NXT-ID (Nasdaq: $NXTD) Subsidiary FitPay® @FitPayInc Enters Into Co-Marketing Agreement with Rapper Lil’ Flip @LilFlip713 to Promote Contactless Payment Device for #Bitcoin
NXT-ID (Nasdaq:
$NXTD) Subsidiary FitPay® @FitPayInc Enters
Into Co-Marketing Agreement with Rapper Lil’ Flip @LilFlip713 to Promote
Contactless Payment Device for #Bitcoin
SEBASTIAN,
Florida, July 23, 2018 – (Investorideas.com
Newswire) Fit Pay, Inc., a wholly owned subsidiary
of NXT-ID, Inc. (NASDAQ: NXTD), today
announced a co-marketing agreement with rapper, record producer and
entrepreneur Wesley Eric Weston, Jr., better known as Lil' Flip aka “Flip
Gate$”. Under the agreement, Lil’ Flip and FitPay
will collaborate to market a contactless payment device that allows Bitcoin
holders to make contactless payments in millions of retail locations with value
exchanged from their cryptocurrency. The device, which will include artwork
designed by Lil’ Flip and carry his branding, leverages the FitPay® Bitcoin
Exchange and payment Token Requestor platforms.
“I’ve
always been ahead of my time. This move was planned 10 years ago. I’m a
calculated mastermind. I pattern my biz moves after greats like J.Prince,
Warren Buffet, Jay-Z and Bill Gates. That’s why my nickname is FLIP GATE$ and
don’t forget the dollar sign. Checkmate!!!!! #KINGLIFE,” said Lil’ Flip. “Great
to work with a company like FitPay that is forward thinking and shares my
vision.”
The
coin-shaped device will store a preloaded amount of U.S. dollars that are
exchanged from the user’s existing Bitcoin account and has a digital wallet
that allows users to set how much value they would like their device to hold
and when they would like it to reload. It includes near field communication
(NFC) antenna allowing users to tap and pay at any retail point of sale
location that accepts contactless payments. The artwork on the device will be
designed by Lil’ Flip and reflect his branding.
“Through his music, videos, social media and other content
channels, Lil’ Flip speaks to and connects with a broad of community of Bitcoin
and cryptocurrency enthusiasts,” Michael Orlando, COO of NXT-ID and President
of Fit Pay, Inc. “We see this agreement as a unique avenue for reaching an
audience that is highly interested in new technologies within cryptocurrency.”
Lil’
Flip’s primary content and
social media platforms include his website CloverG.com, video channel
YouTube.com/CloverGtv, and @LilFlip713 on Facebook, Instagram, and Twitter.
Through these outlets Lil’ Flip will be introducing his branded contactless
payment device or “Flip Chips” via interviews, tutorial videos, his signature
freestyles, and a variety of other strategic marketing techniques.
Lil’
Flip and Fit Pay will collaborate on the marketing and promotion of the device.
A launch date for the product has not been released. Consumers interested in
joining an interest list for the product can sign up at www.LilFlipChip.com. There are account and exchange fees associated with using the
device.
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.
1.760.468.7273
D.
Van Zant
1.800.665.0411
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