Jingwei Tiandi to Launch Crypto Payment App 'Fopay' in July 2025

The upcoming launch of Fopay, a stablecoin-based payment platform, is anticipated to create new business opportunities and enhance shareholder value for Jingwei Tiandi.

Summary

Jingwei Tiandi plans to launch its mobile application 'Fopay' on July 21, 2025, aimed at providing a comprehensive payment platform based on stablecoin technology. The initiative is expected to explore new business opportunities and benefit shareholders, following an 18% increase in stock price after the announcement.

Terms & Concepts
  • Stablecoin: A type of cryptocurrency designed to maintain a stable value by pegging it to a reserve asset like a fiat currency.
  • Custody: The service of holding and safeguarding digital assets on behalf of clients.
  • Prepaid Card: A payment card that is preloaded with funds, allowing users to spend up to the amount loaded.