SEBASTIAN, Florida,
January 11, 2019 /PRNewswire/ --
Fit Pay, Inc., a wholly owned
subsidiary of Nxt-ID, Inc. (NASDAQ: NXTD), today announced that it
will begin shipping initial orders of Flip™, a new contactless
payment device that enables Bitcoin holders to use the value of
their currency to make contactless purchases at millions of retail
locations. Confirmed pre-orders of Flip will begin shipping on
February 13, 2019.
"Flip bridges the gap between cryptocurrencies and traditional
payments, providing Bitcoin holders the ability to use their value
for everyday transactions," said Michael
Orlando, COO of NXT-ID and President of Fit Pay, Inc. "We
are very pleased that the first Flip users will have their devices
soon."
Flip's near field communication (NFC) antenna allows it to
transact payments at any retail point of sale location that accepts
contactless payments. Flip stores a preloaded amount of U.S.
dollars that are exchanged from the user's existing Bitcoin
account. Flip 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. 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 or to order Flip, 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.