Media Alert: Flip™ FAQ for New Contactless Payment Device for Cryptocurrencies
Media
Alert: Flip™ FAQ for New Contactless Payment Device for Cryptocurrencies
Limited Time
offer Discount to Consumers
MELBOURNE, Florida, March 28, 2018 – Fit Pay, Inc., a wholly owned subsidiary of NXT-ID, Inc. (NASDAQ: NXTD), issues a product FAQ (https://www.fliptopay.com/#FAQ) for Flip™, its new contactless payment device that will enable cryptocurrency
holders to use the value of their currency to make purchases at millions of
retail locations.
Read this news in full at http://www.investorideas.com/CO/NXT/news/2018/03281FlipForCryptocurrencies.asp
FAQ:
What is FLIP?
FLIP is a contactless payment device that allows you to use your
cryptocurrency value for traditional payment transactions. Flip enables
cryptocurrency holders to seamlessly exchange their cryptocurrency for US
dollars and store that value on a contactless payment device that can be used
to make purchases at retail locations.
Where does Flip Work?
Flip works anywhere contactless
payments are accepted.
What cryptocurrencies does Flip support?
Initially, Flip will
accept value exchanged from Bitcoin. It will potentially expand to other
cryptocurrencies in the future.
How does Flip work?
Flip exchanges your cryptocurrency
value into US dollars, which are then used to fund a prepaid-payment device.
The near field communication (NFC) device can then be used at any contactless
payment point of sale terminal. Simply tap your Flip to pay.
Read the full FAQ:
Consumers interested in purchasing Flip can pre-order the device
at FliptoPay.com. The regular retail
price for Flip is $29 with standard shipping included. For a limited time offer
consumers can order Flip at 50% off at $14.50.
There are account and exchange fees associated with maintaining a
Flip digit wallet. Initial deliveries expected in the second quarter of 2018.
Customers will only be charged when the product is shipped to them. Flip is
currently only available in the United States. For more information, visit FliptoPay.com.
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.
D. Van Zant
1.800.665.0411
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