Submit News All Crypto News

NXT-ID (Nasdaq: $NXTD) Subsidiary Fit Pay Now Taking Pre-Orders for FlipTM – a Contactless Payment Device for Cryptocurrencies

Category: General


NXT-ID (Nasdaq: $NXTD) Subsidiary Fit Pay Now Taking Pre-Orders for FlipTM – a Contactless Payment Device for Cryptocurrencies

Contactless payment instrument to be funded with value exchanged from cryptocurrency

MELBOURNE, Florida, February 22, 2018 – (Investorideas.com Newswire) Fit Pay, Inc., a wholly owned subsidiary of NXT-ID, Inc. (NASDAQ: NXTD), today announced that it is now accepting pre-orders for 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 new device, which was announced earlier this month, uses value exchanged from cryptocurrency to make traditional payment transactions. Pre-order Flip at www.FliptoPay.com.

Read this news in full at http://www.investorideas.com/CO/NXT/news/2018/02221FlipPreOrders.asp

“Flip represents an exciting expansion of the FitPay Payment Platform by connecting cryptocurrencies to the payment ecosystem,” said Michael Orlando, COO of NXT-ID and President of Fit Pay, Inc. “We founded Fit Pay to fundamentally change the payment experience, and making contactless payments with cryptocurrency is a big step toward that goal.”

Flip’s near field communication (NFC) antenna allows 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 user’s 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. Flip does not need to be charged. Initially, Flip will accept value exchanged from Bitcoin and will potentially expand to other cryptocurrencies in the future.

“Flip’s coin-shaped form factor and distinctive coloring are definitely attention grabbing,” said Orlando. “Early adopters who are already into Bitcoin, can now pre-order Flip and be among the first to make a contactless payment with their cryptocurrency.”

“NXT-ID’s expansion into the cryptocurrency space is a natural extension of our leading edge fintech capabilities,” said Gino Pereira, CEO of NXT-ID. “In addition to helping make crypto currencies more usable on a daily basis we are also pursuing applications for blockchain technology in our core payment and healthcare businesses.”

Consumers interested in purchasing Flip can pre-order the device at FliptoPay.com. The retail price for Flip is $29 with standard shipping included. There are account and exchange fees associated with maintaining a Flip digit wallet. Initial deliveries expected in the second quarter of 2018. Customers will only be charged when the product is shipped to them. Flip is currently only available in the United States. For more information, visit FliptoPay.com.


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


Pieta Token Sale Is Live (Only 1 Day Left)! Join Now to Get 40% Bonus!
The first phase pre-sale of Pieta was started on January 15 and concluded on February 14, followed by the second phase pre-sale which started on February 15 and is set to end on March 15. Yes, you heard it right. The exclusive pre-sale of Pieta tokens with 40% bonus offer is going to end in just one

Pieta Pre ICO Sale II Phase Is Still Ongoing: 3 Days Left
The second pre-ICO of Pieta which started on 15th February is set to end on 14th March. The project has done well during this period, and a lot of investors have shown their interest and made a contribution to the project. We would like to thank all our investors for believing in us, in the Pieta, a

II Phase of Pieta Pre ICO Sale Goes Live: Buy Now To Get Early Benefits
The second phase pre-sale of Pieta tokens is live now. Those who missed the chance to invest in the first phase sale can invest now to enjoy a 40% bonus on their token purchases. A total of 400,000 tokens will be on sale during the 2nd phase sale which ends on the 14th of March. The bonus offer is e

Don't Waste a Minute: Pieta Pre Sale Is Still Ongoing (40% Additional Bonus)
This is the last call to all the potential investors who are considering to invest in the Pieta token during the ongoing sale. The pre-sale 2nd phase is going to end soon. You can invest now and enjoy an exclusive offer of a 40% bonus on your token purchases along with a special discounted price. Co

Pieta Airdrop Started: First 1800 participants to get 100 Free tokens ($150) Each. Join Now!
Pieta is a solar power based blockchain platform for cryptocurrency mining with objectives to greet the eco-friendly mining affordable and accessible for every individual irrespective of their technical and financial backgrounds.The adoption of X20 algorithm for cryptocurrency mining cuts down the c

End of Pieta PRE ICO Sale: Last Day To Invest in The Great Project | Only 12 Hours Left
The token enthusiasts and all the potential investors who are looking to become a part of cryptocurrency revolution and a reliable blockchain platform can invest in Pieta pre-ICO tokens today starting with a token price of 0.25 USD (pre-sales). The investors, merchants, and businesses who are loo

BDCC is growing very fast on Trade Satoshi Exchange
Summary: Trade Satoshi, a US-based multi-currency platform.BDCC comes in top-7 on Trade Satoshi compared to the initial value, this mountaineering proves BDCC as the best cryptocurrency. What is the Trade Satoshi Exchange TradeSatoshi is a trading platform for Bitcoin and Altcoins. TradeSat

Huge Discount for Early Buyers: Pieta Token Price Reduced From 2$ to $0.25 (for limited time)
Pieta, the world's first truly green energy powered Blockchain Solution for B2B and B2C commercial transactions, is happy to announce a time-bound $0.25 token price offer for early PITC ICO participants. This one time discount is not only a golden opportunity for token lovers, business owners and

Who can be Day Swappers on the Time Swapper platform?
Summary: Day Swappers are active members who help maintain and grow the Time Swapper platform by performing various activities. Anyone who can do just that can become a Day Swapper. Day Swappers are an important component of the Time Swapper platform. They add to the platform’s growth by simply a

Heads Up Investors! The Pre ICO Sale Of Pieta is Live: Join & Buy Tokens Now
Pieta, which is the world’s first coin that seeks customer’s interest more than its own interest, is proud to announce the first official sale of its tokens. Pieta’s mission is to increase the use of clean solar energy in blockchain mining to reduce the cost of mining and make it more feasible and a

Contact: daniel@coincrunch.com Submit News RSS