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Investorideas.com - #CryptoCorner: ( $NXTD) - Fit Pay's Flip #Bitcoin Payment Device @FlipToPay to Begin Shipping, Hacked Japanese Exchange Coincheck is Licensed, Indian Bank Orders Clients Not to Use Crypto and 5 New #Crypto ATMS Installed Each Day
#CryptoCorner: ( $NXTD) - Fit Pay's Flip #Bitcoin Payment Device @FlipToPay to Begin Shipping, Hacked Japanese Exchange Coincheck is Licensed, Indian Bank Orders Clients Not to Use Crypto and 5 New #Crypto ATMS Installed Each Day
January 11th #CryptoCorner and Podcast sponsored by Crypto payment tech, #Flip @FlipToPay ($NXTD) and Genesis Exchange and Wallet App @GenesisBlockch
Point Roberts, WA and Delta, BC - January 11, 2019 (Investorideas.com Newswire) Investorideas.com, a leader in crypto and blockchain investing news, in partnership with Fit Pay, Inc.'s (subsidiary of NXT-ID (NASDAQ: NXTD) crypto payment tech, Flip and the Genesis Exchange and Wallet App bring you today's edition of the Crypto Corner podcast and commentary on what's driving the cryptocurrency market.
#CryptoCorner: ( $NXTD) - Fit Pay's Flip #Bitcoin Payment Device to Begin Shipping, Hacked Japanese Exchange Coincheck is Licensed, Indian Bank Orders Clients Not to Use Crypto and 5 New #Crypto ATMS Installed Each Day
Fit Pay's Flip™ Bitcoin Payment Device to Begin Shipping, Hacked Japanese Exchange Coincheck is Licensed, Indian Bank Orders Clients Not to Use Crypto and 5 New Crypto ATMS Installed Each Day
Stocks discussed: (NasdaqCM:NXTD)
Fit Pay, Inc. a subsidiary of Nxt-ID, Inc. (NasdaqCM:NXTD) will begin shipping initial orders of Flip™, a new contactless payment device that enables Bitcoin holders to use the value of their currency to make contactless purchases at millions of retail locations. According to the press release, confirmed pre-orders of Flip will begin shipping on February 13. Flip utilizes a near field communication (NFC) antenna to allow transactions at any retail contactless payment point and stores a preloaded amount of U.S. dollars that are exchanged from the user's existing Bitcoin account. President of Fit Pay and COO of Nxt-ID, Michael Orlando commented:
"Flip bridges the gap between cryptocurrencies and traditional payments, providing Bitcoin holders the ability to use their value for everyday transactions. We are very pleased that the first Flip users will have their devices soon."
About a year after being notoriously hacked for $530 million USD, Japanese crypto exchange Coincheck has been granted a license, according to a statement released today. To get licensed, Coincheck affirmed that it has committed to improving security.
Since the hacking incident in January 2018 that caused illegal remittances of the cryptocurrency NEM, Coincheck has suspended certain services in order to focus on enhancing governance and internal controls by developing business improvement plans and carrying them out. In addition, supported by outside experts, Coincheck has worked on enhancing technical safety, and gradually resumed the services in which the technical safety had been confirmed.
CCN reports that some Indian banks are requiring customers to sign contracts stating that they will not use cryptocurrencies as part of their terms of service agreement. The source for this is Twitter user @DesiCryptoHodlr, or "Indian CryptoGirl", who posted a photo of a bank's terms and conditions outlining the stipulation regarding crypto.
"...I hereby declare that I will not deal with any transactions related to Crypto-currency including Bitcoins. I also understand and agree that the Bank reserves all right to close my account without further intimation in case I am found to undertake such transactions."
Data from Coin ATM Radar indicates that the rate of growth for new cryptocurrency ATMs installed each day is five. Elsewhere, data from the site shows that, despite the bearish market trends seen this year, the amount of crypto ATMs has more than doubled in the last year and there are now 4165 worldwide.
Flip™ is the creation of Fit Pay, Inc., a leading provider of cutting edge payment technology and a subsidiary of NXT-ID (<NASDAQ: NXTD). By leveraging the FitPay Payment Platform™, 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 millions of retail locations. https://www.fliptopay.com/
Genesis Exchange and Wallet App by Genesis Blockchain Technologies (GBT)
@GenesisBlockch
GBT is a powerful cryptocurrency centralized / decentralized exchange which will include a broad range of services and benefits from cryptocurrency and blockchain markets development, while avoiding complications and risks arising from crytocurrency ownership, transfer, and exchange. You can Download the Genesis Exchange and Wallet App at Google Play and on the Apple App Store. Learn more at http://www.mygenesis.io
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