MELBOURNE, Florida - February 13, 2018 (Investorideas.com Newswire) Investorideas.com, a leader in Blockchain content with its Bitcoin and Blockchain portals Bitcoinandblockchainstocks.com, Cryptocurrencyinvestorideas.com and Blockchaininvestorideas.com reports on NXT-ID, Inc. (NASDAQ: NXTD) and its subsidiary Fit Pay, Inc.'s recent media coverage following the news of the upcoming launch of Flip. Flip is a new contactless payment device that will enable cryptocurrency holders to use the value of their currency to make purchases at millions of retail locations. https://www.fliptopay.com/
The most recent article comes today from PaymentWeek author Steven Anderson whose article titled "NXT-ID's Fit Pay Makes Paying By Bitcoin Almost Anywhere Possible" states in part: "While bitcoin's price tag is taking a beating the likes of which makes the Bill Buckner era of the Red Sox look like a Sunday school picnic by comparison, one company may have just launched something that could turn it around: a means to use bitcoin as an actual, no-fooling legal tender currency. Or at least, after a fashion. It's called Flip, and it comes our way from NXT-ID's Fit Pay unit."
He goes on to write, "Cryptocurrency in general, and bitcoin in particular, has long been faulted for its less than useful nature, particularly in its lengthy processing times and comparative lack of security. That's made any potential of it being used as an actual currency pretty much dry up and blow away. But if NXT-ID has really found a way to do this-and it sounds like it has-then it may have fundamentally changed the nature of cryptocurrency from being an early-adopter toy and a speculative investor's fancy to a potentially real alternative to cash.
By simply carrying out conversions and advancing a certain percentage against volume, NXT-ID may have removed the "slow conversion" problem altogether. Only time will tell if this catches on, but NXT-ID may have given crypto a whole new life."
Read the full article at https://paymentweek.com/2018-2-13-nxt-ids-fit-pay-makes-paying-bitcoin-almost-anywhere-possible/
Read other recent media coverage below:
Recent Media Coverage
February 8, 2018
NXT-ID Enables Pay With Bitcoin
February 9, 2018
Fit Pay rolls out contactless payment device for cryptocurrencies
February 8, 2018
Fit Pay Announces Flip, a Wearable for NFC Transactions Based on Bitcoin
February 8, 2018
Fit Pay opens waiting list for cyrptocurrency tap-and-pay device
February 8, 2018
NXT-ID (NXTD) Stock: Gaining Big On Gains On Flip
The launch of the new device follows a December 2017 announcement by Fit Pay that it is expanding its platform to connect cryptocurrencies to the payment ecosystem. Leveraging the FitPay Payment PlatformTM, Flip will use value exchanged from cryptocurrency to make traditional payment transactions. The FitPay will begin taking pre-orders for Flip in February 2018 on a date to be announced.
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: firstname.lastname@example.org. 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.
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