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.