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"Passfeed is ready to launch," Hannah told the crowd, noting that Passfeed's vision is to build a unique social and shopping experience platform that would bring to fruition services like Paylater, iPoints, and Refer a Friend discounts by sharing Passfeed's shopping link with friends either through text or on social media.
As part of the effort, Hu has unveiled Passfeed's most versatile feature: Paylater. For those without access to traditional banking methods, or those who prefer to not use a bank for their financial needs, they can breathe a sigh of relief because Passfeed has solved how customers can bank more smoothly and securely.
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This comes after the company finalized its registration with the Financial Crimes Enforcement Network (FinCEN) to become a Money Service Business (MSB). This distinction will allow Passfeed customers another option to borrow money outside the corporate banking system.
With this official government distinction, Passfeed is able to lend its users various amounts in spending power per year based on their credit score. As an MSB, the company is taking the next step forward in transforming its App into a one-stop-shop for customers to borrow funds for purchases.
She ended her opening remarks highlighting that Password's team is ready for the challenge and how confident she is as the App hits the market.
"We believe that for the future, people will be highly involved in Passfeed's platform because of its Digital Wallet, infused with social shopping for everyone."
Hu believes that Passfeed is going to be the cornerstone of a new shopping era for American consumers.
Founded in 2018 by start-up entrepreneur, Richard Wang, Passfeed is reinventing online shopping. Our Fintech/eCommerce experience combines the best features of social shopping and banking. Consumers can shop, store and send money, share gift certificates and even take advantage of our Paylater service. The social sharing capabilities rewards our users with earned iPoints — which are then used to save money on additional purchases.
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You can learn more about Passfeed by logging onto www.Passfeed.com or by downloading the App for free at (https://itunes.apple.com/us/app/passfeed-local-shopping-app/id897068725?mt=8) https://apps.apple.com/us/app/passfeed (https://apps.apple.com/us/app/passfeed-local-sh...) for your iOS device.
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