Life Clips, Inc. announced Belfrics Mexico, an entity operated by Belfrics Group, has commenced Mexican operations to serve Mexico's growing blockchain, cryptocurrency, and digital asset market. Belfrics Mexico will introduce its blockchain-based wallet and remittance solution to capitalize on the trend toward increasing remittance flows in Latin America. Originally formed in 2019, development plans for Belfrics Mexico were sidelined due to the covid pandemic.

With business back to normal, Mexico is emerging as a hotbed for blockchain and cryptocurrency innovations. The Mexican market stands out as one of the major crypto opportunities in Latin America because of its remittance business. Belfrics Mexico business will be driven by Manuel Esquivel and Carlos Arce, two senior professionals with a wealth of experience in the Mexican market.

Mr. Esquivel holds a Law degree from NAU Mexico, and he has more than a decade of experience in FX and derivatives markets in Latin America. Mr. Arce also holds a Law degree from NAU Mexico and holds directorships in leading conglomerates in Mexico, and has been an integral part of developing the Financial System for Banco Agropecuario, Banrural and Banobras Bank. With able leadership and with KYC compliant Belrium blockchain solutions, Belfrics aims to be a leading blockchain solution provider and digital assets service provider in Mexico by 2024.