SEBASTIAN, Florida,
July 23, 2018 /PRNewswire/ --
Fit Pay, Inc., a wholly owned subsidiary of NXT-ID, Inc.
(NASDAQ: NXTD), today announced a co-marketing agreement with
rapper, record producer and entrepreneur Wesley Eric Weston, Jr., better known
as Lil' Flip aka 'Flip Gate$'. Under the agreement, Lil' Flip
and FitPay will collaborate to market a contactless payment device
that allows Bitcoin holders to make contactless payments in
millions of retail locations with value exchanged from their
cryptocurrency. The device, which will include artwork designed by
Lil' Flip and carry his branding, leverages the FitPay® Bitcoin
Exchange and payment Token Requestor platforms.
"I've always been ahead of my time. This move was planned 10
years ago. I'm a calculated mastermind. I pattern my biz moves
after greats like J.Prince, Warren Buffet, Jay-Z and Bill Gates. That's why my nickname is Flip Gate$
and don't forget the dollar sign. Checkmate!!!!! #KINGLIFE," said
Lil' Flip. "Great to work with a company like FitPay that is
forward thinking and shares my vision."
The coin-shaped device will store a preloaded amount of U.S.
dollars that are exchanged from the user's existing Bitcoin account
and has a digital wallet that allows users to set how much value
they would like their device to hold and when they would like it to
reload. It includes near field communication (NFC) antenna allowing
users to tap and pay at any retail point of sale location that
accepts contactless payments. The artwork on the device will be
designed by Lil' Flip and reflect his branding.
"Through his music, videos, social media and other content
channels, Lil' Flip speaks to and connects with a broad of
community of Bitcoin and cryptocurrency enthusiasts," Michael Orlando, COO of NXT-ID and President of
Fit Pay, Inc. "We see this agreement as a unique avenue for
reaching an audience that is highly interested in new technologies
within cryptocurrency."
Lil' Flip's primary content and social media platforms include
his website CloverG.com, video channel YouTube.com/CloverGtv, and
@LilFlip713 on Facebook, Instagram, and Twitter. Through these
outlets Lil' Flip will be introducing his branded contactless
payment device or 'Flip Chips' via interviews, tutorial videos, his
signature freestyles, and a variety of other strategic marketing
techniques.
Lil' Flip and Fit Pay will collaborate on the marketing and
promotion of the device. A launch date for the product has not been
released. Consumers interested in joining an interest list for the
product can sign up at http://www.LilFlipChip.com. There are
account and exchange fees associated with using the device.
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 Contact:
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.