Future FinTech Group News: 11 Things to Know About FTFT Stock Today

Future FinTech Group (NASDAQ:FTFT) news for Thursday concerning new copyrights in China has FTFT stock on the rise.

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Here’s everything investors need to know about the news boosting FTFT stock today.

  • The China Copyright Protection Center accepted ten software copyrights submitted by the company.
  • Future FinTech Group originally submitted these copyrights back in June 2020.
  • The copyrights cover software the company plans to use in connection with blockchain technology applications.
  • FTFT is developing an anti-counterfeiting and tracing system with this technology.
  • It’s going to use this software with its blockchain-based e-commerce platform Chain Cloud Mall.
  • This has it offering QR codes to track possible counterfeiting efforts.
  • At the same time, it awards anti-counterfeiting points to customers.
  • Customers that earn enough points can use them on discounts and other benefits on the e-commerce platform.
  • Future FinTech Group’s blockchain e-commerce efforts expand to more than just the Chain Cloud Mall.
  • It also acts as a service provider for financial technology incorporated in Florida.
  • The company also has a cross-border e-commerce platform as well as an incubator for blockchain-based application projects.

Zhi Yan, general manager of the Chain Cloud Mall, said this about the news boosting FTFT stock.

“The system we built is simply a blockchain based credit point reward and settlement center for our online shopping mall. Anti-counterfeiting and rewarding system in e-commerce is only the first application of this technology. Our supply chain system, contract farming system, and order management system may also use this technology.”

FTFT stock was up 59.5% as of Thursday morning.

On the date of publication, William White did not have (either directly or indirectly) any positions in the securities mentioned in this article.


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