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Intellabridge Partners with Terra and Launches Kash Alpha Product

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Intellabridge, one of the first Terra-based projects funded by Terraform Capital, has launched the Alpha version of its user-friendly Kash app — bringing payments, savings, and investing to users in emerging markets around the world.

Vancouver, British Columbia and Boulder, Colorado–(Newsfile Corp. – March 31, 2021) – Intellabridge Technology Corporation (CSE: INTL) (OTC Pink: CRBTF) (FSE: 98AA), an emerging fintech blockchain company, has announced the launch of its Alpha version of Kash — a decentralized mobile banking app that brings secure financial blockchain products to the mainstream economy.

Kash was developed in partnership with Terra, the public blockchain network deploying a suite of fiat-pegged algorithmic stablecoins, as one of the first projects funded by Terraform Capital — the strategic investment arm of Terraform Labs. Kash’s unique design will accelerate market access to investment, payments, and savings primitives sourced from the decentralized finance (DeFi) market, which has accrued more than $82 billion in total value locked (TVL) at an astounding clip since early 2020.

“We are extremely excited to join the Terra ecosystem with its suite of stablecoins and protocols, Anchor and Mirror, which offer very exciting opportunities for the fintech sector. Our integration with Terra will allow anyone to use Terra’s assets and applications in a simple user experience, and is an important step forward to solving problems of high inflation and exorbitant remittance fees and processing times,” says John Eagleton, CEO of Intellabridge. “As Terra’s infrastructure continues to evolve with new functionality across multiple protocols, we look forward to working together to bring Terra’s applications to the mass market.”

Kash primarily focuses on targeting users in emerging markets and has integrated the full suite of Terra stablecoins and protocols into one seamless banking application to provide users with savings, checking, and investment applications. In particular, Kash furnishes unfettered access to Mirror Protocol, a synthetic assets protocol, and Anchor, a stable, high-yield (20% APY) savings protocol — both built on Terra.

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Via Kash, users in inflationary-prone regions like Argentina, Lebanon, and Turkey can tap into high yield savings accounts denominated in Terra’s USD-pegged stablecoin, UST, using Anchor. Additionally, Mirror empowers users in financially disenfranchised regions to participate in the wealth creation of major markets previously precluded to them, such as ETFs and major US tech equities, without censorship or onerous fee structures.

Intellabridge’s integration with Terra is based on a shared vision of solving the problem of high inflation for more than one billion people globally. Empowering financial freedom using interest-bearing stablecoins (that are easily transferable and exchangeable) requires a user-experience (UX) conducive to mass adoption. Kash’s intuitive design provides customers with financial independence, purchasing power, stability, and security with the underlying feature set sourced from Terra’s DeFi ecosystem.

“We’re thrilled to support Intellabridge’s Kash app as a vehicle for the mass adoption of stablecoins using high-yield savings, global payments, and accessible investing through the Terra network,” says Do Kwon, Co-Founder and CEO of Terraform Labs. “User-friendly apps like Kash can serve as a gateway to the burgeoning DeFi ecosystem — an inclusive and powerful market of financial tooling for a global set of users facing economic burdens and financial challenges.”

Kash gives customers the power to decide how to save, invest, send, and spend at a fraction of the cost — with instant settlement and improved accessibility relative to traditional financial markets. Kash’s open Alpha is live today on testnet, with the expected mainnet launch in Q2. Moving forward, Terraform Capital will provide various resources and capital to support the Kash product and grant broader access to the Terra ecosystem for Kash users.

About Terra

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Terra is a Tendermint-based, public PoS blockchain network built on the Cosmos SDK. Terra is the first and most successful algorithmic stablecoin network where Terra’s native asset, LUNA, collateralizes a suite of fiat-pegged stablecoins that can be swapped in a multi-fiat forex market baked into the network’s protocol. Demand for applications built on top of the Terra blockchain, such as the payment app Chai with 2 million active users, the synthetic assets protocol Mirror with more than $800 million in TVL, and now the mainstream savings vehicle, Anchor, underpins the demand for Terra stablecoins. As demand for Terra’s stablecoins increases via its applications, LUNA stakers capture the value of the network in swap fees, transaction fees, and a reduced supply of LUNA tokens.

About Intellabridge Technology Corporation

Intellabridge Technology Corporation is a fintech blockchain technology company that owns Kash, the decentralized financial application. The current Alpha version of the product is available on the web and mobile in the testing phase with the objective to pilot and process transactions in advance of a fully audited and security-tested live release in Q2 2021. For access to the Kash Alpha version visit www.kash.io and for more information on Intellabridge, visit www.intellabridge.com.

ON BEHALF OF THE BOARD of DIRECTORS

INTELLABRIDGE TECHNOLOGY CORPORATION

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“John Eagleton”
John Eagleton, CEO

To contact Intellabridge:

Website: intellabridge.com
Phone: +1-303-800-5333
Email: [email protected]

The CSE does not accept responsibility for the adequacy or accuracy of this release.

Forward-Looking Statements

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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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To view the source version of this press release, please visit https://www.newsfilecorp.com/release/79066

Newsfile is a customer-focused newswire team that delivers press releases and corporate announcements to the global financial community. Approved by all stock exchanges, Newsfile offers broad access to media, analysts, investors and market participants. With agile services, proactive customer care and affordable pricing; Newsfile makes it easy for companies to tell their story to the audiences they need to reach.

Blockchain

UNICC and ShelterZoom Developed a Secure Document Tracking and E-Signature Solution for the UN System

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The United Nations International Computing Center (UNICC) and ShelterZoom are pleased to announce a new innovative blockchain-based solution for controlling and protecting the digital data of UN entities and other international organizations. As the largest strategic partner for digital solutions and cybersecurity within the UN system, UNICC has partnered with ShelterZoom, a leading data and content protection and ownership SaaS company behind innovations such as Document Token® technology and Document GPS®.

Building upon the 50 years of experienced innovation from the UNICC, the two organizations collaborated on a transformational undertaking offering robust protection and promising increased productivity for document tracking and management. ShelterZoom will contribute its proprietary document tokenization technology, along with its data protection, document tracking and e-signature solutions to deliver a white-labeled platform, giving member organizations a greater level of governance over their content. Using ShelterZoom’s flagship proprietary Single Source Of Truth® technology, the solution provides a means for each file to be protected individually without changing user normal habits instead of having to rely solely on protecting files at the database level. This ‘singularity and control’ is a new era in cybersecurity and document management, which has never been seen before at this level of seamless integration with existing tools.

“The synergy between what we deliver and the goals of the United Nations are a perfect match for Single Source Of Truth,” said Chao Cheng-Shorland, CEO and Cofounder of ShelterZoom. “We have said from the beginning that it is time to think about cybersecurity in a completely new way and in doing so we have created a solution to address other operational pain points while simultaneously solving one of the biggest challenges facing the global population today. The UN is at the frontlines of changing the world for the better and its forward-thinking approach to using technology to address fundamental issues is critical in improving livelihoods for all.”

ShelterZoom solutions have already been in use across dozens of industries and with this new commercial partnership, they can now extend their usefulness to the UN family and other international organizations. The revolutionary method for complete document tracking with built-in productivity tools, such as digital signatures and a market-first method for organizing files inside email, is an all-in-one solution built for a global workforce. The Single Source of Truth model has the added benefit of decreasing the carbon footprint created by excessive digital waste, further supporting the sustainability goals of the United Nations.

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“The need for robust cybersecurity and data protection has never been greater,” said Sameer Chauhan, Director of UNICC. “By working together with ShelterZoom, we have developed a cutting-edge tool tailored to the needs of the UN family. Our unwavering commitment to providing best-in-class solutions ensures we continue to support the digital transformation and modernization of the UN system and other international organizations.”

The post UNICC and ShelterZoom Developed a Secure Document Tracking and E-Signature Solution for the UN System appeared first on News, Events, Advertising Options.

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Blockchain

Bybit Supports Wildlife Conservation Through Sea Turtle Adoption Initiative with Subsum

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Blockchain

Libfx.com Announces Vision to Build a World-Class Financial Platform

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