• Skip to main content
  • Skip to secondary menu
  • Skip to primary sidebar
  • Skip to footer
  • Our Services
  • Contact Us
  • Newsletter
  • Top Nav Social Icons

Mobile ID World

Mobile ID World

Identification Revolution

  • Mobile ID
    • What Is Mobile ID?
    • Identity Associations
    • Premier Partners
    • FAQ
  • News
  • Solutions
    • Behavioral
    • Facial Recognition
    • Fingerprint Biometrics
    • Iris Biometrics
    • Second Factor
    • Smart Cards
    • Smartphones
    • Vital
    • Voice
    • Wearable Tech
    • Other
  • Applications
    • Access Control
    • Cloud Technology
    • Commerce
    • Enterprise
    • Healthcare
    • Identification
    • Internet of Things
    • Law Enforcement
    • Strong Online Authentication
  • Exclusive
    • Interviews
    • Featured Articles
    • Podcasts
  • Companies
  • Events

Contactless CPI Tech Powers Fit Pay’s Cryptocurrency Payment Device

July 10, 2019

Contactless CPI Tech Powers Fit Pay's Cryptocurrency Payment Device

Fit Pay is utilizing the CPI Card Group’s Adaptives contactless payment technology in its Flip payment device. The Flip operates much like any other NFC device, but is noteworthy because it allows owners make retail purchases with Bitcoin and other cryptocurrencies once those currencies have been converted to US dollars and loaded onto the device.

The Flip itself is roughly the size of a poker chip, and can be used at a range of locations in the US that already support contactless transactions. Each Flip is linked to a Fit Pay digital wallet, which allows the owner to transfer and store money from a bank account or various cryptocurrencies, including Bitcoin.

“We’re seeing an evolution in consumers’ relationships with their wallets,” said Jack Jania, CPI Card Group’s VP of Product Management and Innovation. “People went from paying with cash to mostly paying with cards. There’s significant appeal and interest in easy to carry and quick to access payment methods, and payment objects help answer that call.” 

By choosing Adaptives, Fit Pay was able to collaborate with CPI Card Group to determine the final form factor of the Flip. Fit Pay first prepped for mass production of the Flip in June of 2018 after the Nxt-ID subsidiary revealed plans for a wearable cryptocurrency platform at the end of the previous year.

Filed Under: Industry News Tagged With: Adaptives, Bitcoin, contactless payments, CPI Card Group, cryptocurrencies, cryptocurrency, digital payments, digital wallets, Fit Pay, Flip, mobile payments, NFC payments

Related News & Articles

Yubico Makes Passwordless Authentication Generally Available for Azure AD Users

Printable and Flexible Sensors Market on Track to Hit $4.5 Billion by 2030

5G, IoT, AI to Be Key Topics at MWC19 LA

Primary Sidebar

Register For the Next Virtual Identity Summit

Register now!

Tweets

Sponsored Links

facetec logo

FaceTec’s patented, industry-leading 3D Face Authentication software anchors digital identity, creating a chain of trust from user onboarding to ongoing authentication on all modern smart devices and webcams. FaceTec’s 3D FaceMaps™ make trusted, remote identity verification finally possible. As the only technology backed by a persistent spoof bounty program and NIST/iBeta Certified Liveness Detection, FaceTec is the global standard for Liveness and 3D Face Matching with millions of users on six continents in financial services, border security, transportation, blockchain, e-voting, social networks, online dating and more. www.facetec.com

FACEPHI is a global leader in Facial Recognition technology and in Mobile Biometrics technologies. With a strong concentration in the financial sector, FacePhi’s product is rapidly becoming a service used by banks all over the world. Its implementation doesn’t just save money, it is also a way to attract clients and build loyalty, while increasing the security of transactions for both the customer and the business. To learn more about FacePhi, visit https://www.facephi.com/en/

Recent Posts

  • Kenya’s New President Pushes for Digital ID By Year’s End
  • MDL, Digital ID Gain Momentum in State Efforts
  • Brazil-based Selfie Onboarding Startup Reports 250% Sales Jump, Global Expansion
  • ‘All Partners Remain Committed’ to Digital Travel ID Project: Transport Canada
  • North Carolina DMV Seeks Political Support for MDL

Footer

  • About Us
  • Company Directory
  • Advertise With Us
  • Contact Us
  • Privacy Policy
  • Terms of Use
  • Archives
  • CCPA: Do not sell my personal info.

Follow Us

Copyright © 2023 MobileIDWorld