Submit News All Crypto News

NXT-ID (Nasdaq: $NXTD) Subsidiary Fit Pay Announces FlipTM @FlipToPay a Contactless Payment Device for Cryptocurrencies

Category: General


Breaking Payment News: NXT-ID (Nasdaq: $NXTD) Subsidiary Fit Pay Announces FlipTM @FlipToPay a Contactless Payment Device for Cryptocurrencies

Contactless payment instrument to be funded with value exchanged from cryptocurrency

MELBOURNE, Florida, February 8, 2018 (Investorideas.com Newswire) Fit Pay, Inc., a wholly owned subsidiary of NXT-ID, Inc. (NASDAQ: NXTD), today announced FlipTM, 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. 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.

Read this news in full at http://www.investorideas.com/CO/NXT/news/2018/02081Flip.asp

Flip is a very convenient way to use cryptocurrency value to make retail transactions, said Michael Orlando, COO of NXT-ID and President of Fit Pay, Inc. Not only does it seamlessly exchange cryptocurrency into dollars, its contactless, giving users a simple tap-to-pay experience.

Flip will be near field communication-enabled (NFC) allowing it to transact payments at any retail point of sale location that accepts contactless payments. Flip will store a preloaded amount of U.S. dollars that are exchanged from the users existing cryptocurrency account. It 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. Initially, Flip will accept value exchanged from Bitcoin and will potentially expand to other cryptocurrencies in the future.

When we announced that we were extending the FitPay Platform to cryptocurrencies, our goal was leverage our existing technology to connect cryptocurrencies to the payment ecosystem, said Orlando. Thats exactly what Flip achieves. And it continues to expand our offerings, furthering our mission to fundamentally change the way people pay.

Consumers interested in Flip can add their email address to the Flip interest list at FliptoPay.com. Pre-orders for Flip on FliptoPay.com will begin in February 2018 on a date to be announced, with initial deliveries expected in the second quarter of 2018. Flip is currently only available in the United States. For more information, visit FliptoPay.com.

FitPay and Cascade Financial Technology Corp (Cascade FinTech) recently announced an agreement for the joint development of the platform that will be used to enable Flip, giving cryptocurrency holders the ability to use the value exchanged from cryptocurrency to be used for traditional payment transactions. The agreement is an expansion of an existing relationship between the two companies to provide prepaid capabilities on wearable and Internet of Things (IoT) devices connected to the FitPay Payment Platform. The prepaid, or GPR, option gives consumers with FitPay's contactless payment-enabled devices the convenience of storing funds directly on their device. Under the previous agreement, the FitPay Platform connects to the Cascade CloudTM to enable contactless payment GPR devices in a variety of form factors.

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.

Media Contacts:

Chris Orlando
chris@fit-pay.com
1.760.468.7273

D. Van Zant
press@nxt-id.com
1.800.665.0411

Visit this company: nxt-id.com; 3d-id.net; wocketwallet.com/

More info on NXTD at Investorideas.com Visit: http://www.investorideas.com/CO/NXT/

This news is published on the Investorideas.com Newswire - a global digital news source for investors and business leaders

Sign up for free news alerts
http://www.investorideas.com/Resources/Newsletter.asp

Disclaimer/Disclosure:
Investorideas.com is a digital publisher of third party sourced news, articles and equity research as well as creates original content, including video, interviews and articles. Original content created by investorideas is protected by copyright laws other than syndication rights. Our site does not make recommendations for purchases or sale of stocks, services or products. Nothing on our sites should be construed as an offer or solicitation to buy or sell products or securities. All investment involves risk and possible loss of investment. This site is currently compensated for news publication and distribution, social media and marketing, content creation and more. Contact each company directly regarding content and press release questions. Disclosure is posted for each compensated news release, content published /created if required but otherwise the news was not compensated for and was published for the sole interest of our readers and followers. More disclaimer info: http://www.investorideas.com/About/Disclaimer.asp. Disclosure: Nxt-ID, Inc. (NXTD) is a long term paid news publication and PR client of Investorideas.com. Renewed October 1, 2017 - see details at http://www.investorideas.com/About/News/Clientspecifics.asp




Contact
Chris Orlando
chris@fit-pay.com
1.760.468.7273

D. Van Zant
press@nxt-id.com
1.800.665.0411
Share on Facebook Share on Twitter Share on Whatsapp Share on Reddit


Cryptocoin News RSS


O Som De L C V Aquarius Tanganica
Luck prevailed thanks to a visit to nightclub in the ten days before the tour began, Oakey found and recruited two teenage girls to be his backing vocals. So ladies and gentlemen, have mercy on poor Rod and his ugly face and remember that he at least started out as one of the best rock musicians on

Супер давно искал
+ за пост

технология 6 класс ответы симоненко
} а

Cowrium Pre ICO Sale is Live: 11 Days Left for Up To 50% Bonus
The pre-ICO sale of Cowrium, which started on January 1st, 2020, is still running successfully. The first stage sale will end on the 31st of January and with that, the opportunity to get up to 50% bonus on your CWR coin purchases may also end. If you have decided to buy the CWR (Cowrie) coins, th

baise en bottes
massage sexe annecy site plan sexe gratuit mario sexe porno senior site de rencontre gratuit lille sodomie de beurette compilation porno petite pute japonaise baise fontaine elle baise un taureau site de rencontre pour veuve partouze au resto jeux en ligne porno meilleur site de rencontre foru

Friv
Are you searching for something enjoyable, convenient and complimentary? Friv https://fr-iv.games/ might be a bright idea to keep on your own delighted anywhere. Enable me to call various reasons that you ought to try having a look at Flash games on days when you can simply pass away o

porr fran forr
porr novelle singlar helsingborg porr kvinnor eva malm porr sadist porr kk dejt porr med dildo singlar i halmstad svensk hora porr babes porr unga porr vissla dejting free aloha mom porr porr tonaring dominant porr porr stora brost porr app student porr ratis porr kajsa lotta porr sexig porr por

Pozole Recipe
Red Pork Pozole https://pozole-recipe.com/ soup is my favorite Mexican recipe pass on. It's straightforward, earthy, abundant as well as enjoyable. Pozole is pork or hen-- this recipe requires pork-- and also hominy in a gently zesty guajillo and also ancho chile brew garnished with shredded cabbage

A-Line Wedding Dresses Make You Feel And Look Great
It's rather a very good idea as long as not necessarily too extreme and overstated. Unless you are usually truly impaired, if other individuals can do it, you can, as well, if you put your mind into it.

Women's clothing and accessories from the UK
Women's clothing and accessories from the UK https://fas.st/-8K5a

Contact: daniel@coincrunch.com Submit News RSS