NEW YORK, NY / ACCESSWIRE / February 27, 2018 / Traders News Source, a leading independent equity research and corporate access firm focused on small and mid-cap public companies is issuing a comprehensive report with no obligation on Nxt-ID, Inc. (NASDAQ: NXTD), a company that provides a comprehensive platform of technology products and services that enable the Internet of Things (IoT).
In December 2017, Fit Pay, Inc., a subsidiary of NXT-ID 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.
Shortly thereafter, NXTD introduced FlipTM, a new contactless payment device that will enable cryptocurrency holders to use the value of their currency to make purchases at millions of retail locations.
Read about Flip and how it works, and get an analyst target price here READ MORE
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NXTD shares have gained about 100% since the company announced its entry into the cryptocurrency facilitation market.
Flip will be near field communication-enabled (NFC) allowing it to transact payments at any retail point of sale location that accepts contactless payments. Flip will store a preloaded amount of U.S. dollars that are exchanged from the user’s existing cryptocurrency account. It 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. Initially, Flip will accept value exchanged from Bitcoin and will potentially expand to other cryptocurrencies in the future.
Get a financial review and see what NXTD is doing beyond Flip in the fintech market READ MORE
Copy and paste to your browser may be required to view the report – https://tradersnewssource.com/nxt-id/
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