FTFT’s future FinTech Labs partner with Currencycloud to launch low-cost remittance app Tempo
NEW YORK, 12 September 2022 /PRNewswire/ — Future FinTech Group Inc. (NASDAQ: FTFT) (“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 merged with Currency Cloud Inc. (“Currencycloud”), a subsidiary of Visa and a global payment platform registered with FinCen and licensed for money transfer in various states in the US, to launch the money transfer app Tempo to offer US-based immigrants and others a streamlined, secure and cost-effective way to send money from the US to North America (Canada and Mexico), Europe (Austria, Belgium, Czech Republic, France, Germany, Hungary, Italy, Poland, Portugal, Spain, Sweden and Great Britain), Australia, India and the Philippines.
By partnering with Currencycloud and other service providers, FTFT Labs can provide its customers with a multi-currency digital wallet that makes it easier and more cost-effective to send money to the mentioned countries than many other money transfer services that charge high fees per transfer. Most importantly for FTFT Labs, the Tempo app is a money transfer service that users can trust, with features that make moving money seamless and with in-app customer support at their fingertips. Tempo’s conversion tool means users can transfer payment to foreign accounts after currency conversion and hold foreign currency for users’ convenience; Tempo’s funds Feature allows users to easily add funds to the digital wallet.
By continuously adding new features to the app, FTFT Labs aims to bring the most innovative, user-friendly payment 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 a simple, fast and secure way to transfer money across borders. Working with Currencycloud and using its breadth of services, it allows us to offer our customers a seamless product from the start ultimately. We are confident that we make remittance a seamless process for our end users.”
Lewis NurcombeVice President Sales, Currencycloud commented, “Migrants in the US should be able to send money across borders without friction and without prohibitive costs. A fintech company like Future FinTech Labs understands the needs of working people who want to send money to family and friends. , and as such, it succeeds in imagining how the money flows for this vast 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 blockchain application technology developer and fintech service provider incorporated in Florida. The Company’s operations include a blockchain-based online shopping mall platform, Chain Cloud Mall (“CCM”), supply chain financing services, asset management and cryptocurrency market data services. 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/.
About Currencycloud
Banks, Fintechs and businesses everywhere can make bigger, better and bolder leaps with Currencycloud, a Visa solution. Currencycloud gives companies the opportunity to move money across borders, and trade globally in multiple currencies, quickly. Experts in what they do, their technology makes it easy for customers to embrace digital wallets, and to embed finance at the core of their business – no matter what industry they’re in.
Since 2012, Currencycloud has processed more than 100 billion dollars to over 180 countries, working with banks, financial institutions and Fintechs around the world, including Starling Bank, Revolut, Penta and Lunar. Located in London with offices in New York, Amsterdam, Cardiffand Singapore, Currencycloud works with partners including Visa, Dwolla, GPS and Mambu to deliver simple, clear cross-border infrastructure solutions for customers. They are regulated in the UK, CanadaUSA, EU and Australia.
Safe Harbor Statement
Certain of the statements in this press release are “forward-looking statements” within the meaning and protection of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, or the Exchange. Action. Forward-looking statements include statements regarding our beliefs, plans, goals, objectives, expectations, expectations, assumptions, estimates, intentions and future performance, and involve known and unknown risks, uncertainties and other factors that may be beyond our control, and which may cause the Company’s actual results, performance, capital, ownership or achievements to be materially different from future results, performance or achievements expressed or implied by such forward-looking statements. All statements other than statements of historical fact are statements that may be forward-looking statements. You can identify these forward-looking statements through our use of words such as “may,” “will,” “anticipate,” “assume,” “should,” “suggest,” “would,” “believe,” “consider,” ” ” expect”, “estimate”, “continue”, “plan”, “point to”, “project”, “could”, “intend”, “goal” and other similar words and expressions for the future.
All written or oral forward-looking statements attributable to the Company are expressly qualified in their entirety by this cautionary statement, including, without limitation, those risks and uncertainties described in our Annual Report on Form 10-K for the year ended December 31, 2021 and other reports and filings by the company with the SEC. Such reports are available upon request from the Company or from the Securities and Exchange Commission, including through the SEC’s website at http://www.sec.gov. We have no obligation and undertake no obligation to update, revise or correct any of the forward-looking statements after the date hereof, or after the respective dates on which such statements are otherwise made.
View original content to download multimedia: https://www.prnewswire.com/news-releases/ftfts-future-fintech-labs-partners-with-currencycloud-to-launch-the-low-cost-remittance-app -tempo -301621662.html
SOURCE Future FinTech Group Inc.
