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NXTD

Nxt-ID

$3.48

-0.17 (-4.66%)

08:23
01/04/18
01/04
08:23
01/04/18
08:23

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.

NXTD Nxt-ID
$3.48

-0.17 (-4.66%)

04/20/17
MAXM
04/20/17
INITIATION
Target $4.25
MAXM
Buy
Nxt-ID initiated with a Buy at Maxim
Maxim analyst Brian Kinstlinger initiated Nxt-ID with a Buy rating and $4.25 price target, stating that he views the company as well positioned to benefit from changing payments market dynamics.
12/21/17
MAXM
12/21/17
NO CHANGE
Target $5
MAXM
Buy
Nxt-ID cryptocurrency product may come as soon as first half 2018, says Maxim
Maxim analyst Brian Kinstlinger noted that Nxt-ID subsidiary FitPay is developing a cryptocurrency payment platform. While the details are not clear, he believes a product, whereby a prepaid card will allow cryptocurrency to be exchanged for credit with traditional currency, may be ready as early as the first half of 2018 and may have the potential to increase the number of traditional retailers that accept cryptocurrencies. He maintains a Buy rating and $5 price target on Nxt-ID shares.
01/03/18
MAXM
01/03/18
NO CHANGE
Target $6
MAXM
Buy
Nxt-ID price target raised to $6 from $5 at Maxim
Maxim analyst Brian Kinstlinger raised his price target on Nxt-ID to $6 from $5, citing his enthusiasm for the potential of the company's FitPay developing a cryptocurrency payment platform. He maintains a Buy rating on Nxt-ID shares.

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PYPL

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