#Crypto News: Nxt-ID (NASDAQ: $NXTD) Subsidiary Fit Pay® Media Alert and FAQ for Flip™ - Contactless Payment Device for Bitcoin
#Crypto News: Nxt-ID
(NASDAQ: $NXTD) Subsidiary Fit Pay® Media Alert and FAQ for Flip™ - Contactless
Payment Device for Bitcoin
Video Demonstrates how Flip Works
SEBASTIAN, Florida - May 21, 2019 – (investorideas.com
Newswire) Fit Pay, Inc., a wholly owned subsidiary of Nxt-ID, Inc. (NASDAQ: NXTD), issues a media alert for featuring a new product video and updated
Frequently Asked Questions (FAQs) for Flip™. Flip is a contactless payment
device that enables Bitcoin holders to exchange their cryptocurrency into U.S.
dollars and use that value to make contactless purchases at millions of retail
locations.
Read this in full at https://www.investorideas.com/CO/NXT/news/2019/05211FitPay-ContactlessPayment-Bitcoin.asp
Flip FAQ's:
Where does Flip Work?
Flip works at retail locations with supported
contactless payment terminals.
How does Flip work?
Flip exchanges your Bitcoin 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 a contactless payment point of
sale terminal. Simply tap your Flip to pay.
The Company previously announced in April 2019 that
it commenced shipments of confirmed pre-orders of Flip and expects to ramp up
full production and marketing of Flip in the first half of 2019.
Flip's near field communication (NFC) antenna
allows it to transact payments at any retail point of sale location that
accepts supported contactless payments. Flip stores value exchanged from the
user's compatible Bitcoin wallet into U.S. dollars. Flip includes a digital
wallet to manage the exchange of Bitcoin to U.S. dollars and the loading of
value on the device. Flip does not need to be charged. Non-fiat funds (i.e.
cryptocurrency) must first be converted to U.S. dollars before those funds are
loaded onto Flip.
Consumers interested in purchasing Flip can order
the device at FliptoPay.com. The retail price for Flip is $29. There are account and exchange fees
associated with maintaining a Flip digital wallet. Flip is currently only
available in the United States. For more information, including applicable
fees, and to order Flip, visit FliptoPay.com.
About 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.
NXT-ID includes 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 and 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. Learn more about NXT-ID at www.nxt-id.com. FitPay and the FitPay Payment Platform are the
sole property of Fit Pay, Inc. For NXT-ID Inc. corporate information
contact: info@nxt-id.com
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.
Media Contacts:
Source:
NXT Inc.
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