Biometric authentication company NXT-ID has observed that Bitcoin is now being increasingly used as a standard currency more often, especially by tourists. Many instead of converting Euros choose to bring Bitcoin. Although it could be a late fad, but Bitcoin being acceptable at restaurants, amusement parks and gift shops prove one point, and that is that the market for this remains insatiable and secure digital Wocket® indeed will help a consumer make safe choices.
It was recently reported that interest in Bitcoin has evened out and blockchain is emerging as the main attraction among the financial institutions. Wocket is now in a strong position to help consumers who want to use Bitcoin or other cryptocurrencies.
After the launching of the secure digital Wocket®, that looks set to also ease the usage of Bitcoin and other cryptocurrencies, and the raising of the capital to fund marketing and production expansion for the impending holiday season, the shares of NXT-ID, Inc. (NASDAQ: NXTD) have been cut down to half as the stock market has been really undergoing turbulent times recently especially when it comes to liquidity of the already thinly-traded issues.
Leading research and investment firm Zacks, which is driven by a set of quantitative and also a backward-looking metrics, has a sell rating on the stock. NXT-ID, however, maintains that it has remained on the plan and will continue to remain steady on it.
Recently, the company announced it has filed provisional patent 62/198989 for ELECTRONIC CRYPTOCURRENCY MANAGEMENT METHOD AND SYSTEM in a bid to advance cryptocurrency technologies such as Bitcoin into the consumer payments market.
The Company is mainly focusing on the expanding m-commerce market and provides innovative security solution MobileBio® to mitigate consumer risks associated with mobile computing, m-commerce and smart OS-enabled devices. NXT-ID’s wholly owned subsidiary, 3D-ID LLC, is engaged in biometric identification and has 22 licensed patents in the field of 3D facial recognition.