LIQUID META ANNOUNCES PARTNERSHIP WITH XLD FINANCE
TORONTO, Jan. 13, 2022 /PRNewswire/ - Liquid Meta Capital Holdings Ltd. (NEO: LIQD) ("Liquid Meta" or the "Company"), a decentralized finance infrastructure and technology company, today announced a partnership with XLD finance to provide liquidity to XLD's stablecoin-based ecosystem.
"I am very pleased to announce our partnership with XLD Finance. This partnership marks our entry into the rapidly growing GameFi space, an area which we believe is extremely attractive," said Jonathan Wiesblatt, CEO.
XLD's ecosystem project, xSpend, allows users to immediately use their GameFi tokens or stablecoins earned from play-to-earn games to pay for necessities and utilities. Additionally, XLD enables play to earn users in emerging markets like the Philippines to quickly convert their cryptocurrency rewards in games like Axie Infinity into fiat currency that they can spend on their day-to-day needs.
"We believe Liquid Meta can provide substantial liquidity and infrastructure in this emerging crypto category. Liquid Meta will be deploying a portion of the proceeds raised from our RTO to provide liquidity to XLD's DeFi ecosystem projects, which allow users to spend their crypto in real life (i.e. to pay electricity bills, airline tickets, retail, etc.) and direct-to-cash offramp. This partnership is one of the first steps to scaling our liquidity mining operation while allowing our model to generate incremental cash flow for the development of tools and software products," added Mr. Wiesblatt.
"Partnering with Liquid Meta, the first publicly traded, pure-play liquidity mining operation in the world was an easy decision for XLD. Having Liquid Meta's support will be key for us as we scale crypto-based financial services to the unbanked and underserved to Southeast Asia and Latin America," said Ian Estrada, Co-Founder & CEO of XLD Finance. "Furthermore, our model is highly dependent on capital liquidity on the fiat and cryptocurrency side to make sure that our customers get the best rates when converting their play to earn rewards. This partnership with Liquid Meta ensures that we are able to deliver this to our users," added Mr. Estrada.
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Notice Regarding Forward-Looking Information:
Forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of Liquid Meta to be materially different from any future results, performance or achievements expressed or implied by the forward-looking statements. Factors that could cause actual results to differ materially from those anticipated in these forward-looking statements are described under the caption "Risks and Uncertainties" in the Company's Filing Statement dated as of December 17, 2021 which is available for view on SEDAR at www.sedar.com. Forward-looking statements contained herein are made as of the date of this press release and Liquid Meta disclaims, other than as required by law, any obligation to update any forward-looking statements whether as a result of new information, results, future events, circumstances, or if management's estimates or opinions should change, or otherwise. There can be no assurance that forward-looking statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, the reader is cautioned not to place undue reliance on forward-looking statements.
Liquid Meta's operations could be significantly adversely affected by the effects of a widespread global outbreak of a contagious disease, including the recent outbreak of illness caused by COVID-19. It is not possible to accurately predict the impact COVID-19 will have on operations and the ability of others to meet their obligations, including uncertainties relating to the ultimate geographic spread of the virus, the severity of the disease, the duration of the outbreak, and the length of travel and quarantine restrictions imposed by governments of affected countries. In addition, a significant outbreak of contagious diseases in the human population could result in a widespread health crisis that could adversely affect the economies and financial markets of many countries, resulting in an economic downturn that could further affect operations and the ability to finance its operations.
SOURCE Liquid Meta Capital Holdings Ltd
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