$NXTD Media Alert: #FitPay #Bitcoin Device Attempts to Bridge Gap Between #Crypto, Traditional Payments
$NXTD
Media Alert: #FitPay #Bitcoin Device Attempts to Bridge Gap Between #Crypto,
Traditional Payments
ME
Staff/ Market Exclusive - January 14, 2019 - Fit Pay, a subsidiary of Nxt-ID (NASDAQ: NXTD ), has unveiled
Flip, a new contactless payment device that enables Bitcoin (BTC-USD) holders to make
contactless purchases at millions of retail locations.
The
company will begin shipping initial orders of Flip in February.
Flip’s
near field communication (NFC) antenna allows it to transact payments at any
retail point of sale location that accepts contactless payments. Flip stores a
preloaded amount of U.S. dollars that are exchanged from the user’s existing
Bitcoin account.
The
device includes a digital wallet that allows the user to set how much value
they would like their Flip to hold and when they would like it to reload. Flip
does not need to be charged. Users need to first convert cryptocurrency to U.S.
Dollars before loading them onto Flip.
“Flip
bridges the gap between cryptocurrencies and traditional payments, providing
Bitcoin holders the ability to use their value for everyday transactions,”
Michael Orlando, COO of NXT-ID and president of Fit Pay, said in a statement.
Flip
is currently only available in the U.S. The device can be purchased at
FliptoPay.com.
The
post FitPay
Bitcoin Device Attempts to Bridge Gap Between Crypto, Traditional Payments
appeared first on Market Exclusive.
Media Contacts:
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