Future FinTech Group Inc., a blockchain application technology developer and FinTech service provider, announced that Future FinTech Labs, a wholly subsidiary of the Company, has teamed up with Currencycloud Inc., a subsidiary of Visa and a global payment platform that is registered with FinCen and is licensed for money transmission in various states in the US, to launch the remittance app Tempo to offer US-based immigrants and others a streamlined, secure and cost-effective way to send money from the US to North America (Canada and Mexico), Europe (Austria, Belgium, Czech Republic, France, Germany, Hungary, Italy, Poland, Portugal, Spain, Sweden, and the United Kingdom), Australia, India, and the Philippines.
By working with Currencycloud and other service providers, FTFT Labs can provide its customers with a multicurrency digital wallet that makes sending money to the aforementioned countries easier and more cost-effective than many other remittance services that charge high fees per transfer. Most importantly for FTFT Labs, the Tempo app is a remittance service that its users can trust, with features that make moving money seamless and with in-app customer support at their fingertips. Tempo’s conversion tool means users can remit payments to foreign accounts following currency conversion and hold foreign currencies for users’ convenience; Tempo’s Funds Feature allows users to add funds to the digital wallet easily.