Vancouver, British Columbia and Boulder, Colorado–(Newsfile Corp. – December 31, 2020) – Intellabridge Technology Corporation (CSE: INTL) (OTC Pink: CRBTF) (FSE: 98AA), a blockchain technology company, is pleased to announce that the Company has partnered with Torus Labs to integrate the Torus blockchain technology into the Intellabridge platform currently under development.
With the Torus integration, Intellabridge customers will be able to access DeFi markets in a secure single step with their Google, Facebook, Twitter, LInkedIn, WeChat, Apple or other OAuth accounts. The partnership improves the accessibility and exposure to decentralised finance for both mainstream and new users.
Intellabridge CEO, John Eagleton, explains that, “One of the biggest barriers to entry to DeFi for mass market users has been the management of 64 random hex character public and private keys, which is why most users have gravitated towards centralized custodial solutions like Coinbase. But the Torus solution makes it very easy for users to access DeFi markets, and we are happy to be partnering with Torus to integrate their technology.”
Torus is a user-friendly non-custodial key management system for decentralized applications which leverages existing login credentials such as Google, Facebook and other OAuth logins in combination with the innovative use of distributed key generation to provide a secure non-custodial solution for managing crypto payments, signing digital transactions, and performing other in-app on-chain authorizations. Over 250 applications have integrated with the Torus wallet including Aave, Augur, GoodDollar, Yearn Finance, and KyberSwap. For more information, please visit https://tor.us/.
About Intellabridge Technology Corporation
Intellabridge Technology Corporation (CSE: INTL) (OTC Pink: CRBTF) (FSE: 98AA) is a venture builder investing in blockchain technologies with a focus on fintech and decentralized financial (“DeFi”) solutions. For more information, visit www.intellabridge.com.
ON BEHALF OF THE BOARD of DIRECTORS
INTELLABRIDGE TECHNOLOGY CORPORATION
John Eagleton, CEO
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This news release contains certain forward-looking information and forward-looking statements within the meaning of applicable securities legislation (collectively “forward-looking statements”). The use of any of the word “will” and similar expressions are intended to identify forward-looking statements. These statements involve known and unknown risks, uncertainties and other factors that may cause actual results or events to differ materially from those anticipated in such forward looking statements. Such forward-looking statements should not be unduly relied upon. Actual results achieved may vary from the information provided herein as a result of numerous known and unknown risks and uncertainties and other factors. The Company believes the expectations reflected in those forward-looking statements are reasonable, but no assurance can be given that these expectations will prove to be correct. The Company does not undertake to update these forward-looking statements, except as required by law.
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