Future FinTech Joins Hand With Visa's Currency Cloud For New Remittance App

Blockchain application technology developer Future FinTech Group Inc FTFT subsidiary FTFT Labs has teamed up with payment platform Currency Cloud Inc.
Currencycloud, a subsidiary of Visa Inc.V, is licensed for money transmission in various states in the U.S.
The parties will launch the remittance app Tempo to offer U.S.-based immigrants and others a secure and cost-effective way to send money from the U.S. to North America, Europe, Australia, India, and the Philippines.
FTFT Labs believes that the collaboration can provide its customers with a multicurrency digital wallet that makes sending money to the countries easier and more cost-effective.
Through Tempo's conversion tool, users can remit payments to foreign accounts following currency conversion and hold foreign currencies for users' convenience.
The app's Funds feature allows users to easily add funds to the digital wallet.
Price Action: FTFT shares are trading higher by 0.59% at $0.47 on the last check Monday.