- Paytechs of Canada
("Paytechs") is an association comprised of leaders in the Canadian
Fintech, payment processing, and financial sectors.
- Paytechs' mission is to drive continuous improvement and
innovation in the Canadian payments ecosystem, which is aligned
with Wellfield's multi-year plan to build its MoneyClip app into a
one-stop solution providing consumers with access to a full range
of decentralized finance (DeFi) and traditional finance
services.
TORONTO, Feb. 1, 2022
/CNW/ - Wellfield Technologies Inc. (TSXV: WFLD) (FRANKFURT: K8D)
(the "Company" or "Wellfield"), is pleased to
announce that it has joined Paytechs, a not-for-profit member
association, that acts as the definitive, harmonized voice for
technology companies operating in Canada, that hold and move money. The Company
sees integration with DeFi communities and the overall ecosystem as
a key objective for 2022 as it begins to launch solutions
under both its Seamless protocol-layer brand and MoneyClip
application-layer brand.
Management Commentary
Chanan Steinhart,
Co-founder/Board Member of Wellfield and CEO of
MoneyClip commented, "As the regulatory landscape locally
and globally continues to evolve, MoneyClip is looking for
opportunities to be an active stakeholder in regulatory discussions
and also to strengthen community relationships and leverage
collaborative opportunities with talented contributors in the
space. Paytechs of Canada has
created a strong and growing ecosystem in Canada built on a mission and goals that
strongly resonate with our own values. MoneyClip aims to provide
consumers the best possible experience and we are grateful to be a
member with Paytechs as we both seek to offer greater choice,
improve critical infrastructure and broaden access to
Canadians."
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.
Cautionary Notice on Forward-Looking
Statements
This press release contains statements that constitute
"forward-looking information" ("forward-looking information")
within the meaning of the applicable Canadian securities
legislation. 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. 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. 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. In disclosing the forward-looking information
contained in this press release, the Company has made certain
assumptions. 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. 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. 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. Readers are cautioned that the foregoing list is not
exhaustive and readers are encouraged to review the listing
application prepared in accordance with the policies of the TSXV
and other disclosure documents accessible on the Company's
SEDAR profile at www.sedar.com. Readers are
further cautioned not to place undue reliance on forward-looking
statements as there can be no assurance that the plans, intentions
or expectations upon which they are placed will occur. Such
information, although considered reasonable by management at the
time of preparation, may prove to be incorrect and actual results
may differ materially from those anticipated. Except as required by
law, the Company disclaims any intention and assumes no obligation
to update or revise any forward-looking information to reflect
actual results, whether as a result of new information, future
events, changes in assumptions, changes in factors affecting such
forward-looking information or otherwise.
The TSXV has neither approved nor disapproved the contents of
this news release. Neither the TSXV nor its Regulation Services
Provider (as that term is defined in the policies of the TSXV)
accepts responsibility for the adequacy or accuracy of this
release.
SOURCE Wellfield Technologies