Future Fintech Announces Plans to Launch Financial App in the UK
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NEW YORK, Nov. 23, 2021 /PRNewswire/ -- Future FinTech Group Inc. (NASDAQ: FTFT) ("hereinafter referred to as "Future FinTech", "FTFT" or "the Company"), a leading blockchain-based e-commerce business and a fintech service provider, announced today that its new subsidiary, FTFT UK Limited ("FTFT UK"), held an inauguration ceremony on November 19, 2021 for the opening of its new office in London, during which FTFT UK announced that it has entered the beta testing phase for its mobile financial app which will enable customers to engage in a comprehensive suite of e-wallet activities. Representatives from the local business and financial sectors, including executives of MasterCard, JP Morgan Chase, China Mobile and Bank of China attended the event.
Mr. Shanchun Huang, CEO of FTFT, said, "We believe that we can leverage our core competencies by being part of the challenger banking sector, which provides digital banking services through apps or websites, and build a comprehensive financial services platform in the future that is highly competitive with traditional banking. Our ultimate goal is to become a leading financial technology company that provides customers with a high-quality digital financial services platform for a superior user experience."
As announced on August 12, 2021, the Company's FTFT UK subsidiary was incorporated as an operating base from which to develop fintech business in Europe. FTFT UK has been working to develop a financial 'super app' that will include a wide range of personal digital financial products and services including functionality for mobile payments, international transfers, wealth management options, membership rewards, on-the-spot discounts and proprietary industry-disruptive applications. The app has been designed to be especially useful for UK-bound international students since it will enable the opening of bank accounts and international money transfers which will help such students to save time and avoid unneeded hassles, so that they can quickly settle down and start their new lives in the UK.
FTFT UK has established partnerships and began the process of technical integration with leading fintech companies in the UK. Once regulatory registration and technical collaborations are finalized, the FTFT UK 'super app' will be ready to launch.
About Future FinTech Group Inc.
Future FinTech Group Inc. ("Future FinTech", "FTFT" or the "Company") is a leading blockchain e-commerce company and a service provider for financial technology incorporated in Florida. The Company's operations include a blockchain-based online shopping mall platform, Chain Cloud Mall ("CCM"), an incubator for blockchain based application projects, and supply chain financing and services. The Company is also engaged in the development of blockchain based e-Commerce technology as well as financial technology. For more information, please visit http:/www.ftft.com/.
Safe Harbor Statement
Certain of the statements made in this press release are "forward-looking statements" within the meaning and protections 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 Act. Forward-looking statements include statements with respect to our beliefs, plans, objectives, goals, expectations, anticipations, assumptions, estimates, intentions, and future performance, and involve known and unknown risks, uncertainties and other factors, which may be beyond our control, and which may cause the actual results, performance, capital, ownership or achievements of the Company 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 could be forward-looking statements. You can identify these forward-looking statements through our use of words such as "may," "will," "anticipate," "assume," "should," "indicate," "would," "believe," "contemplate," "expect," "estimate," "continue," "plan," "point to," "project," "could," "intend," "target" and other similar words and expressions of the future.
All written or oral forward-looking statements attributable to us are expressly qualified in their entirety by this cautionary notice, including, without limitation, those risks and uncertainties described in our annual report on Form 10-K for the year ended December 31, 2020 and our other reports and filings with SEC. Such reports are available upon request from the Company, or from the Securities and Exchange Commission, including through the SEC's Internet website at http://www.sec.gov. We have no obligation and do not undertake to update, revise or correct any of the forward-looking statements after the date hereof, or after the respective dates on which any such statements otherwise are made.
SOURCE Future FinTech Group Inc.
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