According to the Hong Kong Stock Exchange announcement, Foresight News reports that Jingweitian Land issued a supplementary announcement regarding its self-developed global stablecoin payment platform Fopay. Fopay is an all-in-one payment platform operated by Jingweitian New Century (Hong Kong) Co., Ltd., allowing users to transfer stablecoins to the digital asset sub-custodian of major custodians and apply for virtual or physical VISA prepaid cards for consumption and settlement using their hosted digital assets. Fopay generates revenue through service fees and commissions from consumption amounts.
Foresight News previously reported that Jingweitian Land announced its entry into the crypto payment field on July 21, launching its first mobile application "Fopay", which provides an all-in-one payment platform.
