Media Alert: NXT-ID (Nasdaq: $NXTD) Paymentweek.com - ‘NXT-ID’s Fit Pay Makes Paying By Bitcoin Almost Anywhere Possible’
Media Alert: NXT-ID (Nasdaq: $NXTD) Paymentweek.com - ‘NXT-ID’s Fit Pay
Makes Paying By Bitcoin Almost Anywhere Possible’
MELBOURNE, Florida, February 13, 2018 Investorideas.com,
a leader in Blockchain content with its Bitcoin and Blockchain portals Bitcoinandblockchainstocks.com, Cryptocurrencyinvestorideas.com and Blockchaininvestorideas.com reports
on NXT-ID, Inc. (NASDAQ: NXTD) and its subsidiary Fit Pay, Inc.’s recent media coverage following the news of the upcoming
launch of Flip. Flip is a new contactless payment device that will enable
cryptocurrency holders to use the value of their currency to make purchases at
millions of retail locations. https://www.fliptopay.com/
Read this news in
full at http://www.investorideas.com/CO/NXT/news/2018/02132MediaAlert.asp
The most recent
article comes today from PaymentWeek
author Steven Anderson whose article titled “NXT-ID’s Fit Pay Makes Paying By Bitcoin Almost Anywhere Possible” states in part: “While bitcoin’s price tag is
taking a beating the likes of which makes the Bill Buckner era of the Red Sox
look like a Sunday school picnic by comparison, one company may have just
launched something that could turn it around: a means to use bitcoin as an
actual, no-fooling legal tender currency. Or at least, after a fashion. It’s
called Flip, and it comes our way from NXT-ID’s Fit Pay unit.”
He goes on to write,
“Cryptocurrency in general, and bitcoin in particular, has long been faulted
for its less than useful nature, particularly in its lengthy processing times
and comparative lack of security. That’s made any potential of it being used as
an actual currency pretty much dry up and blow away. But if NXT-ID has really
found a way to do this—and it sounds like it has—then it may have fundamentally
changed the nature of cryptocurrency from being an early-adopter toy and a
speculative investor’s fancy to a potentially real alternative to cash.
By simply carrying
out conversions and advancing a certain percentage against volume, NXT-ID may
have removed the “slow conversion” problem altogether. Only time will tell if
this catches on, but NXT-ID may have given crypto a whole new life.”
Read the full article
at https://paymentweek.com/2018-2-13-nxt-ids-fit-pay-makes-paying-bitcoin-almost-anywhere-possible/
Read other recent
media coverage below:
Recent Media Coverage
PYMNTS.COM
February 8, 2018
NXT-ID Enables Pay With Bitcoin
ThePaypers.com
February 9, 2018
Fit Pay rolls out contactless payment device for cryptocurrencies
Digital Transactions
February 8, 2018
Fit Pay Announces Flip, a Wearable for NFC Transactions Based on Bitcoin
Finextra
February 8, 2018
Fit Pay opens waiting list for cyrptocurrency tap-and-pay device
CNA Finance
February 8, 2018
NXT-ID (NXTD) Stock: Gaining Big On Gains On Flip
The launch of the new
device follows a December 2017 announcement by Fit Pay that it is expanding its
platform to connect cryptocurrencies to the payment ecosystem. Leveraging the
FitPay Payment PlatformTM, Flip will use value exchanged from
cryptocurrency to make traditional payment transactions. The FitPay will begin
taking pre-orders for Flip in February 2018 on a date to be announced.
NXT- ID, Inc. and Fit Pay, Inc.
NXT-ID, Inc. (NASDAQ: NXTD) provides a comprehensive
platform of technology products and services that enable the Internet of Things
(IoT). With extensive experience in access control,
biometric and behavior-metric identity verification, security and privacy,
encryption and data protection, payments, miniaturization and sensor
technologies, NXT-ID develops and markets groundbreaking solutions for payment
and IoT applications. Its industry-leading technology products and solutions
include MobileBio®, a suite of
biometric solutions that secure consumers' mobile platforms, the Wocket™, a next-generation smart
wallet and the Flye, a digital credit card developed in
collaboration with WorldVentures. NXT-ID includes three mobile and IoT-related
subsidiaries: LogicMark,
LLC, a manufacturer and distributor of non-monitored
and monitored personal emergency response systems ("PERS") sold
through dealers/distributors and the United States Department of Veterans
Affairs; Fit Pay,
Inc., a proprietary
technology platform that delivers end-to-end solutions to device manufacturers
for contactless payment capabilities, credential management, authentication and
other secure services within the IoT ecosystem, and 3D-ID LLC, which is engaged in biometric
identification and authentication. Learn more about NXT-ID at www.nxt-id.com. NXT-ID Inc. Corporate Contact: info@nxt-id.com. FitPay and the FitPay Payment Platform are trademarks
of Fit Pay, Inc.
Forward-Looking Statements for NXT-ID: This press release contains forward-looking statements within the
meaning of the Private Securities Litigation Reform Act of 1995.
Forward-looking statements reflect management's current expectations, as of the
date of this press release, and involve certain risks and uncertainties.
Forward-looking statements include statements herein with respect to the
successful execution of the Company's business strategy. The Company's actual
results could differ materially from those anticipated in these forward-looking
statements as a result of various factors. Such risks and uncertainties
include, among other things, our ability to establish and maintain the
proprietary nature of our technology through the patent process, as well as our
ability to possibly license from others patents and patent applications
necessary to develop products; the availability of financing; the Company's
ability to implement its long range business plan for various applications of
its technology; the Company's ability to enter into agreements with any
necessary marketing and/or distribution partners; the impact of competition,
the obtaining and maintenance of any necessary regulatory clearances applicable
to applications of the Company's technology; and management of growth and other
risks and uncertainties that may be detailed from time to time in the Company's
reports filed with the Securities and Exchange Commission.
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