New version

You can now set the timeout period in time units other than milliseconds (Minutes, Seconds).
For example:

FTV.setTimeout(0.5, FadingTextView.TimeUnit.MINUTES);

Or:

FTV.setTimeout(30, FadingTextView.TimeUnit.SECONDS);

Also, added an option to set the timeout period to the default value:

FTV.setTimeout(FadingTextView.DEFAULT_TIME_OUT);