NEW
YORK, Aug. 25, 2022 /PRNewswire/ -- Future
FinTech Group Inc. (NASDAQ: FTFT) ("hereinafter referred to as
"Future FinTech", "FTFT" or "the Company"), a blockchain
application technology developer and a fintech service provider,
announced today that FTFT UK Limited ("FTFT UK"), a company
organized under the laws of United
Kingdom and a wholly owned subsidiary of the
Company, participated in eight orientation meetings in
Beijing, Shanghai, Hangzhou and Shenzhen for Chinese students entering study
abroad programs in the UK. These meetings were organized by the
University of Manchester and 21
other universities located in the Manchester area in the UK.
The purpose of the Company's participation in the Chinese
student study abroad orientation meetings was to promote FTFT UK's
Orbit E-Wallet app which includes providing account opening
services pending Orbit's official launch. The Orbit E-Wallet app
uniquely offers free accounts pre-approved by FTFT UK when student
applicants pre-open accounts prior to their travel to the UK. As a
result of the promotion, there has been a large increase in the
number of social media followers of FTFT UK and numerous inquiries
on how to open an Orbit E-Wallet account following the student
orientation meetings in China.
The Orbit E-Wallet app is an electronic wallet that integrates
popular e-wallet functions similar to Alipay and Wechat pay. With
the first version of the app, account holders will be able to send
money and experience discount shopping. It also integrates most of
the core services that traditional banks offer such as
international remittances, transfer payments, a physical debit card
and bill payments. By the end of 2022, the Orbit app will enable
account holders to communicate with friends, remit red envelopes
(monetary gifts), and start a group buying program with
merchants.
The Orbit E-Wallet app contains potentially powerful functions
that are designed for ease of use, which FTFT UK believes will
generate highly satisfied user experiences. The app provides
convenience for overseas Chinese students and newcomers who will
settle in the UK and solves the issue of cross-border remittance.
It is expected that the Orbit app will be the first e-wallet in the
UK to provide free account openings as well as integrated
remittance services for Chinese students and expatriates in the
UK.
Upon its launch, users will be able to download the app from
Google play and Apple's app store. For details, please visit the
official website of the FTFT UK Orbit at www.ftftorbit.com.
Bo Sun, Chief Executive Officer
of FTFT UK commented, "The UK study abroad orientation meetings
provided an excellent platform for us to promote the FTFT Orbit
E-Wallet app which was wholly developed and designed by our FTFT UK
team. We believe that our unique 'know your customer' and our
account opening process will make adoption of the app easy, and the
Orbit app will provide unprecedented convenience as well as a
spectrum of services for Chinese students who are entering the
UK."
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 service technology and business.
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
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through our use of words such as "may," "will," "anticipate,"
"assume," "should," "indicate," "would," "believe," "contemplate,"
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"could," "intend," "target" and other similar words and expressions
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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, 2021 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.
IR Contact:
Future FinTech Group Inc.
Tel: +1-888-622-1218
Email: ir@ftft.com
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SOURCE Future FinTech Group Inc.