XTM joins consortium lead, Liquid Avatar and other leaders in technological know-how, healthcare and client information, venue and spot management, college and university campus everyday living and journey and leisure to assistance people start off having again to their every day life

TORONTO, Dec. 16, 2020 /PRNewswire/ – XTM, Inc. (“XTM” or the “Corporation”) (CSE:Paid out) (FSE:7XT), a Toronto-primarily based Fintech organization in the neo-banking place, furnishing cell banking and payment answers close to the environment right now announced it has joined Verifiable Id Healthcare Credential consortium to support the issuance, administration and verification of COVID-19 electronic diagnostic screening and vaccination verification for the hospitality, particular care and other business sectors that it services. XTM joins consortium lead, Liquid Avatar (www.liquidavatar.com), and KABN Methods NA Holdings Corp.  (CSE:KABN), a Canadian fintech enterprise that specializes in continuous on the internet identity verification, together with companions Believe in around IP Foundation, Lumedic, Loop Insights (TSXV:MTRX), The Campus Agency and TripXpertz.

XTM permits North American sector leaders in the hospitality, personal care and sports and amusement sectors to electrical power cashless payments to employees, which include 7 of the 10 premier cafe chains 5 of the premier pizza supply chains like Dominos and Boston Pizza the premier personalized treatment salon chain and the premier Canadian athletics and leisure group.

“We’re energized to be a part of this prestigious consortium in bringing this know-how to our shoppers and their staff in the hospitality, individual treatment, foods companies and amusement sector,” stated Marilyn Schaffer, CEO of XTM.  “Our objective is to aid our business companions as a result of innovation.  Our no cost, money-alternative alternative like the Verifiable Identification Healthcare Credential initiative, is our way of ensuring that our shoppers can efficiently, effectively and securely get again to executing business.”

The consortium has designed an built-in answer ecosystem that permits healthcare issuers, individuals and verifiers to have a digital COVID-19 verifiable identification health care credential that is safe, consumer managed and managed to guarantee privateness, transportability and relieve of use. This remedy supports the foundation for the acceptance of digital Health care Passports and make it possible for competent Well being Gurus with the means to concern a Verifiable Credential that allows venues and other facilities to confirm equally the issued credential and the identified consumer in true-time to grant access and / or services. 

“We are thrilled to have XTM sign up for the consortium and collectively get the job done to assistance business enterprise and their patrons commence finding back again to their normal life and frequenting eating places, salons, arenas and other entertainment and hospitality amenities, with the use of protected, personal, protected and quick to use electronic credentials” reported David Lucatch, CEO KABN.

The ecosystem is created on a Belief around IP (TOIP) open up specifications framework, and the Environment Vast Net Consortium’s (W3C) specifications for decentralized identifiers for credential management with the potential to issue, control and confirm interoperable COVID-19 vaccination and other verifiable qualifications throughout a host of consumer managed and managed electronic wallets and purposes.

The COVID-19 Verifiable Healthcare Credential brings together health care details with the user’s biometrically confirmed identification credential.  When a request is made by a Verifier, the Person has a selection of which attributes are shared, creating a private verification transaction among on their own and a verifier. Though much of the engineering and solutions are currently in area, the launch of the health care credential pilot is expected to choose place in the initial quarter of 2021 to coincide with the predicted release of the COVID-19 widespread vaccination system. This resolution will not only be in a position to confirm identity qualifications for the Covid-19 vaccines, diagnostic and antibody testing, but will also be able to aid a huge array of immunizations and healthcare documents.  

Health care issuers and men and women will be granted obtain to the process at no expense.  Verifiers wishing to access the procedure will be charged a nominal membership and micro-payment for every verification, producing it pretty charge efficient and efficient to use the process for smaller and medium sized enterprises all the way up to main airways, venues and facilities.  The partners are dedicated to generating the companies inexpensive to all get-togethers, so that everyone can get back again to their day-to-day life.

About XTM Inc.  – www.xtminc.com

XTM, www.xtminc.com is a Toronto-primarily based fintech innovator in the challenger banking place serving to company and personnel alike expedite earnings payout and decrease or reduce banking fees.   We are a world-wide card issuer and payment expert giving no cost technological innovation to small business to automate and expedite worker payouts that can do away with income.  XTM integrates organizations to a payment ecosystem that is coupled with a absolutely free mobile app and Mastercard debit card with absolutely free banking characteristics. XTM drives company value and creates a beneficial consumer practical experience.  

XTM Inc. is publicly detailed on the Canadian Securities Trade (CSE) underneath the symbol “Paid out” (CSE:Paid out).

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