Wellfield is building technology that unlocks the future of decentralized finance.

DeFI protocols have the potential to significantly influence the financial sector. The technology that is being developed by Wellfield, supports the decentralization of money.

Decentralized Finance (DeFi) means democratizing the financial services and eliminating the need for third parties and middlemen. New DeFi protocols as such, reshape the banking sector in a significant way. Wellfield DeFi servies offer everyone to benefit from its advantages, costs and opportunities right now. The industry has seen a marked shift in the Gen Z demographic, most viewed blockchain as a high risk and speculative ecosystem.

Now, many see blockchain and DeFi as a legitimate global financial system that is beginning to offer the products and services their parents receive at the local branch and online, but with attractive and sustainable economic incentives, and the user experience they've come to expect as mobile native consumers. We are positioning ourselves to capture this consumer shift in banking and finance. The vision of Wellfield for MoneyClip is to build a full-service financial application that is the best of all worlds - built for Canadians, adherent with local regulation, and powered by global DeFi markets to give our users complete control and flexibility over their money.

Wellfield develops a decentralized, open, transparent, inclusive, and cost-effective financial products and services. The headquarters of Wellfield Technologies is in Toronto, Canada. Wellfield DeFi protocols will not only be used by consumers but also empower third parties’ services.
Wellfield financial services have been designed to be cost-effective, transparent, open, and inclusive. Wellfield Technologies protocols for DeFi services, are deployed on the Ethereum blockchain for the benefit of the global community and MoneyClip consumers. Users enjoy the advantages of the blockchain technology with access to the most cutting-edge DeFi alternatives currently on the market with complete privacy and security.

Significant advantages that Wellfied's presents are:
• Decentralization - users should be free from from third parties to manage and execute any operation on their assets;
• Accessibility – democratizing the access to any service by any qualified user;
• Compatibility - means that the DeFi services available to the users should be compatible with the user's lifestyle and needs.

Wellfield focuses on Decentralized Finance (DeFi), which encourages the transition from centralized finance dependent of restrictive middlemen, with full-featured DeFi service like payment, banking, and capital markets on public blockchains. The engineering team and academic advisors at Wellfield have a combined hundreds of years as experts in finance and technology.

About the Company and Products:
Wellfield is a publicly-traded company on the Toronto Stock Exchange's TSX Venture Exchange (WFLD). Seamless and MoneyClip combined in 2021 to form a new firm - Wellfield Technologies, Inc.

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.

For more information, please visit https://www.linkedin.com/company/wellfield-technologies/

Contact Info:
Name: Levy Cohen
Email: Send Email
Organization: Wellfield Technologies (WFLD)
Website: https://wellfield.io

Release ID: 89063833