October 7, 2021 - MONTHLY PROGRESS REPORT Intellabridge Technology Corporation is a fintech blockchain neo-bank that provides retail and institutional investors with access to decentralized financial applications with additional layers of cybersecurity, consumer protection, and customer service.
Intellabridge offers depositors self-custody services to empower them with complete transparency and control over their accounts through its institutional-grade platform.
The Kash product features DeFi interest-bearing savings vaults, stablecoin checking, fiat-crypto exchange, synthetic stock, ETF and commodity trading, and other DeFi banking services, with plans to offer debit cards, virtual cards, Apple Pay and Google Pay.
In the month of September the Company focused its efforts on product development and the hiring of additional marketing personnel in preparation for public launch on September 30th.
The Company completed Ethereum and Metamask integrations, quality control, and security tests. On September 2, 2021, the Company announced the launch of Kash Beta Version 1.1 which includes Ethereum wallets and an integration with Metamask, one of the top wallets with more than 10 million monthly active users, as part of a major industry initiative bridging the Ethereum and Terra blockchains.
With this new Ethereum gateway, Kash DeFi banking is now open to more than $33 Billion US Dollars of Ethereum stablecoins, including $27 Billion of USD Coin (USDC), founded by Coinbase and Circle, and $6 Billion of DAI founded by MakerDAO.
Intellabridge also expects to be adding Binance USD (BUSD) and Tether (USDT), which opens Kash to an additional $12 Billion of BUSD and $65 Billion of Tether of stablecoin
assets.
On September 30, 2021, Intellabridge announced the launch of a major industry initiative bridging the Ethereum and Terra blockchains together. Kash now offers customers the ability to deposit Ethereum-based US Dollar stablecoins into their Kash savings accounts and receive up to 16% interest.
Also on September 30, 2021, Intellabridge announced that it had launched Kash, a global neo-banking platform powered by decentralized finance, pushing the boundaries of what’s possible in financial services.
Kash provides retail and business customers with financial solutions that include checking, savings, and investments as its core modules, and advanced technologies that innovatively enable real-time transaction settlement, improved accessibility, and lower fees compared to traditional financial products.
The launch of Kash adds even more power and capability for customers, with multiple new features since its Beta version was first released in June 2021, including 2FA security, improved accessibility for customers making it easier to move assets into the Kash platform from traditional financial institutions and other decentralized ecosystems like Ethereum.
In September 2021 Intellabridge increased its marketing personnel and is also in the process of adding additional operational, technical, support, and investor relations personnel to support customer growth.
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