AP NEWS
Press release content from Business Wire. The AP news staff was not involved in its creation.
PRESS RELEASE: Paid content from Business Wire
Press release content from Business Wire. The AP news staff was not involved in its creation.

British Virgin Islands Announces BVI~LIFE™ Digital Currency

December 3, 2019

TORTOLA, British Virgin Islands--(BUSINESS WIRE)--Dec 3, 2019--

As part of an on-going initiative to grow the Financial Technology sector, the British Virgin Islands is hosting its BVI Digital Economy symposium on December 3rd. The event will connect over 100 stakeholders across private and public sectors such as Price Waterhouse Coopers in the archipelago’s transition to a digital leader. As part of the event, BVI partner LIFElabs.io will present details of the planned digital currency rollout. Key details are as follows:

A major focus of the one-day symposium is to raise awareness and work with BVI thought-leaders. Premier Andrew Fahie stated: “The importance of blockchain technology and the significant benefits it offers the BVI are paramount to the Territory. We welcome this innovation with open arms. Our partner, LIFElabs, has demonstrated with their proven track record that their ideology is not just mere words, and we look forward to continuing our partnership with them on the rollout of BVI~LIFE, our digital currency.”

“This partnership puts us in a unique position to make a massive impact in a place that really stands to benefit. The foundation of a digital currency is necessary groundwork for the British Virgin Islands to continue to serve the global economy as it has in the past with the onset of the blockchain revolution,” explained Sanjay Jadhav, LIFElabs.io CEO.

“LIFElabs was conceived with an emphasis on philanthropy, and our work with the British Virgin Islands exemplifies this perfectly. With the Rapid Cash Response fund, we’re creating necessary tools for the government to defend against disaster and protect its citizens from the aftermath,” added LIFElabs CMO David Pugh-Jones.

About LIFElabs.io: Founded in 2017, LIFElabs is a blockchain ecosystem with a unique focus on aiding and empowering charities and humanitarian efforts across the globe. In 2018, LIFElabs successfully aided 30 charities taking on innovative projects in pursuit of the charities’ diverse goals and missions. LIFElabs’ products consist of the LIFEtoken, BVI~LIFE, LIFEcard, LIFEwallet, LIFEBaaS (Blockchain-as-a-Service), and the LIFEPaaS tool for philanthropic groups looking to incorporate blockchain technology.

BVI~LIFE is a trademark of LIFElabs Global LTD.

Link to original partnership announcement in April: http://www.bvi.gov.vg/media-centre/bvi-and-lifelabsio-enters-first-its-kind-partnership-provide-blockchain-based-financial

View source version on businesswire.com:https://www.businesswire.com/news/home/20191203005337/en/

CONTACT: Candice Stokes

candice@venturepr.co

www.venturepr.co

424-230-3770

KEYWORD: UNITED STATES UNITED KINGDOM CARIBBEAN NORTH AMERICA VIRGIN ISLANDS (BRITISH) EUROPE NEW YORK

INDUSTRY KEYWORD: BANKING PROFESSIONAL SERVICES PHILANTHROPY DATA MANAGEMENT OTHER TRAVEL TECHNOLOGY DESTINATIONS TRAVEL FOUNDATION OTHER PROFESSIONAL SERVICES FINANCE OTHER TECHNOLOGY OTHER PHILANTHROPY

SOURCE: Government of the British Virgin Islands

Copyright Business Wire 2019.

PUB: 12/03/2019 07:00 AM/DISC: 12/03/2019 07:01 AM

http://www.businesswire.com/news/home/20191203005337/en