MELBOURNE, Florida,
January 4, 2018 /PRNewswire/ --
Company to Highlight Recent
Milestones, Including Strategy for Connecting
Cryptocurrencies to the Payment Ecosystem
NXT-ID, Inc. (NASDAQ: NXTD) a provider of payment, credential
management, and authentication platform services and Fit Pay, Inc.,
its wholly owned subsidiary, will be participating the Pepcom
Digital Experience! media event on Monday,
January 8, 2018, at The Mirage Hotel & Casino in
Las Vegas, Nevada from
7:00 to 10:30 pm.
Digital Experience!® is the annual Pepcom media event held in
January on the eve of the Consumer Electronics Show® in
Las Vegas. This is the single most
popular showcase - with exhibitors and press alike - and the
largest media event at the show. Digital Experience! is an
independent event and not affiliated with the show or the Consumer
Technology Association.
NXT-ID, Inc. and Fit Pay, Inc. will demo the FitPay Payment
Platform™, the company's proprietary technology platform
that adds contactless payment capabilities to wearable and IoT
devices. FitPay recently announced that Garmin Pay™, a contactless payment
capability on the Garmin vívoactive 3 smartwatch that is powered by
the FitPay Platform, is now live.
Management will also highlight with attending media its recently
announced strategy to extend the FitPay Payment Platform to
cryptocurrency holders.
On December 20th, Fit
Pay, Inc. and Cascade Financial Technology Corp announced an
agreement for the joint development of a platform that gives
cryptocurrency holders the ability to use the value of their
currency to make purchases at millions of retail locations
worldwide. The new platform will enable devices with stored value
exchanged from cryptocurrency to be used for traditional payment
transactions.
The joint development of the cryptocurrency platform by FitPay
and Cascade FinTech is expected to launch in early 2018.
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 http://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.