NXT-ID, a biometric authentication company, has recently noted that more and more people now prefer bitcoin as a standard currency, particularly tourists. With bitcoin now being accepted at restaurants, amusement parks and gift shops, NXD-IT's Wocket, world's first electronic 'smart wallet', will assist consumers in making safe choices.



According to recent reports, interest in bitcoin has levelled off and blockchain is gaining popularity among the financial institutions. Wocket looks set to help users who want to utilize bitcoin or other digital currencies.



Following the launch of the smart wallet, that aims to simplify the use of bitcoin and other digital currencies, the shares of NXT-ID, Inc. (NASDAQ: NXTD) have been slashed by half as the stock market is witnessing difficult times especially with regard to the liquidity of the thinly-traded issues.



The company has also filed for a provisional patent 62/198989 for 'Electronic Cryptocurrency Management Method and System' in order to integrate cryptocurrency technology including bitcoin with the consumer payments market.