Nxt-ID, Fit Pay to demo payment platform at Las Vegas media event
NXT-ID 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. 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 vivoactive 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.