XI'AN, China, March 15, 2018 /PRNewswire/ -- Future FinTech
Group Inc. (NASDAQ: FTFT) ("Future FinTech", "FTFT" or "the
Company"), a financial technology company and integrated producer
of fruit-related products, today announced that on February 5 2018, its wholly owned subsidiary,
DigiPay Fintech Limited ("DigiPay FinTech") established DCON
DigiPay Limited ("DCON DigiPay") in Japan to operate DCON's digital payment system
and other digital assets ("DCON"). DigiPay FinTech holds a 60%
equity interest in DCON DigiPay. In January
2018, DigiPay FinTech acquired a 60% ownership interest in
DCON digital assets from Mr. Youwang Peng, who was recently
appointed the Company's Vice President of Marketing.
"We are very pleased to establish DCON DigiPay Limited in
Japan since Japan is expediting the exploration of new
cryptocurrencies. Japan has
created a supportive environment for the development and
application of blockchain technology with measures that include the
formal legal recognition of Bitcoin payments, eliminating the
consumption tax on Bitcoin and becoming the first country in the
world to pass virtual currency legislation," said Mr. Yongke Xue, Chief Executive Officer of Future
FinTech.
"At present, more than 100 companies are applying for virtual
currency licenses at the Japan Financial Services Agency,
two-thirds of which are from overseas, including mainland
China, Hong Kong, Singapore and others," Mr. Xue continued.
"Japan has confirmed the legal
status of more than 10 virtual currencies and granted them
qualifications for trading. We believe that our having established
DCON DigiPay in Japan can benefit
from Japan's forward-looking
policies regarding encrypted digital currency and blockchain
technology, thereby creating a favorable environment for our DCON
digital payment system."
DCON is the only designated financial center in Nova Realm City
("NRC"; see "About Nova Realm Limited" below). DCON offers an
efficient trading system where the mBTC (a MilliBitcoin, equal to
one millionth of a bitcoin) is the only token accepted for
transaction settlement within NRC. mBTC transactions can be
confirmed within seconds, and the platform allows 5,000
transactions per second while keeping transaction fees low. The NRC
community is composed of many different industry segments, and with
more projects expected to join the community in the future, the
Company believes that NRC will attract large user traffic for DCON.
DCON completed its launch on the NRC community in 2017, and as of
February 28, 2018, 100 communities
have been established in NRC.
The payment wallet developed by DCON is currently in operation
and DCON tokens have been registered and is now traded on three
cryptocurrency exchange sites, BCEX, XStar and Dobitrade. In
addition to bringing efficient and secure digital currency mobile
payment solutions, DCON also provides a variety of financial
services as a blockchain financial center such as mortgage loans,
blockchain financing, investment advisory and hedging
transactions.
"We believe that the establishment of DCON DigiPay in
Japan will provide a broader
platform for the DCON digital payment system and its other
financial services, making the operation of DCON more global and
maximizing the business value of blockchain technology," CEO Mr.
Xue concluded.
About DCON
DCON is a blockchain development
project that is creating an open and transparent digital payment
system backed by blockchain technology. DCON intends to
become a blockchain financial center that breaks the barrier among
cyptocurrencies and links users with users, and users with
blockchains to realize a completely new and innovative financial
services model. In addition, DCON is the only designated financial
center in NRC's largest community and the only exchanger of mBTCs
for circulation of currencies in the NRC community, and therefore
plays a central role in all of the financial activities of the NRC
community. For more information, please visit DCON's Chinese
website at: http://www.dcon.cc.
About Nova Realm Limited
Nova Realm Limited ("Nova Realm") is a blockchain technology
research and development company registered in the United Kingdom. Nova Realm developed Nova
Realm City ("NRC"), which it believes to be the first-ever
blockchain technology value community registered with real name
users and which delivers asset-based digital services to global
blockchain projects. NRC's mission represents the first interaction
community with a real-name registration system in the world.
The operation of the NRC community is ensured through blockchain
technology where the legitimate allocation of community funds is
safeguarded through multiple signatures and the community's major
events are decided through a voting mechanism. For more
information, please visit Nova Realm's Chinese website at
http://www.nrc.one/.
About Future FinTech Group Inc.
Future FinTech Group Inc. ("Future FinTech", "FTFT" or the
"Company") is incorporated in Florida and engages in financial technology.
The Company engages in the research and development of digital
asset systems based on blockchain technology and is also an
incubator of application projects related to blockchain technology.
The Company and its subsidiaries are developing blockchain
technology and cryptocurrencies for a variety of B2B and B2C
real-life applications including a variety of financial businesses
and the distribution, marketing and sale of consumer products. FTFT
is also developing an operational platform utilizing blockchain
technology and the shared economy, which includes an integrated
online shopping mall. For more information, please visit
http://www.ftft.top/.
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,
2016 and otherwise in our SEC reports and filings,
including the final prospectus for our offering. 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.
For more information, please contact:
COMPANY |
Cindy Liu, Investor
Relations Manager
|
Future FinTech Group
Inc.
|
Tel:
China +86-29-8187-8277
|
Email:
skypeople_annie@163.com
|
Web:
http://www.ftft.top
|
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SOURCE Future FinTech Group Inc.