Tuesday, July 1, 2025
Distribution: (800) 510 0384
Washington DC
New York
Toronto
Press ID  
  • Login
The Hudson Weekly
  • Financial
  • Blockchain
  • Technology
  • Entertainment
  • Lifestyle
  • Arts
  • Health
  • Sports
  • Cybersecurity
No Result
View All Result
  • Financial
  • Blockchain
  • Technology
  • Entertainment
  • Lifestyle
  • Arts
  • Health
  • Sports
  • Cybersecurity
No Result
View All Result
The Hudson Weekly
No Result
View All Result

Future Fintech and Blocknance Signed Term Sheet for Potential Acquisition

Michelle Kellett by Michelle Kellett
January 8, 2021
in Blockchain
A A
Future Fintech and Blocknance Signed Term Sheet for Potential Acquisition

© Future FinTech Group Inc.

Share on FacebookShare on Twitter

Future FinTech Group Inc., a leading blockchain e-commerce company and a service provider for financial technology, today announced it has signed a term sheet (“Term Sheet”) with Blocknance Financial International SRL(“Blocknance”), a company incorporated in the Dominican Republic and the selling shareholders of Blocknance on December 30, 2020. Pursuant to the Term Sheet, the Company plans to acquire 60% of the total issued and outstanding shares of Blocknance.

Blocknance provides services for transactions between Bitcoin and other cryptocurrencies and fiat currencies, such as Dominican Peso, US dollar, Euro, and Russian Ruble for customers through Bitcoin ATMs and physical offices. All ATMs and physical offices are currently located in Santo Domingo, Punta Cana, La Romana, and Santiago de los Caballeros in the Dominican Republic.

HudsonNewsroom

How to Swap TRX to USDT Instantly Using Symbiosis

Crypto Integration in Traditional Fintech Platforms

What Influences Our Gaming Habits?

Blocknance is headquartered in the Dominican Republic. Its subsidiary Cryptocana SRL works with financial consulting companies to help clients buy, rent, and sell residential, commercial, local, and international real estate using cryptocurrencies; another subsidiary, Blockchain Finance International Inc. is registered in Wyoming, the US and officially registered as a Money Service Business (MSB) which is regulated and administered by the Financial Crimes Enforcement Network (FinCEN). According to the framework agreement, the current total valuation of Blocknance is $1.6 million. Future FinTech or its wholly-owned subsidiary plans to acquire 60% of Blocknance through cash and shares with a purchase price of US $960,000. Future FinTech reserves the right to purchase additional shares from the seller.

Emmy Jude Fortune, the General Manager of Blocknance, stated, “Blocknance is one of the most advanced, semi-decentralized cryptocurrency exchange platforms on the market today. It provides a safe way to exchange Bitcoin and cryptocurrency with fiat currencies for individuals who want to use them to buy and sell goods or services and is the largest Bitcoin transaction service provider in the Caribbean. With the help of our new ATMs, more and more people use cryptocurrency for transactions. Our Punta Cana and Santiago office provides services to more than 10,000 tourists every year because most tourists do not have local bank accounts. Our physical offices or ATMs provide convenient two-way exchange services of Bitcoin and other cryptocurrencies to fiat currencies for tourists. Blocknance plans to increase the number of Bitcoin ATMs and expand them to Europe, Asia, and other regions pursuant to local regulatory requirements in 2021. FTFT has a great management team in financial services and blockchain technology. The union with FTFT can rapidly expand our operations, continuously improve customer experience and satisfaction, increase service scenarios, and meet more and diversified customers’ needs. ”

Shanchun Huang, Chief Executive Officer of Future FinTech, said, “Blockchain technology and its application is an important strategic segment and business component of FTFT. Building a complete blockchain financial service system is an important development plan of FTFT. We have been looking for valuable blockchain technology companies to dock with our existing resources. When Bitcoin holders could convert Bitcoin into cash at ATM as Blocknance does in the Dominican Republic, cryptocurrency will be gradually accepted by more and more people. We believe that the investment in Blocknance can further expand our business, bring additional income to the Company, and we hope to eventually create a channel that can connect Bitcoin and other cryptocurrencies with the services of mainstream financial institutions under applicable laws and regulations. “

Michelle Kellett

Michelle Kellett

Deputy Editor, Investing and Corporate News

More from HW Newsdesk

How to Swap TRX to USDT Instantly Using Symbiosis
Blockchain

How to Swap TRX to USDT Instantly Using Symbiosis

June 27, 2025
The Best of Both Worlds in Cryptocurrency and Online Trading
Blockchain

Crypto Integration in Traditional Fintech Platforms

June 25, 2025
What Influences Our Gaming Habits?
Blockchain

What Influences Our Gaming Habits?

June 24, 2025

HW Newsroom

Why These Jewish Symbols Still Matter Today
Arts

Why These Jewish Symbols Still Matter Today

by Dennis Keller
July 1, 2025

Jewish symbols have served as reminders of identity and tools of connection. After centuries of exile and resilience, these sacred...

What Jewish Symbols Really Mean: From Ancient Art to Modern Judaica

What Jewish Symbols Really Mean: From Ancient Art to Modern Judaica

July 1, 2025
A Vivid Window Into the Past, A Beacon of Hope for the Future

A Vivid Window Into the Past, A Beacon of Hope for the Future

June 30, 2025
Preventative Botox®: The Strategy for Keeping Skin Smooth Before Wrinkles Set In

Preventative Botox®: The Strategy for Keeping Skin Smooth Before Wrinkles Set In

June 27, 2025
9 Most Popular Gaming Genres

4 Tips for Safe Online Gaming

June 27, 2025
From Strategy to Execution: The Full Spectrum of White Label Digital Marketing

From Strategy to Execution: The Full Spectrum of White Label Digital Marketing

June 27, 2025
How to Swap TRX to USDT Instantly Using Symbiosis

How to Swap TRX to USDT Instantly Using Symbiosis

June 27, 2025
Why Cyber Security Is Vital for Small Businesses

Mastering Server Stress Testing in 2025: Why Stressthem Is the Go-To Stresser Tool

June 27, 2025
Gold Cup Showdown: Can Mexico or the U.S. Hold Off Rising Challengers?

Gold Cup Showdown: Can Mexico or the U.S. Hold Off Rising Challengers?

June 27, 2025
Notable New Yorkers in the Music Industry Under 40

Wondering What Your NYC Move Will Cost? Let’s Break It Down + Get a Free Quote

June 27, 2025
From Investopedia to eCheckcasinos.ca – Exploring the World of Responsible Betting: An Interview with Lucy Adegbe

From Investopedia to eCheckcasinos.ca – Exploring the World of Responsible Betting: An Interview With Lucy Adegbe

June 27, 2025
The Impact of Artificial Intelligence on Healthcare: Key Aspects and Their Importance

The Impact of Artificial Intelligence on Healthcare: Key Aspects and Their Importance

June 27, 2025
No Result
View All Result

Headlines

Why Ignoring HVAC Maintenance Can Cost You More in the Long Run

Tips to Buy Cylinder Carts: What You Need to Know

Benefits of Boat and RV Services in Austin

Why These Jewish Symbols Still Matter Today

What Jewish Symbols Really Mean: From Ancient Art to Modern Judaica

A Vivid Window Into the Past, A Beacon of Hope for the Future

Trending

Understanding Caregiver Insurance: What You Need to Know
Financial

Understanding Caregiver Insurance: What You Need to Know

by Hayley Chowdhry
July 1, 2025

Caregiving is a noble profession filled with challenges and rewards. As the need for caregiving services continues...

Reasons Why You Need a High-Quality Mouse Pad

Reasons Why You Need a High-Quality Mouse Pad

July 1, 2025
Why Ignoring HVAC Maintenance Can Cost You More in the Long Run

Why Ignoring HVAC Maintenance Can Cost You More in the Long Run

July 1, 2025
Tips to Buy Cylinder Carts: What You Need to Know

Tips to Buy Cylinder Carts: What You Need to Know

July 1, 2025
Benefits of Boat and RV Services in Austin

Benefits of Boat and RV Services in Austin

July 1, 2025
  • Kia America представляет цены и захватывающие обновления для Sorento 2025 (ICE)

https://madisongraph.com/kia-america-unveils-pricing-and-exciting-updates-for-2025-sorento-ice/

#nyc #losangeles #chicago #houston #phoenix #philadelphia #sandiego #dallas #sanfrancisco #seattle #denver #washingtondc #boston #detroit #vancouver #toronto #publicrelations #marketingagency #earnedmedia #editorial #marketing #guestpost #guestposting #sponsored #sponsoredpost
  • Kia Recognized as One of TIME Magazine’s “World’s Most Sustainable Companies of 2024”

https://madisongraph.com/kia-recognized-as-one-of-time-magazines-worlds-most-sustainable-companies-of-2024/

#nyc #losangeles #chicago #houston #phoenix #philadelphia #sandiego #dallas #sanfrancisco #seattle #denver #washingtondc #boston #detroit #vancouver #toronto #publicrelations #marketingagency #earnedmedia #editorial #marketing #guestpost #guestposting #sponsored #sponsoredpost
  • VinFast Auto Establishes Dealer Advisory Board to Enhance Customer Experience

https://madisongraph.com/vinfast-auto-establishes-dealer-advisory-board-to-enhance-customer-experience/

#nyc #losangeles #chicago #houston #phoenix #philadelphia #sandiego #dallas #sanfrancisco #seattle #denver #washingtondc #boston #detroit #vancouver #toronto #publicrelations #marketingagency #earnedmedia #editorial #marketing #guestpost #guestposting #sponsored #sponsoredpost
  • Medicare Announces Expansion of Coverage for Microprocessor-Controlled Knees for Lower Mobility Users

https://lincolncitizen.com/medicare-announces-expansion-of-coverage-for-microprocessor-controlled-knees-for-lower-mobility-users/

#nyc #losangeles #chicago #houston #phoenix #philadelphia #sandiego #dallas #sanfrancisco #seattle #denver #washingtondc #boston #detroit #vancouver #toronto #publicrelations #marketingagency #earnedmedia #editorial #marketing #guestpost #guestposting #sponsored #sponsoredpost
  • GA-ASI Successfully Tests PT6 Engine on MQ-9B SkyGuardian Aircraft

https://lincolncitizen.com/ga-asi-successfully-tests-pt6-engine-on-mq-9b-skyguardian-aircraft/

#nyc #losangeles #chicago #houston #phoenix #philadelphia #sandiego #dallas #sanfrancisco #seattle #denver #washingtondc #boston #detroit #vancouver #toronto #publicrelations #marketingagency #earnedmedia #editorial #marketing #guestpost #guestposting #sponsored #sponsoredpost
  • U.S. Leading Economic Index Declines by 0.2% in June 2024, Coincident Index Rises by 0.3%

https://fairmontpost.com/u-s-leading-economic-index-declines-by-0-2-in-june-2024-coincident-index-rises-by-0-3/

#nyc #losangeles #chicago #houston #phoenix #philadelphia #sandiego #dallas #sanfrancisco #seattle #denver #washingtondc #boston #detroit #vancouver #toronto #publicrelations #marketingagency #earnedmedia #editorial #marketing #guestpost #guestposting #sponsored #sponsoredpost
  • USTDA Director Travels to Bulgaria and Romania to Promote Clean, Secure Energy

https://belmontstar.com/ustda-director-travels-to-bulgaria-and-romania-to-promote-clean-secure-energy/

#nyc #losangeles #chicago #houston #phoenix #philadelphia #sandiego #dallas #sanfrancisco #seattle #denver #washingtondc #boston #detroit #vancouver #toronto #publicrelations #marketingagency #earnedmedia #editorial #marketing #guestpost #guestposting #sponsored #sponsoredpost
  • Police Recommend a Hidden Camera Detector Device to Protect Privacy

https://marketsherald.com/police-recommend-a-hidden-camera-detector-device-to-protect-privacy/

#nyc #losangeles #chicago #houston #phoenix #philadelphia #sandiego #dallas #sanfrancisco #seattle #denver #washingtondc #boston #detroit #vancouver #toronto #publicrelations #marketingagency #earnedmedia #editorial #marketing #guestpost #guestposting #sponsored #sponsoredpost

© 2025 The Hudson Weekly. Published by The Ritz Herald. Editions: Markets Herald • Lincoln Citizen • Madison Graph • Belmont Star • Fairmont Post

Address: 1177 6th Avenue, 5th Floor, New York, NY 10036. Removals: pr@hudsonweekly.com. Phone: (718) 313-5252. M-F: 9AM-5PM. Privacy Policy

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In

Add New Playlist

No Result
View All Result
  • Financial
  • Blockchain
  • Technology
  • Entertainment
  • Lifestyle
  • Arts
  • Health
  • Sports
  • Cybersecurity

© 2025. The Hudson Weekly