NXT-ID’s Merger Positions Them For Further Growth

NXT-ID, Inc’s CEO Gino Pereira took some time to catch up with Wall Street Analyzer and discuss the company’s strong second quarter results and merger with FitPay, a proprietary payments technology platform.  He also covered the company’s milestone agreements with Visa and Mastercard, which will allow it to enable payments on wearable and Internet of Things (IoT) devices through tokenization, a technology for transacting secure payments.  Mr. Pereira elaborated on the company’s expansion into secure IoT applications and went over key trends that will boost their flye smartcard product and LogicMark, a recently acquired company in personal emergency response systems (“PERS”) industry.  Regarding NXT-ID’s quarterly results, he commented on the company’s improved financial structure and strong balance sheet.

 

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