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Stock impact report

Consumers Demand NFC Payment Platforms For Cryptocurrency Rising at a Rapid Rate

NXT-ID Inc. (NXTD) 
US:NASDAQ Investor Relations: nxt-id.com/investor-relations
Company Research Source: PR Newswire
PALM BEACH, Florida, May 21, 2019 /PRNewswire/ -- New merchant processing and point of sale platforms have been introduced into the market at a rapid rate over the last few years, and mobile payments such as contactless near field communication (NFC), are evolving almost daily and will have an impact on the cryptocurrency payment platforms. An industry article said: "Society as a whole is using less of the physical monetary medium, and more businesses are adapting by accepting credit and debit cards. The payments market is changing from cash to checks, from cards to online payments to payments using mobile devices. Businesses that didn't accept credit cards a few years ago are now embracing the change to speed up the payments cycle and maintain or grow their customer base. Now you can even pay your rent, taxes, and monthly bills via credit cards. It's predicted that by 2025, 75% of all transactions will be made without cash. Mobile payment applications and mobile banking are increasin Show less Read more
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