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/.
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SOURCE Future FinTech Group Inc.