Bit-X Financial Corp (OTCQB: BITXF) Provides Update on Launch of Bitcoin Exchange

Digital Currency News: Bit-X Financial Corp (OTCQB: BITXF) Provides Update on Launch of Bitcoin Exchange

"GO LIVE JUNE 2015"

VANCOUVER, BC - May 21, 2015 (Investorideas.com Newswire) - Bit-X Financial Corp. (OTCQB: BITXF), a crypto-currency exchange and internet financial services company, today announced that the test environment for the bitcoin exchange is progressing well and on track to go-live in June 2015.

Users can now pre-register on the company's website at www.bitxfin.com. "We are very excited to launch our platform as the global interest and recognition of bitcoin rises within the established financial communities," stated Brad Moynes, President of Bit-X Financial. "Our Go Live Date is fast approaching and being able to provide our users an on-ramp advantage will boost awareness to our platform."

As previously announced, in April, Bit-X Financial Corp. executed an Exclusive Bitcoin Exchange and Services Agreement with Hong Kong based ANX for the North American market. The proprietary ANX trading and matching engine has been pioneered from the ground up, leveraging the skills of experienced developers with respected and long standing careers working for low latency software development firms. It is designed to manage high volume, high throughput, and low latency trading and was modeled on the same LMAX pattern now also leveraged by the world's largest Investment Banks.

This investment banking grade trading platform has a simple and user friendly UI for users to buy and sell all major crypto currencies. It also features one consolidated shared order book for blended multi-currency settlement in addition to real time FX pricing and risk management.

The order engine delivers pre-scan indicative pricing and users can choose to either fix the quantity of Bitcoins or fix the price paid for every order. Lock in a guaranteed execution or alternatively lock in the ultimate price you're prepared to pay for your order; the choice remains yours. And this all relies on an order engine that achieves low latency performance along with the reliability of an exchange that has been verified in supporting millions of daily transactions.

Read this release in full at http://www.investorideas.com/CO/BITXF/news/2015/05211.asp

ABOUT BIT-X:

Bit-X Financial Corp is a Vancouver; British Columbia based Company listed on the OTC.QB under the trading symbol BITXF. Bit-X Financial Corp has executed an exclusive North American crypto-currency exchange development and services agreement with Hong Kong based ANXPRO. BITXF for 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."

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

Biometric News: NXT-ID, Inc. (Nasdaq:NXTD; NXTDW) Announces Participation as Member of Team Battelle for TIES Contract Award

Breaking Biometric News: NXT-ID, Inc. (Nasdaq:NXTD; NXTDW) Announces Participation as Member of Team Battelle for TIES Contract Award

OXFORD, Conn. - May 20, 2015 (Investorideas.com Newswire) NXT-ID, Inc. (NASDAQ: NXTD; NXTDW) ("NXT-ID" or the "Company") announces that its wholly owned subsidiary, 3D-ID LLC, a company engaged in biometric identification is an official contractor under Team Battelle for the biometrics technology portion of the recently awarded TIES (Technical Information Engineering Services) Unrestricted Suite Contract from the Department of the Army.

3D-ID LLC has a suite of 3D facial recognition products developed for government, law enforcement and security agencies.

Gino Pereira, Chief Executive Officer said, "We are very proud to be part of Team Battelle and contributing our expertise in biometric technologies. This award is the culmination of 2 years hard work by many parties involved. Although the Company's primary focus has been on our biometric smart wallet, the Wocket®, currently being shipped to our pre-order customers, we have continued to develop opportunities for our core biometric products. We look forward to supporting Battelle on future task orders."

The contracts were awarded on 08 May 2015, and include nine total awardees. The estimated total contract value of the entire TIES program is $994M. This IDIQ contract will be Task Order driven and Task Orders under the Unrestricted Suite will be issued on a Full and Open Competition Basis among all nine Awardees.

The work conducted under TIES will span multiple areas of interest supporting the Information and Intelligence (I2WD) mission including Biometric Enabled Intelligence (BEI). I2WD is the Intelligence and Information Warfare Directorate which is part of the US Army's Communication's-Electronics Research, Development and Engineering Center (CERDEC).

Read this release in full at http://www.investorideas.com/CO/NXT/news/2015/05201.asp

About Battelle

Every day, the people of Battelle apply science and technology to solving what matters most. At major technology centers and national laboratories around the world, Battelle conducts research and development, designs and manufactures products, and delivers critical services for government and commercial customers. Headquartered in Columbus, Ohio since its founding in 1929, Battelle serves the national security, health and life sciences, and energy and environmental industries. For more information, visit www.battelle.org.

See more at: http://www.battelle.org

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

Investors: investors@nxt-id.com

Media:

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

Visit this company: nxt-id.com; 3d-id.net; wocketwallet.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

Research Update From SoundView; Commercial Ramp of NXT-ID, Inc.'s (Nasdaq:NXTD; NXTDW) Wocket Smart Wallet

Breaking Tech News: Research Update From SoundView; Commercial Ramp of NXT-ID, Inc.'s (Nasdaq:NXTD; NXTDW) Wocket Smart Wallet

BOSTON. MA - May 20, 2015 (Investorideas.com Newswire) SoundView Technology Group issues an updated research note on the NXT-ID, Inc. (NASDAQ: NXTD; NXTDW) Wocket smart wallet (www.wocketwallet.com) and the results of day- to-day usage.

The following is an excerpt to the report from Kris Tuttle, Director of Research

The full update is available for download here:

http://s3.amazonaws.com/Published_Research/NXT-ID_NXTD_SV_NOTE_MAY_2015_PUB.pdf

Company Update

Back in March we published an NXT-ID update note on the first "early access" Wockets shipping which allowed the company to gather feedback from field use. I had good success with my own Wocket even though it was a pre-release version which had a handmade prototype card that was too thick for some types of usage.

Sixty days later, NXT-ID is preparing to fulfill their existing pre-orders this month which will put several hundred units into the market. The plan for June is to ship a few thousand units to customers who have requested invitations to order a unit. By July, the company should reach their baseline production capability of 10,000 units/month, which will coincide with initiatives in marketing and sales as well as some new distribution partners who will help with market penetration and fulfillment.

Using the New Wocket

I took my updated Wocket out for a spin and noticed a few additional features. First of all, the card is production quality and has my name on it. It's thin enough to put into any device from swipe to dip to full insertion, so I can use it in any scenario. There's also a subtle backlight, so it's easier to use in the dark which comes up in cabs and romantic restaurants.

There is one new minor feature that turned out to be a major benefit for me – the "note" option. I believe that this is a giant differentiator between the Wocket and "smart card" solutions like Coin. The Wocket has a place that effectively eliminates all those little slips of paper you often put in your wallet – like the access code for a gate you sometimes go through, the number for AAA and your membership number, your passport number, etc.

These all fit into a class of information that is short, alphanumeric and seldom used. Yes, you can have all of this on your phone, but that's not the best place for it in terms of security or ease of access.

The day to day use of the card works just fine in all types of scenarios – we used both Visa and American Express credit cards, and a debit card too. Again, we found the awareness level of the technology in general "that's one of those cards you can store all your cards on." Where discussion ensued, the top issue was security. When I described the encryption, lack of network access, PIN and biometric identification, every person responded favorably across a broad demographic range. Anecdotally I'd say the older a person was, the more concerned they seemed to be with security and the more thrilled to feel that they could make their cards more secure with this kind of approach.

Not every reader works with the Wocket, so one does need to keep a single card along with your ID or license in the extra pocket. For example, my tennis club in NY is a small one with a reader literally taped to the counter and it wouldn't swipe the Wocket card even with several attempts. Our sample size isn't big enough to make specific predictions, but for us we had about a 9 out of 10 success rate. Not 100%, but for me good enough. It's worth noting that the design of the Wocket doesn't prevent it from eventually reaching the goal of 100% acceptance but it's not there yet.

Our full update is available for download here:

http://s3.amazonaws.com/Published_Research/NXT-ID_NXTD_SV_NOTE_MAY_2015_PUB.pdf

Read this release in full at http://www.investorideas.com/CO/NXT/news/2015/05202.asp

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/

About SoundView Technology Group

We are an independent advisory and research firm specializing in emerging technologies as they reach commercialization. Our proprietary research and modeling work provides valuable information for company management teams and investors in these emerging opportunities. We regularly publish our findings across a variety of channels including all the major retail and institutional information outlets. SoundView is based in Boston, Massachusetts with locations in New York and Connecticut.

Disclosures

SoundView analysts do not receive compensation for their research opinions, any specific views or conclusions. They are tasked to provide fact-based research with sound analysis. SoundView does not provide investment advice or make "buy/sell/hold" recommendations. Nor do we provide investment banking or brokerage services. We act as a publisher of our own research work and are responsible for all content which is correct to the best of our abilities but by no means should it be relied upon without further validation and confirmation. SoundView provides paid advisory services NXT-ID on their business plans, technology description and investor positioning

Any questions please contact:

Kris Tuttle
Director of Research
SoundView Technology Group
kris@soundview.co
617-828-6462

Published at Investorideas.com

About www.InvestorIdeas.com: Big Ideas for global investors

Sign up for free news alerts

http://www.investorideas.com/Resources/Newsletter.asp

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 news publication and marketing of Wocket smart wallet. More info: http://www.investorideas.com/About/Disclaimer.asp and http://www.investorideas.com/About/News/Clientspecifics.asp

NXT-ID, Inc. (Nasdaq:NXTD; NXTDW) Research Note Update from SoundView; Commercial Ramp of Wocket Smart Wallet

Breaking Tech News: NXT-ID, Inc. (Nasdaq:NXTD; NXTDW) Research Note Update from SoundView; Commercial Ramp of Wocket Smart Wallet

BOSTON - May 19, 2015 (Investorideas.com Newswire) SoundView Technology Group issues a new research note on the NXT-ID, Inc. (NASDAQ: NXTD; NXTDW) Wocket smart wallet (www.wocketwallet.com)

The following is an excerpt to the report.

The full update is available for download here: 

http://s3.amazonaws.com/Published_Research/NXT-ID_NXTD_SV_NOTE_MAY_2015_PUB.pdf

Company Update

Back in March we published an NXT-ID update note on the first "early access" Wockets shipping which allowed the company to gather feedback from field use. I had good success with my own Wocket even though it was a pre-release version which had a handmade prototype card that was too thick for some types of usage.

Sixty days later, NXT-ID is preparing to fulfill their existing pre-orders this month which will put several hundred units into the market. The plan for June is to ship a few thousand units to customers who have requested invitations to order a unit. By July, the company should reach their baseline production capability of 10,000 units/month, which will coincide with initiatives in marketing and sales as well as some new distribution partners who will help with market penetration and fulfillment.

What follows are some new usage notes for the commercial version and a restatement of our assumptions behind our model that supports an NXTD intrinsic value of $8/share for 2015 and path to $17 in 2016.

Using the New Wocket

I took my updated Wocket out for a spin and noticed a few additional features. First of all, the card is production quality and has my name on it. It's thin enough to put into any device from swipe to dip to full insertion, so I can use it in any scenario. There's also a subtle backlight, so it's easier to use in the dark which comes up in cabs and romantic restaurants.

There is one new minor feature that turned out to be a major benefit for me – the "note" option. I believe that this is a giant differentiator between the Wocket and "smart card" solutions like Coin. The Wocket has a place that effectively eliminates all those little slips of paper you often put in your wallet – like the access code for a gate you sometimes go through, the number for AAA and your membership number, your passport number, etc. These all fit into a class of information that is short, alphanumeric and seldom used. Yes, you can have all of this on your phone, but that's not the best place for it in terms of security or ease of access.

The day to day use of the card works just fine in all types of scenarios – we used both Visa and American Express credit cards, and a debit card too. Again, we found the awareness level of the technology in general "that's one of those cards you can store all your cards on." Where discussion ensued, the top issue was security. When I described the encryption, lack of network access, PIN and biometric identification, every person responded favorably across a broad demographic range. Anecdotally I'd say the older a person was, the more concerned they seemed to be with security and the more thrilled to feel that they could make their cards more secure with this kind of approach.

Not every reader works with the Wocket, so one does need to keep a single card along with your ID or license in the extra pocket. For example, my tennis club in NY is a small one with a reader literally taped to the counter and it wouldn't swipe the Wocket card even with several attempts. Our sample size isn't big enough to make specific predictions, but for us we had about a 9 out of 10 success rate. Not 100%, but for me good enough. It's worth noting that the design of the Wocket doesn't prevent it from eventually reaching the goal of 100% acceptance but it's not there yet.

Conclusion

NXTD investors have had to endure fairly high volatility as the shares surged on news of initial shipments and sagged as the company went into "heads down mode" to iron out the last bits for commercial production and get manufacturing scaled up to begin to deliver pre-orders.

In our March note, we pointed out the two remaining major risks as the production ramp and consumer reaction/adoption. Now that we have a production unit in our hands and pre-orders are to be filled this month, the production ramp risk is fading away and the focus will now shift to consumer adoption.

Fortunately, NXTD is not alone in their enthusiasm for the Wocket. Ever since CES in January, there has been strong and steady interest from a range of distribution partners. We expect the ramp in marketing in the July timeframe will coincide with one or more of the smaller partners helping the Wocket to reach more consumers.

We remain comfortable with our 40,000 unit assumption for 2015, which we will revise if the company succeeds in reaching close to 10,000 units in July or August. Aggregating a number of market data points, there is initial demand from early adopters for something like 100,000 to 200,000 units right now, and this number will increase as more people see, feel and use the technology.

Despite a few delays, the company performance is consistent with our existing IV model shown below and we are not making any changes to it yet. Our current IV estimate remains $8 for this year and would step up sharply to $17 in 2016 with continued success.

We do plan to break down our volume and revenue estimates into quarterly periods so we can compute annual trajectory more accurately. Based on current plans, NXT-ID should be able to produce close to 30,000 units in Q3 and even more in Q4. Obviously, if the demand is adequate, they would greatly exceed our current 40,000 unit target for the year.

Our full update is available for download here: 

http://s3.amazonaws.com/Published_Research/NXT-ID_NXTD_SV_NOTE_MAY_2015_PUB.pdf

Read this release in full at http://www.investorideas.com/CO/NXT/news/2015/05191.asp

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/

About SoundView Technology Group

We are an independent advisory and research firm specializing in emerging technologies as they reach commercialization. Our proprietary research and modeling work provides valuable information for company management teams and investors in these emerging opportunities. We regularly publish our findings across a variety of channels including all the major retail and institutional information outlets. SoundView is based in Boston, Massachusetts with locations in New York and Connecticut.

Disclosures

SoundView analysts do not receive compensation for their research opinions, any specific views or conclusions. They are tasked to provide fact-based research with sound analysis. SoundView does not provide investment advice or make "buy/sell/hold" recommendations. Nor do we provide investment banking or brokerage services. We act as a publisher of our own research work and are responsible for all content which is correct to the best of our abilities but by no means should it be relied upon without further validation and confirmation. SoundView provides paid advisory services NXT-ID on their business plans, technology description and investor positioning

Any questions please contact:

Kris Tuttle
Director of Research
SoundView Technology Group
kris@soundview.co
617-828-6462

Published at Investorideas.com

About www.InvestorIdeas.com: Big Ideas for global investors

Sign up for free news alerts

http://www.investorideas.com/Resources/Newsletter.asp

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 news publication and marketing of Wocket smart wallet. More info: http://www.investorideas.com/About/Disclaimer.asp and http://www.investorideas.com/About/News/Clientspecifics.asp

Bit-X Financial (OTCQB: BITXF) Reports Exclusive Bitcoin Agreement with Hong Kong Based ANX

Crypto Currency News: Bit-X Financial (OTCQB: BITXF) Reports Exclusive Bitcoin Agreement with Hong Kong Based ANX

VANCOUVER, BC - May 11, 2015 (Investorideas.com Newswire) - Bit-X Financial Corp. (OTCQB: BITXF) reports that in April it executed an Exclusive Bitcoin Exchange and Services Agreement with Hong Kong based ANX. The proprietary ANXPRO trading and matching engine manages high volume, high throughput, and low latency trading and was modeled on the same technology recently leveraged by the world’s largest Investment Banks. It also features blended multi-currency settlement in addition to real time FX pricing and risk management.

Under terms of the agreement, ANX will develop a white-label crypto-currency exchange utilizing ANXPRO's world-class proprietary trading platform. The agreement includes technical, development and support services to Bit-X and its registered users worldwide.

"The ANXPRO proprietary trading engine is a critical component to our business," said Brad Moynes, President of Bit-X Exchange. "This agreement with ANX enables us to instantly offer crypto-currency services to our customers utilizing a proven technology platform and relying on the operations of a well-established brand and a very experienced team."

Functionality of the Bit-X Exchange will include deposit and withdrawal services for multiple fiat currencies, payment processing via Vogogo Inc. services, trading exposure to Bitcoin, Ripple, Litecoin, Dogecoin and Stellar while leveraging the established global liquidity order book; developed and managed by ANX.

"This is a win-win for crypto-currency exchanges and the eco-system as a whole," said Dave Chapman, COO of ANX. "We are delighted that Bit-X has selected ANX as their preferred white-label provider by surpassing their technology and operational requirements."

In addition to the development and management of the Bit-X Exchange, ANX will notify its19,750+ existing North American users to instantly migrate to the new Bit-X Exchange which has a go live date within 60 days.

Read this release in full at http://www.investorideas.com/CO/BITXF/news/2015/05111.asp

ABOUT BIT-X:

Bit-X Financial Corp is a Vancouver based Company listed on the OTC.QB under the trading symbol BITXF. The Company has announced an exclusive agreement with Hong Kong based ANX to develop a crypto-currency exchange and to provide ongoing technical, development and support services to registered users worldwide. Bit-X Financial Corp is a reporting issuer in the Province of British Columbia with the British Columbia Securities Commission "BCSC" and in the United States with the Securities Exchange Commission "SEC".

ABOUT ANX:

Founded in June 2013, ANX has grown into one of the most used Bitcoin exchange platforms worldwide. ANX is one of the largest and most diverse Bitcoin exchanges in the world. It is a pioneer and leader in the crypto-currencies industry. ANX's achievements to date include introducing the world's first multi-currency online Bitcoin exchange platforms (ANXPRO.COM & ANXBTC.COM), the world's 3rd Bitcoin ATM machine, and a full-featured ANX Vault mobile app for crypto-currencies. ANX recently acquired troubled Bitcoin exchanges Norwegian based JUSTCOIN.COM and US based COINMKT.COM to expand into the European and North American markets. ANX was one of the first firms specializing in crypto-currencies to be issued with a Money Service Operator (MSO) license and prides itself on its transparency and regulatory compliance. The founding partners have financial markets, management consulting, banking technology and compliance backgrounds.

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
Brad Moynes
press@bitxfin.com

ANX
Jess Chan
press@anxintl.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.

Digital Currency News: Bit-X Financial (OTCQB: BITXF) Reports Exclusive Bitcoin Exchange & Services Agreement with Hong Kong Based ANX

Digital Currency News: Bit-X Financial (OTCQB: BITXF) Reports Exclusive Bitcoin Exchange & Services Agreement with Hong Kong Based ANX

VANCOUVER, BC - May 11, 2015 (Investorideas.com Newswire) - Bit-X Financial Corp. (OTCQB: BITXF) reports that in April it executed an Exclusive Bitcoin Exchange and Services Agreement with Hong Kong based ANX. The proprietary ANXPRO trading and matching engine manages high volume, high throughput, and low latency trading and was modeled on the same technology recently leveraged by the world’s largest Investment Banks. It also features blended multi-currency settlement in addition to real time FX pricing and risk management.

Under terms of the agreement, ANX will develop a white-label crypto-currency exchange utilizing ANXPRO's world-class proprietary trading platform. The agreement includes technical, development and support services to Bit-X and its registered users worldwide.

"The ANXPRO proprietary trading engine is a critical component to our business," said Brad Moynes, President of Bit-X Exchange. "This agreement with ANX enables us to instantly offer crypto-currency services to our customers utilizing a proven technology platform and relying on the operations of a well-established brand and a very experienced team."

Functionality of the Bit-X Exchange will include deposit and withdrawal services for multiple fiat currencies, payment processing via Vogogo Inc. services, trading exposure to Bitcoin, Ripple, Litecoin, Dogecoin and Stellar while leveraging the established global liquidity order book; developed and managed by ANX.

"This is a win-win for crypto-currency exchanges and the eco-system as a whole," said Dave Chapman, COO of ANX. "We are delighted that Bit-X has selected ANX as their preferred white-label provider by surpassing their technology and operational requirements."

In addition to the development and management of the Bit-X Exchange, ANX will notify its19,750+ existing North American users to instantly migrate to the new Bit-X Exchange which has a go live date within 60 days.

Read this release in full at http://www.investorideas.com/CO/BITXF/news/2015/05111.asp

ABOUT BIT-X:

Bit-X Financial Corp is a Vancouver based Company listed on the OTC.QB under the trading symbol BITXF. The Company has announced an exclusive agreement with Hong Kong based ANX to develop a crypto-currency exchange and to provide ongoing technical, development and support services to registered users worldwide. Bit-X Financial Corp is a reporting issuer in the Province of British Columbia with the British Columbia Securities Commission "BCSC" and in the United States with the Securities Exchange Commission "SEC".

ABOUT ANX:

Founded in June 2013, ANX has grown into one of the most used Bitcoin exchange platforms worldwide. ANX is one of the largest and most diverse Bitcoin exchanges in the world. It is a pioneer and leader in the crypto-currencies industry. ANX's achievements to date include introducing the world's first multi-currency online Bitcoin exchange platforms (ANXPRO.COM & ANXBTC.COM), the world's 3rd Bitcoin ATM machine, and a full-featured ANX Vault mobile app for crypto-currencies. ANX recently acquired troubled Bitcoin exchanges Norwegian based JUSTCOIN.COM and US based COINMKT.COM to expand into the European and North American markets. ANX was one of the first firms specializing in crypto-currencies to be issued with a Money Service Operator (MSO) license and prides itself on its transparency and regulatory compliance. The founding partners have financial markets, management consulting, banking technology and compliance backgrounds.

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
Brad Moynes
press@bitxfin.com

ANX
Jess Chan
press@anxintl.com

SOURCE: Bit-X Financial Corp.

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

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