Investorideas.com newswire, stock news and business news for investors

Thursday, July 23, 2015

NXT-ID (NASDAQ:NXTD) Wocket in TheStreet.com; “Wocket: World's First Electronic 'Smart Wallet”

NXT-ID (NASDAQ:NXTD) Wocket in TheStreet.com; “Wocket: World's First Electronic 'Smart Wallet”


OXFORD, CT – July 23, 2015 (Investorideas.com Newswire) NXT-ID, Inc. (NASDAQ: NXTD), and its biometric smart wallet, the Wocket was featured today in TheStreet.com in an article by senior technology correspondent, Gary Krakow.

(TheStreet) -- Next-ID's (NXTD) new Wocket is the world's first electronic smart wallet. It's designed to replace all the cards you currently carry. Both the concept and the actual system are quite ingenious.


To read the article in full, please visit full article link at http://www.thestreet.com/story/13229364/1/wocket-worlds-first-electronic-smart-wallet.html

Wocket® is the smartest wallet you'll ever own. Designed to protect your identity and replace your old wallet, simply swipe and save your cards into Wocket once and they are immediately secured with pin and biometric voice print technology. Without ever needing a smartphone, you can choose a card from the touch screen and Wocket programs its single, smart card (Wocket Card) to match your selection. From there, you just swipe as you normally would virtually anywhere that credit cards are accepted today.

All your credit, debit, loyalty, gift, ID, membership, insurance, medical information, passwords, and virtually any other information can be protected on Wocket®.

Buy the Wocket® at www.wocketwallet.com

See the full Wocket® FAQ at: http://wocketwallet.com/pages/faq

Product images are available for media at: http://press.nxt-id.com


About NXT- ID Inc. - Mobile Security for a Mobile World: (NXTD) (NXTDW):
NXT-ID, Inc.'s innovative MobileBio® solution mitigates consumer risks associated with mobile computing, m-commerce and smart OS-enabled devices. The company is focused on the growing m-commerce market, launching its innovative MobileBio® suite of biometric solutions that secure consumers' mobile platforms led by Wocket®; a next generation smart wallet designed to replace all the cards in your wallet, no smart phone required. Wocket was recognized as one of the top technology products at CES 2015 by multiple media outlets including Wired.com. The Wocket® works anywhere credit cards are accepted and only works with your biometric stamp of approval. http://www.wocketwallet.com/

NXT-ID' wholly owned subsidiary, 3D-ID LLC, is engaged in biometric identification and has 22 licensed patents in the field of 3D facial recognition http://www.nxt-id.com/http://3d-id.net/

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.

Contacts:
Corporate info: info@nxt-id.com


Media:
D. Van Zant
+1-800-665-0411
press@nxt-id.com

This Media alert is also Published at Investorideas.com

Disclaimer/ Disclosure: The Investorideas.com newswire is a third party publisher of news and research as well as creates original content as a news source. Original content created by investorideas is protected by copyright laws other than syndication rights. Investorideas is a news source on Google news and Linkedintoday plus hundreds of syndication partners. Our site does not make recommendations for purchases or sale of stocks or products. Nothing on our sites should be construed as an offer or solicitation to buy or sell products or securities. All investment involves risk and possible loss of investment. This site is currently compensated by featured companies, news submissions, content marketing and online advertising. Contact each company directly for press release questions. Disclosure is posted on each release if required but otherwise the news was not compensated for and is published for the sole interest of our readers. Disclosure: As of January 1, 2015 NXT-Id renewed for five thousand per month and long 144 shares for media and PR services and news publication. More info: http://www.investorideas.com/About/Disclaimer.asp and http://www.investorideas.com/About/News/Clientspecifics.asp






The Future of Money; Bitcoin and Ether Shake it up with Crypto-Currencies That Disrupt and Innovate

The Future of Money; Bitcoin and Ether Shake it up with Crypto-Currencies That Disrupt and Innovate

“Traditional payment providers or processers are likely going to need to innovate by either incorporating bitcoin or another form of digital payments to increase efficiency and reduce costs in order to survive” - The Bitcoin Investment Trust

Point Roberts WA, New York, NY – July 23, 2015 - Investorideas.com, a global news source covering leading sectors including Bitcoin and payment technology release  commentary about new crypto-currencies including Bitcoin and Ether. Experts from both sectors talk about the future of money as we know it and how to prepare for this new future.

Brad Moynes of Bit-X Financial (OTCQB: BITXF), Ryan Rabaglia, head of Wholesale, ANX, Terrence Dempsey of The Bitcoin Investment Trust (OTCQX: GBTC) and Gavin Wood of The Ethereum Project talk about disruption, opportunity and crypto-currencies.


Wedbush’s recent bullish prediction of $400 Bitcoin prices has created buzz in the space and the industry is full of headlines - with new entries from traditional financial institutions. Two pure public plays in the sector share insight from their perspectives and experience in Bitcoin.

Brad Moynes, CEO of Bit-X Financial (OTCQB: BITXF) recently launched a new Bitcoin exchange branded under the name Digatrade (https://digatrade.com/) and discussed how he sees Bitcoin as a disruptive currency with a long term future.

Brad’s financial markets background that includes investment banking and corporate finance makes him pay attention to the recent entries into the Bitcoin market from key players on Wall Street, he told us. He sees regulation shaping the future of Bitcoin as it moves forward but his regulatory compliance background makes him comfortable with the process.

Digatrade (powered by ANX Technology) just launched at the end of June with Canadian currency and is working on multi-currency payment processing including USD, GBP & EUR next. It also recently announced it has enabled Canadian-based customer deposits via eCheck; “a significant milestone”, Brad said, “Bitcoin is transforming the way consumers and businesses operate. Whether for cost-savings, speed, security or opening new market opportunities, visionary companies all over the world are turning to Bitcoin for their next phase of growth.

Brad also stated, “The evolution of finance is here for institutions. DigaTrade works with financial institutions across the world to enable them to harness the power of digital-currency. We provide a range of institutional storage and liquidity tools for accredited clients and provide access to advanced crypto-fiat transfer protocols and solutions.” 

He went on to say, “We believe we are creating an exchange that will give traders, businesses and institutions a world-class platform that is secure and user-friendly, creating an even playing field for anyone wanting to trade Bitcoin and participate in the future of money.”

Ryan Rabaglia, head of Wholesale ANX, a Hong Kong-based company that is one of the most used Bitcoin exchange platforms worldwide said, “It should come as no surprise that the consistently intensifying attraction to Bitcoin in China is very real.  Transaction volumes out of China have been leading the way from a global perspective even prior to us experiencing peak prices in December 2013 and today is no different.  With market prices and general trading interest recently being revived, a drive towards steady trading activity has been viewed here in Asia, on and off exchange.”  

He also said, “This, of course, has much deeper implications than the daily price of Bitcoin. We are seeing a real interest from a payments and funds transfer perspective as well.  The interest for sizeable foreign investment has long been a stumbling block for Chinese citizens and Bitcoin offers that potential gateway.”   

Investorideas.com also talked to Terrence Dempsey of The Bitcoin Investment Trust (OTCQX: GBTC) to explain to investors the direct relationship of the Bitcoin pricing to the estimated share price of the recent ‘outperform rating’ on the stock from Wedbush.

Terrence explained, “The Bitcoin Investment Trust was created to give investors the ability to gain exposure to the price movements of Bitcoin without the challenges of buying and storing Bitcoin on their own and providing this exposure through a traditional titled security. As such, the Net Asset Value of the Trust is a direct representation of the price of Bitcoin. Each share of The Bitcoin Investment Trust represents approximately 0.1 Bitcoin and the Trust’s Net Asset Value is set each business day using a 24-hour volume weighted price of Bitcoin based on TradeBlock’s XBX Index.”

He went on to explain, “The Bitcoin Investment Trust is a passive investment vehicle that only adds Bitcoin based on new investments and does not engage in the forecasting of prices or rely on any external research.”

He also said, “Traditional payment providers or processers are likely going to need to innovate by either incorporating Bitcoin or another form of digital payments to increase efficiency and reduce costs in order to survive. We believe that many of these firms are actively looking at Bitcoin as a potential solution.”

In talking about the future he noted, “In the short-term, Bitcoin has the opportunity to disrupt and innovate the payment space, particularly in global remittances and micro-payments. The ease of transacting and reduced costs when using Bitcoin compared to alternatives makes it a compelling choice. Further, with the influx of interest and investment from Wall Street in Bitcoin and Bitcoin related start-ups, it has the opportunity to overhaul the existing financial system making for more efficient trading and settlement of assets.”

Gavin Wood of The Ethereum Project told Investorideas.com, “It exists as platform for managing the core ‘business logic’ of decentralised applications; the component typically managed by a server, databases and so forth for traditional, centralised applications. Through using blockchain technology, Ethereum provides unprecedented guarantees of security, auditability, availability and interoperability for all kinds of applications. To avoid a potential ‘spamming’ problems with, the Ethereum platform has an internal token (‘Ether’) allowing users of the platform to pay the validators (‘miners’) for their contribution in doing the computation and securing the network.

In some ways, Ether could be considered similar to the crypto-currency Bitcoin, however it differs in so much as Ether is not intended to be used as a general means of payment.

In simple terms, the notion of a decentralised web is a web without web servers. At present all web applications, such as eBay and Facebook, are 100% dependent on centralised servers, operated by specific for-profit corporations. Being centralised, they slurp up as much information on their users in an effort to boost their power and future profits.

Such corporations, we have painfully learnt, care very little about the privacy of their users or the integrity of their users' data. All too often important data (e.g. buying habits, payment information) is sold by, leaked by or stolen from the corporation. Punishment is rare and insignificant. Users are becoming increasingly savvy but as yet, few reasonable options exist for those displeased with the present state of affairs.

The decentralised web, or "Web 3.0", is a collection of technologies that utilise modern peer-based network designs to decentralise all aspects of data publication, application logic and signaling. Through protocols such as Whisper, Ethereum and Swarm we can start to imagine how rich web and mobile applications like eBay, Facebook, and Uber could be realized, without the need of centralised servers or an expensive intermediary. Users would share the maintenance of all infrastructure and consolidate the application logic such a reputation systems and payment mechanisms themselves. Well understood mathematical principles, similar to those on which Bitcoin is based, would guard users from disreputable operators or insecure payments.

A vastly simplified software infrastructure and smooth interoperation would allow services to be "mashed-up" (combined) to unleash exciting potential business opportunities previously possible only through cumbersome cross-industry partnerships (e.g. imagine AirBnB with a simple checkbox for an Uber-based airport pickup). Through all of this, users would be safe in the knowledge that they share only as much data as is strictly required for the application to function; never giving away sensitive payment information and never having to trust one faceless organization over another. While this is an inconvenient truth now, it will become ever more important as the data that our device manufacturers own, begins to include information of a decidedly private and personal nature never before collected; how we sleep, how much we exercise, who we sleep with, our passing interests and so on.

Ethereum, or more accurately, the Ethereum Foundation, a non-profit organization based in Switzerland tasked with the initial development of the Ethereum Protocol and its subsequent advocacy and education, has developed the first piece of the puzzle. The efforts over the past 18-or-so months of myself, Vitalik and Jeff together with our many developers and support staff are nearly at a culmination with the release of the so-called "Frontier" software, the first version of Ethereum capable of forming a secure network. However, decentralising the web is a lofty goal and is unlikely achievable by the foundation's efforts alone. I think it will take the cooperation of a number of projects such as IPFS, Telehash and well-aligned profit-orientated enterprises before we really begin to see the bigger picture. Once the foundation bows out from its tenure as a software developer, I fully expect to see many from the Ethereum Project move to develop within the ecosystem under a more entrepreneurial venture.”

For investors considering investing in crypto-currency opportunities, be prepared for a fast and furious ride as the future of money races ahead of all us.

Bit-X Financial Corp. (OTCQB: BITXF) is a Vancouver; British Columbia based Company listed on the OTC.QB under the trading symbol BITXF. The Company owns and operates a digital currency exchange and internet financial services company; DIGATRADE™. BITXF is a reporting issuer in the Province of British Columbia, Canada with the British Columbia Securities Commission "BCSC" and in the United States with the Securities Exchange Commission "SEC". https://digatrade.com/

ANX - Your Crypto Connection
www.anxbtc.com - Easy, Secure, and Affordable
www.anxpro.com - Altcoins, Algos, and Performance

About The Bitcoin Investment Trust (OTCQX: GBTC)
The Bitcoin Investment Trust is a private, open-ended trust that is invested exclusively in Bitcoin and derives its value solely from the price of Bitcoin. It enables investors to gain exposure to the price movement of Bitcoin without the challenge of buying, storing, and safekeeping Bitcoins. The BIT's sponsor is Grayscale Investments, a wholly-owned subsidiary of Digital Currency Group.

About Investorideas.com
InvestorIdeas.com newswire is a global investor news source covering multiple sectors including Bitcoin and payment technology.

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Disclaimer/ Disclosure: The Investorideas.com newswire is a third party publisher of news and research as well as creates original content as a news source. Original content created by investorideas is protected by copyright laws other than syndication rights. Investorideas is a news source on Google news syndication partners. Our site does not make recommendations for purchases or sale of stocks or products. Nothing on our sites should be construed as an offer or solicitation to buy or sell products or securities. All investment involves risk and possible loss of investment. This site is currently compensated by featured companies, news submissions, content marketing and online advertising. Contact each company directly for press release questions. Disclosure is posted on each release if required but otherwise the news was not compensated for and is published for the sole interest of our readers. Disclosure: BITXF is a PR client of Investorideas.com and compensates us for news publication, PR and media. (two thousand five hundred per month and 144 shares) More info: http://www.investorideas.com/About/News/Clientspecifics.asp and http://www.investorideas.com/About/Disclaimer.asp
BC Residents and Investor Disclaimer: Effective September 15 2008 - all BC investors should review all OTC and Pink sheet listed companies for adherence in new disclosure filings and filing appropriate documents with Sedar. Read for more info: http://www.bcsc.bc.ca/release.aspx?id=6894. Global investors must adhere to regulations of each country.

Contact Investorideas.com
800 665 0411


Tuesday, July 21, 2015

NXT-ID (NasdaqCM: NXTD) Patents Personalized Tokenized Payments for Next Generation Secure Payment Technology

NXT-ID (NasdaqCM: NXTD) Patents Personalized Tokenized Payments for Next Generation Secure Payment Technology

Applications for fighting both financial fraud and security breaches

OXFORD, Conn. - July 21, 2015 (Investorideas.com Newswire) NXT-ID, Inc. (NASDAQ: NXTD; NXTDW) ("NXT-ID" or the "Company") a biometric authentication company focused on the growing mobile commerce market and creator of the Wocket® smart wallet, announces that it has filed provisional patent 62/192218 for Personalized Tokenization System and Method.

This invention highlights next generation payment technology from NXT-ID that not only authorizes an account, but also the user using unique personal identifiers including biometrics in the generation of the payment token. Tokenization is the process by which sensitive data such as an account holder name and credit card number is replaced by a unique identifier to protect the information. This technology showcases local generation of dynamic secure tokens that can then be sent over current retail payment processes, recognized and translated into the actual selected account and user for authentication by the issuer.

"What is unique about this invention is that it uses local authentication to not only secure access to payment accounts selected by a user, but also generate unique, one-time-use tokens that identify both the user and the account, without revealing any sensitive information whatsoever during the transaction, says David Tunnell, CTO of NXT-ID. "Since local generation of unique tokens is performed offline within a mobile device or smart wallet, no vulnerable server is required to generate the token, keeping the token safe from attack and preventing fraud throughout the transaction."

He went on to say, "A mobile device such as a smart wallet equipped with the new personalized token technology capable of generating these secure tokens will go a long way to help fight both financial fraud and security breaches that are becoming so common place. Personalized tokenization compliments other encryption and tokenization methods such as EMV by adding biometric and other authentication to token technology."

Gino Pereira, Chief Executive Officer said," We continue to build out our patent and IP portfolio as the payment industry evolves. It is critical for a technology company like ours to position our technology ahead of the curve."

Wocket® is a smart wallet designed to protect your identity and replace all the cards in your wallet, with no smart phone or cloud required. Wocket® works almost anywhere credit cards are accepted and only works with your biometric stamp of approval or passcode.


Buy the Wocket® at www.wocketwallet.com

See the full Wocket® FAQ at: http://wocketwallet.com/pages/faq

Product images are available for media at: http://press.nxt-id.com

About NXT- ID Inc. - Mobile Security for a Mobile World: (NXTD) (NXTDW):
NXT-ID, Inc.'s innovative MobileBio® solution mitigates consumer risks associated with mobile computing, m-commerce and smart OS-enabled devices. The company is focused on the growing m-commerce market, launching its innovative MobileBio® suite of biometric solutions that secure consumers' mobile platforms led by Wocket®; a next generation smart wallet designed to replace all the cards in your wallet, no smart phone required. Wocket was recognized as one of the top technology products at CES 2015 by multiple media outlets including Wired.com. The Wocket® works anywhere credit cards are accepted and only works with your biometric stamp of approval. http://www.wocketwallet.com/

NXT-ID' wholly owned subsidiary, 3D-ID LLC, is engaged in biometric identification and has 22 licensed patents in the field of 3D facial recognition http://www.nxt-id.com/http://3d-id.net/

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.

Contacts:
Corporate info: info@nxt-id.com


Media:
D. Van Zant
+1-800-665-0411
press@nxt-id.com

Visit this company: nxt-id.com; 3d-id.netwocketwallet.com/

More info on NXTD at Investorideas.com Visit: http://www.investorideas.com/CO/NXT/

Published at Investorideas.com

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Disclaimer/ Disclosure: The Investorideas.com newswire is a third party publisher of news and research as well as creates original content as a news source. Original content created by investorideas is protected by copyright laws other than syndication rights. Investorideas is a news source on Google news and Linkedintoday plus hundreds of syndication partners. Our site does not make recommendations for purchases or sale of stocks or products. Nothing on our sites should be construed as an offer or solicitation to buy or sell products or securities. All investment involves risk and possible loss of investment. This site is currently compensated by featured companies, news submissions, content marketing and online advertising. Contact each company directly for press release questions. Disclosure is posted on each release if required but otherwise the news was not compensated for and is published for the sole interest of our readers. Disclosure: As of January 1, 2015 NXT-Id renewed for five thousand per month and long 144 shares for media and PR services and news publication. More info: http://www.investorideas.com/About/Disclaimer.asp and http://www.investorideas.com/About/News/Clientspecifics.asp



Friday, July 17, 2015

Cyber Security Stock Rapid7 (NASDAQ:RPD) Soars on Market Debut


Cyber Security Stock Rapid7 (NASDAQ:RPD) Soars on Market Debut


Point Roberts WA, -  Investorideas.com, a global news source covering leading sectors including cyber security stocks reports on the market debut of Rapid7 (NASDAQ:RPD) . Yesterday on the close the company announced its initial public offering   (IPO) of 6,450,000 shares of common stock at a price to the public of $16.00 per share. The stock soared on its first day of trading today, with a high of $27.45 as of this report.





About Rapid7
Rapid7 is a leading provider of security data and analytics solutions that enable organizations to implement an active, analytics-driven approach to cyber security. We combine our extensive experience in security data and analytics and deep insight into attacker behaviors and techniques to make sense of the wealth of data available to organizations about their IT environments and users. Our solutions empower organizations to prevent attacks by providing visibility into vulnerabilities and to rapidly detect compromises, respond to breaches, and correct the underlying causes of attacks. Rapid7 is trusted by more than 3,900 organizations across 90 countries, including 30% of the Fortune 1000.

Investorideas.com has compiled a list of cyber security stocks for investors following the sector. http://www.investorideas.com/Companies/HomelandDefense/Stock_List.asp#CyberSecurity


InvestorIdeas.com newswire is a global recognized news source. We publish original content, third party investment commentary, contributor articles, company news and press releases in leading sectors.
Sectors we cover in include mining, energy, renewable energy, water stocks, food and beverage (including organic and LOHAS, wine), defense and security, biotech, technology and mobile. We have also recently expanded our global coverage to include Latin American stocks, sports and entertainment.

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Disclaimer/ Disclosure: The Investorideas.com newswire is a third party publisher of news and research as well as creates original content as a news source. Original content created by investorideas is protected by copyright laws other than syndication rights. Investorideas is a news source on Google news syndication partners. Our site does not make recommendations for purchases or sale of stocks or products. Nothing on our sites should be construed as an offer or solicitation to buy or sell products or securities. All investment involves risk and possible loss of investment. This site is currently compensated by featured companies, news submissions, content marketing and online advertising. Contact each company directly for press release questions. Disclosure is posted on each release if required but otherwise the news was not compensated for and is published for the sole interest of our readers. More disclaimer info: http://www.investorideas.com/About/Disclaimer.asp
BC Residents and Investor Disclaimer : Effective September 15 2008 - all BC investors should review all OTC and Pink sheet listed companies for adherence in new disclosure filings and filing appropriate documents with Sedar. Read for more info: http://www.bcsc.bc.ca/release.aspx?id=6894. Global investors must adhere to regulations of each country.
Contact Investorideas.com
800 665 0411


Thursday, July 16, 2015

Bitcoin News: Bit-X Financial (OTCQB: BITXF) Appoints Chief Strategic Analyst to Board of Directors

Bit-X Financial (OTCQB: BITXF) Appoints Chief Strategic Analyst to Board of Directors

VANCOUVER, BC - July 16, 2015 (Investorideas.com Newswire) - Bit-X Financial Corp. (OTCQB: BITXF) and its 100% owned bitcoin exchange, DIGATRADE™, today announced that Mr. Nikita Oraevskiy has been appointed to the board of directors and will act as the Company's Chief Strategic Analyst focusing on prospective revenue producing acquisitions.

Mr. Oraevskiy brings his established analytical and finance experience to the Company with the goal of leveraging the Company's core systems and technologies in order to showcase their true market potential; as well as providing financial projection modelling and earnings forecasting.

With his extensive participation in the digital currency space as both an independent advisor and active investor for the last three years, Nik will immediately commence the process of analyzing several key strategic acquisition targets that the Company has identified. The short term objective is to enhance both top and bottom line value and to deliver growth opportunities to Bit-X, DigaTrade and its investment partners.

In addition, Brad Moynes has been appointed Chief Executive Officer of both Bit-X Financial Corp and Digatrade.com. Mr. Paul Heney will remain as a Chairman of the board and will continue to provide his expertise in international business law, securities law and corporate finance.


ABOUT BIT-X:
Bit-X Financial Corp is a Vancouver; British Columbia based Company listed on the OTC.QB under the trading symbol BITXF. The Company owns and operates a digital currency exchange and internet financial services Company; [DIGATRADE™]. BITXF is a reporting issuer in the Province of British Columbia, Canada with the British Columbia Securities Commission "BCSC" and in the United States with the Securities Exchange Commission "SEC".

Forward-Looking Information
This press release contains certain "forward-looking information". All statements, other than statements of historical fact, that address activities, events or development that the Company believes, expects or anticipates will or may occur in the future constitute forward-looking information. This forward-looking information reflects the current expectations or beliefs of the company based on information currently available to the Company. Forward-looking information is subject to a number of significant risks and uncertainties and other factors that may cause the actual results of the Company to differ materially from those discussed in the forward-looking information, and even if such actual results are realized or substantially realized, there can be no assurance that they will have the expected consequences to, or effects on the Company. Factors that could cause actual results or events to differ materially from current expectations include, but are not limited to, the possibility of unanticipated costs and expenses. Any forward-looking information speaks only as of the date on which it is made and, except as may be required by applicable securities laws, the company disclaims any intent or obligation to update any forward-looking information whether as a result of new information, future events or results or otherwise. Although the Company believes that the assumptions inherent in the forward-looking information are reasonable, forward-looking information is not a guarantee of future performance and accordingly undue reliance should not be put on such information due to the inherent uncertainty therein.

CORPORATE CONTACT INFORMATION:
Bit-X Financial Corp
838 West Hastings Street, Suite 300
Vancouver, BC V6C-0A6
Canada
Tel: +1(604) 200-0071
Fax: +1(604) 200-0072
www.bitxfin.com

Media inquiries:
Bit-X Financial Corp
press@bitxfin.com

SOURCE: Bit-X Financial Corp.

Published at the Investorideas.com Newswire - Big ideas for Global Investors

More information on BITXF on Investorideas: http://www.investorideas.com/CO/BITXF/

Visit this company: www.bitxfin.com

Disclaimer/ Disclosure: The Investorideas.com newswire is a third party publisher of news as well as creates original content as a news source. Original content created by investor ideas is protected by copyright laws other than syndication rights. Investorideas is a news source on Google news and global syndication partners. Our site does not make recommendations for purchases or sale of stocks or products. Nothing on our sites should be construed as an offer or solicitation to buy or sell products or securities. All investment involves risk and possible loss of investment. This site is currently compensated by featured companies, news submissions and advertising. Contact each company directly for press release questions. Disclosure is posted on each release if required but otherwise the news was not compensated for and is published for the sole interest of our readers. Disclosure: BITXF is a PR client of Investorideas.com and compensates us for news publication, PR and media. (May 1, 2015 – 6 months - two thousand five hundred per month and 144 shares) More info: http://www.investorideas.com/About/News/Clientspecifics.asp and http://www.investorideas.com/About/Disclaimer.asp

BC Residents and Investor Disclaimer: Effective September 15 2008 - all BC investors should review all OTC and Pink sheet listed companies for adherence in new disclosure filings and filing appropriate documents with Sedar. Read for more info: http://www.bcsc.bc.ca/release.aspx?id=6894. Global investors must adhere to regulations of each country




NXT-ID (NASDAQ:NXTD) Media Alert: Recent News of Behavior-Directed Payments Patent has Payment Media Outlets Taking Notice

NXT-ID (NASDAQ:NXTD) Media Alert: Recent News of Behavior-Directed Payments Patent has Payment Media Outlets Taking Notice

CreditUnionTimes.com, Payment Week & Biometric Update Covers Latest Technology News from NXTD

OXFORD, CT – July 16, 2015 (Investorideas.com Newswire) NXT-ID, Inc. (NASDAQ: NXTD), a biometric authentication company focused on the growing m-commerce market, reports on multiple media coverage following the recent announcement on filing of provisional patent 62/188684 for BEHAVIORAL-DIRECTED AUTHENTIATION METHOD AND SYSTEM.

Excerpts:
BiometricUpdate.com
Justin Lee
July 14, 2015
NXT-ID Inc. patents behavior-directed payments system
NXT-ID, Inc. announced that it has filed provisional patent 62/188684 for “Behavioral-directed Authentication Method and System”, covering technology which recognizes both the individual (something you are) and the action (something you know) via behavior-metrics. The system authenticates the user’s identity based on almost any motion, sound, or other behavior that can be detected by sensors, combining their unique physiological features, such as biometrics, with some unique action, such as behavior, that can be chosen by a user.


Payment Week
Michael Cheng
July 14, 2014
NXT-ID Reveals Behavioral Metrics Patent for Optimized Payments
NXT-ID, a leading smart wallet technology firm, announced a new patent that could revolutionize its future offerings. Called “behavioral metrics”, the new invention is designed to enhance the way payments are initiated by a user. The company did not go into full detail about the mechanics of the system. Based on the patent, the technology will rely on sensors to detect various personalized movements. Such actions could include facial expressions, body gestures or even patterns. The technology could significantly improve the usability of wearables and smart devices. Authentication using this new method is fast and secure. In addition to convenience, such features could be advantageous for individuals suffering from eye problems or injuries that affect current biometric authentication methods. For such cases, gestures or other subtle actions may serve as an essential step for secure purchases.

Credit Union Times
Roy Urrico
July 14, 2015
Biometrics Company Patents Behavior-Metrics
The Oxford, Conn.-based biometrics authentication company NXT-ID, Inc. announced it has patented its behavior-directed mobile payments technology. Called “behavior-metrics”, it recognizes both the individual (something you are) and the action (something you know). Behavior-metrics may include authentications based on facial expressions, gesture movements, patterns drawn or even PINs. Sensors detect virtually any motion, sound or other behavior, and combine it with physiological features that are unique to a person. The London-based consulting firm Goode Intelligence predicted by the end of this year, some 450 million financial institution customers globally will be using biometrics, which will be the principal banking authentication method by 2020.


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Product images are available for media at: http://press.nxt-id.com


About NXT- ID Inc. - Mobile Security for a Mobile World: (NXTD) (NXTDW):
NXT-ID, Inc.'s innovative MobileBio® solution mitigates consumer risks associated with mobile computing, m-commerce and smart OS-enabled devices. The company is focused on the growing m-commerce market, launching its innovative MobileBio® suite of biometric solutions that secure consumers' mobile platforms led by Wocket®; a next generation smart wallet designed to replace all the cards in your wallet, no smart phone required. Wocket was recognized as one of the top technology products at CES 2015 by multiple media outlets including Wired.com. The Wocket® works anywhere credit cards are accepted and only works with your biometric stamp of approval. http://www.wocketwallet.com/

NXT-ID' wholly owned subsidiary, 3D-ID LLC, is engaged in biometric identification and has 22 licensed patents in the field of 3D facial recognition http://www.nxt-id.com/http://3d-id.net/

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.

Contacts:
Corporate info: info@nxt-id.com


Media:
D. Van Zant
+1-800-665-0411
press@nxt-id.com

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