Connect Financial Weekly Update

This past week at Connect Financial there were very few dull moments. It’s been all hands on deck to finish the preparations for the initial client portal release. Things are looking on track for a mid month release and we’ll continue to release updates and announcements through our social media outlets.

We also oversaw the addition of four new staff members with them being onboarded, brought up to speed and assigned their first tasks. This included the two previously mentioned team members on the corporate side and an additional two full stack engineers.

Work continues on our technology development of all the systems necessary for our Credit Lending, Risk Engine, and other Banking Infrastructures. These are the remaining key developments and we are nearing a production deployment of these systems.

Our Decentralized Autonomous Organization (DAO) and Treasury contracts are in the final testing phase, along with the necessary UI to interact with the systems. The launch of the DAO is a major step towards securing and insuring the future of the token lies with the community.

In a glimpse towards the future and our corporate commitment, here is a snippet from a press release that will be going out tomorrow to all the major news outlets:

The recent surge in Cryptocurrency interest has created a need to find a use case for these digital currencies aside from their investment value alone. The process of using Cryptocurrency for everyday transactions has been getting easier and Prepaid Debit Cards are the dominant driver behind this. But, while adoption is growing, limitations often exist based on this products location availability. That is what Connect Financial has sought to solve with their release of a Crypto-Asset based Credit Card that is issuable throughout the world.

As part of their Mission and strategy to deliver their unique Credit Card product and service that is known and used worldwide, Connect Fintech is proud to announce that they have expanded their global group of companies to include a Canadian corporation that is an MSB registered and licensed with Canada’s Financial Transactions and Reports Analysis Centre (FINTRAC).

The founder of Connect Financial proudly stated, “As Connect grows globally and drives value to front-line consumers, this expansion and successful registration underpins our commitment to operating in concert with regulators in jurisdictions we service the world over.”

Canada’s federal regulatory regime has historically been crypto and financial services friendly. The MSB status will allow Connect Financial to process transactions in higher volumes, conduct remittance on behalf of clients, and provide virtual currency services in a regulated, licensed and transparent fashion.

You can view Connect Financials MSB License on the FINTRAC website under license number: M21685943.

We hope everyone has had a great week and we’ll see you all next Monday where we hope to have images of the full Client Portal available for you to preview prior to the sign ups.

Join our growing community!

Discord : https://discord.gg/GYeWZ5uE4P

Telegram: https://t.me/connectfinancial

Telegram Announcements: https://t.me/connectfinancialnews

Twitter: https://twitter.com/ConnectWallet

YouTube: https://www.youtube.com/channel/UCfKkFD8FwnRvoxdOODTz_Ug

Official Website: https://www.connect.financial/

Staking: https://token.connect.financial/

Client Portal: https://client.connect.financial/