NEW YORK, Feb. 24, 2022 /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 subsidiary, FTFT UK Limited ("FTFT UK"), has
entered into an agreement with Mastercard to partner on the
impending launch of the FTFT Orbit e-money platform and Orbit Debit
Mastercard, issued via FTFT UK's partners.
Mr. Shanchun Huang, Chief
Executive Officer of Future FinTech, said, "The agreement with
Mastercard greatly strengthens the launch of our digital finance
business in the UK. We are developing a leading-edge financial
services ecosystem to better serve individual consumers and
businesses alike. Our goal is to become a leading financial
technology company that provides customers with high-quality and
all-inclusive digital finance services with superior user
experiences."
Since August 2021, FTFT UK has
been working to develop a financial 'super app', the FTFT Orbit,
which will include a wide range of personal digital financial
products and services beyond the standard mobile payments and
international transfers, including membership rewards, on-the-spot
discounts, social financing, and many more potentially
industry-disruptive applications. The FTFT Orbit also features a
unique customer KYC and on-boarding flow, providing international
customers entering the UK exceptional convenience and
practicality.
The FTFT Orbit e-money platform is still subject to regulatory
registration in UK. Once regulatory registration and technical
collaborations are finalized, FTFT UK will officially launch the
beta version of FTFT Orbit.
About Future FinTech Group Inc.
Future FinTech Group Inc. 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"), supply chain financing and
services and cryptocurrency market data services. The Company is
also engaged in the development of blockchain based e-Commerce
technology and cryptocurrency mining as well as financial service
technology. For more information, please visit
http://www.ftft.com/.
Safe Harbor Statement
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"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
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anticipations, assumptions, estimates, intentions, and future
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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.
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SOURCE Future FinTech Group Inc.