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  • Intellabridge Technology Corporation (INTL) has launched its Alpha version of Kash, a decentralized mobile banking app
  • The app brings secure financial blockchain products to the mainstream economy
  • Intellabridge is a an emerging fintech blockchain company and one of the first Terra-based projects funded by Terraform Capital
  • Kash primarily focuses on targeting users in emerging markets
  • Intellabridge Technology Corporation is down 8.62 per cent on the day, with shares of the company trading at C$0.53 at 11:38 am ET

Intellabridge Technology Corporation (INTL) has launched its Alpha version of Kash, a decentralized mobile banking app.

The app brings secure financial blockchain products to the mainstream economy.

Intellabridge is a an emerging fintech blockchain company and one of the first Terra-based projects funded by Terraform Capital.

Terraform Capital is the strategic investment arm of Terraform Labs.

Kash was developed in partnership with Terra, the public blockchain network deploying a suite of fiat-pegged algorithmic stablecoins.

The company hopes that "Kash's unique design will accelerate market access to investment, payments, and savings primitives sourced from the decentralized finance market, which has accrued more than $82 billion in total value locked at an astounding clip since early 2020."

Kash primarily focuses on targeting users in emerging markets and has integrated the full suite of Terra stablecoins and protocols into one banking application to provide users with savings, checking, and investment applications.

"We are extremely excited to join the Terra ecosystem with its suite of stablecoins and protocols, Anchor and Mirror, which offer very exciting opportunities for the fintech sector.

Our integration with Terra will allow anyone to use Terra's assets and applications in a simple user experience and is an important step forward to solving problems of high inflation and exorbitant remittance fees and processing times.

As Terra's infrastructure continues to evolve with new functionality across multiple protocols, we look forward to working together to bring Terra's applications to the mass market," said Intellabridge CEO John Eagleton.

Intellabridge Technology Corporation is down 8.62 per cent on the day, with shares trading at C$0.53 at 11:38 am ET.

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