MELBOURNE, Florida,
March 28, 2018 /PRNewswire/ --
Fit Pay, Inc., a wholly owned
subsidiary of NXT-ID, Inc. (NASDAQ: NXTD), issues a product FAQ
(https://www.fliptopay.com/#FAQ) for Flip™, its new contactless
payment device that will enable cryptocurrency holders to use the
value of their currency to make purchases at millions of retail
locations.
FAQ:
What is FLIP?
FLIP is a contactless payment device
that allows the users to use their cryptocurrency
value for traditional payment transactions. Flip enables
cryptocurrency holders to seamlessly exchange their cryptocurrency
for US dollars and store that value on a contactless payment device
that can be used to make purchases at retail locations.
Where does Flip Work?
Flip works anywhere contactless
payments are accepted.
What cryptocurrencies does Flip
support?
Initially, Flip will accept value
exchanged from Bitcoin. It will potentially expand to other
cryptocurrencies in the future.
How does Flip work?
Flip exchanges the cryptocurrency
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 any contactless payment point of sale terminal.
Simply tap Flip to pay.
Read the full FAQ:
https://www.fliptopay.com/#FAQ
Consumers interested in purchasing Flip
can pre-order the device at FliptoPay.com. The regular retail price
for Flip is $29 with standard
shipping included. For a limited time offer consumers can order
Flip at 50% off at $14.50.
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
SOURCE NXT-ID, Inc.