NXT-IDs new technology allows users to manage all their traditional bank accounts, credit cards, debit cards and cryptocurrency accounts from a single place. Using this new technology, people can initiate fund transfer, exchange currency, send and receive payments.
The company has already come out with its first product that utilizes this new technology. Named Wocket, the product is a next generation smart wallet by NXT-ID. It ensures the user’s privacy and replaces all the cards one is used to carrying in their physical wallets. What makes it more exciting is the fact that it does not need an internet connection or a smart phone to carry out transactions.
WocketCard can be used at any place and any POS system that accepts credit cards. As an added layer of security, the WocketCard also includes a biometric safety feature which requires the registered user’s voice stamp to approve a transaction.
According to David Tunnell, the Executive Vice President and the Chief Technology Officer of NXT-ID, the new technology that is being patented introduces uniformity to cryptocurrency payments. With the new technology, people will be able to pay with cryptocurrency over existing payment methods. Once it is made possible for people to make bitcoin