NEW YORK, September 12, 2022 /PRNewswire/ — Future FinTech Group Inc. (NASDAQ: FTFT) (“hereinafter referred to as “Future FinTech”, “FTFT” or “the Company”), a blockchain application technology developer and fintech service provider, announced that Future FinTech Labs (“FTFT Labs”), a wholly owned subsidiary of the Company, has partnered with Currency Cloud Inc. (“Currencycloud”), a subsidiary of Visa and a global payments platform registered with FinCen and authorized to transfer money to various states in the United States, to launch the Tempo money transfer app to provide US-based immigrants and others with a simplified, secure and cost-effective way to send money from the United States to North America (Canada and Mexico), Europe (Austria, Belgium, Czech Republic, France, Germany, Hungary, Italy, Poland, Portugal, Spain, Sweden and the UK), Australia, India and the Philippines.
By working with Currencycloud and other service providers, FTFT Labs can provide customers with a multi-currency digital wallet that makes sending money to the aforementioned countries easier and more cost-effective than many other money transfer services that charge high fees per transfer. More importantly to FTFT Labs, the Tempo app is a money transfer service its users can trust, with features that make transferring money easier and with in-app customer support at their fingertips. Tempo’s conversion tool means users can remit payments to foreign accounts after currency conversion and store foreign currency for user convenience; Tempo funds FThe feature allows users to easily add funds to the digital wallet.
By continually adding new features to the app, FTFT Labs aims to bring the most innovative and easy-to-use money transfer services to the fingertips of an often overlooked market: American immigrants. To learn more about the Tempo app, please visit http://ftfttempo.com.
Mr. Sean LiuCEO of FTFT Labs, said of the launch, “Tempo represents an easy, fast and secure way to move money across borders. Working with Currencycloud and utilizing the breadth of its services, we allows us to offer our customers a transparent product from start to finish. We believe that we are making the transfer of funds a transparent process for our end users.”
Lewis NurcombeVice President of Sales, Currencycloud said, “Migrants in the United States should be able to send money overseas without friction and without prohibitive costs. A fintech company like Future FinTech Labs understands the needs of workers who want to send money to family and friends. , and as such is successfully reinventing the way money flows for this huge market.”
The Tempo app is available for download from the Apple App Store and Google Play.
About Future FinTech Group Inc.
Future FinTech Group Inc. is a Florida-incorporated blockchain application technology developer and fintech service provider. The Company’s businesses include a blockchain-based online shopping mall platform, Chain Cloud Mall (“CCM”), supply chain finance services, asset management and data services on the cryptocurrency market. The Company is also engaged in the development of blockchain-based e-commerce technology and cryptocurrency mining, cryptocurrency investment management as well as financial services technology businesses. For more information, please visit http://www.ftft.com/.
Banks, Fintechs and businesses around the world can take bigger, better and bolder leaps with Currencycloud, a Visa solution. Currencycloud gives businesses the ability to move money across borders and quickly transact globally in multiple currencies. Experts in what they do, their technology makes it easy for clients to adopt digital wallets and integrate finance into the heart of their business, regardless of their industry.
Since 2012, Currencycloud has processed over $100 billion in more than 180 countries, in collaboration with banks, financial institutions and Fintechs around the world, including Starling Bank, Revolut, Penta and Lunar. Situated at London with offices at New York, amsterdam, Cardiffand Singapore, Currencycloud works with partners such as Visa, Dwolla, GPS and Mambu to provide simple and clear cross-border infrastructure solutions to customers. They are regulated in the UK, Canadathe United States, the EU and Australia.
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All written or oral forward-looking statements attributable to the Company are expressly qualified in their entirety by this cautionary statement, including, without limitation, the risks and uncertainties described in our Annual Report on Form 10-K for the fiscal year ended December 31, 2021 and other reports and filings of the Company with the SEC. These reports are available upon request from the Company or the Securities and Exchange Commission, including through the SEC’s website at http://www.sec.gov. We have no obligation and do not undertake to update, revise or correct any forward-looking statements after the date hereof or after the respective dates on which such statements are otherwise made.
SOURCE Future FinTech Group Inc.