer products. This is also expected to support our efforts to grow Mone圜lip's user base as we launch awareness programs through 2022 and introduce new features." The addition of a balance incentive feature to Mone圜lip is the first milestone in our journey to build Mone圜lip 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. Savings and transaction accounts are the hubs that link most consumer's financial lives together. 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. This functionality is the first milestone along a roadmap designed to transform Mone圜lip 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.Ĭhanan Steinhart, Founder of Mone圜lip and Chief Strategy and Business Development Officer of Wellfield commented, "Our vision for Mone圜lip is to build it into the ultimate everyday financial application powered by blockchain, with a consistent focus on delivering value for users.
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(TSXV: WFLD) (FRANKFURT: K8D) (the " Company" or " Wellfield"), is pleased to announce that it has introduced a cash balance incentive feature to Mone圜lip. 7, 2022 /CNW/ - Wellfield Technologies Inc. The introduction of this feature is the first step in the evolution of Mone圜lip toward traditional finance offerings powered by blockchain and DeFi infrastructure. Follows on the Company's December 2021 announcement that it had concluded its initial period of rigorous testing of the Mone圜lip app (" Mone圜lip") in partnership with early users and launched a critical growth phase.
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