VANCOUVER, Oct. 31, 2017 /CNW/ - NetCents Technology Inc. ("NetCents" or the "Company") (CSE: NC), is pleased to introduce its proprietary NetCents Cryptocurrency Exchange ("NC Exchange") for the "NetCents Coin" (NCCO).
NetCents is a payment processing company whose focus is on streamlining crypto currency purchasing for both users and merchants. The NC Exchange is a separate distinct entity apart from NetCents and will act independently from NetCents Technology Inc., but within the NetCents ecosystem. The NC Exchange runs entirely on the blockchain technology and will handle all payments, settlements and tracking distribution metrics for the NetCents coin. The NC Exchange will provide a liquid environment that will allow NetCents Technology merchant partners and users to realize instantaneous reconciliations in a streamlined process.
NetCents CEO, Clayton Moore, said, "The Trust Corporation was established as a non-profit trust to manage the release mechanism of the coin and to give users and merchants the comfort and confidence knowing they are transacting with a digital currency of value. Our research has shown that users and merchants want to use crypto but their biggest challenge is the volatility and lack of currency backing."
The coin will allow NetCents to access markets and opportunities not previously available to traditional processors. Mr. Moore further added, "The coin will increase the company's revenue streams through the growth of user fees, transaction fees, merchant's fees and remittance fees that will all flow into NetCents. It is our goal to become a major player in this space and to be the underlying technology that connects traditional processors to banks and exchanges allowing users the simplicity of transacting anywhere in the world."
He concluded by saying, "The financial blockchain race to update an outdated financial system is underway and NetCents is well positioned with our banking partners to play a significant role in this transformation and in tomorrow's financial flows."
Over the next 30 days it is anticipated the NC Exchange to become more active as transactions increase with purchasing of NCCO moving from Pre-Launch to more widely held and adopted. The company urges all interested parties to continue to check for updates at the NetCents exchange and corporate website: www.net-cents.com.
NetCents is a next generation online payment processing platform, offering consumers and merchants online services for managing electronic payments. The Company is focused on capturing the migration from cash to digital currency by utilizing innovative Blockchain Technology to provide payment solutions that are simple to use, secure and worry free. NetCents works with its financial partners, mobile operators, exchanges, etc., to streamline the user experience of transacting online. NetCents Technology is integrated into the Automated Clearing House ("ACH") and is registered as a Money Services Business (MSB) with FINTRAC, which ensures our consumer's security and privacy. NetCents is available for deposits from 194 Countries around the World, providing you with the freedom to choose to Pay. Your Way.™
On Behalf of the Board of Directors
NetCents Technology Inc.
Clayton Moore, CEO, Founder and Director
NetCents Technology Inc.
Suite 880, 505 Burrard St (Bentall 1),
Vancouver, BC, V7X 1M4
Cautionary Note Regarding Forward Looking Information
This release includes certain statements that may be deemed "forward-looking statements". All statements in this release, other than statements of historical facts, that address events or developments that the Company expects to occur, are forward-looking statements. Forward-looking statements are statements that are not historical facts and are generally, but not always, identified by the words "expects", "plans", "anticipates", "believes", "intends", "estimates", "projects", "potential" and similar expressions, or that events or conditions "will", "would", "may", "could" or "should" occur. Although the Company believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results may differ materially from those in the forward-looking statements. Factors that could cause the actual results to differ materially from those in forward-looking statements include regulatory actions, market prices, and continued availability of capital and financing, and general economic, market or business conditions. Investors are cautioned that any such statements are not guarantees of future performance and actual results or developments may differ materially from those projected in the forward-looking statements. Forward-looking statements are based on the beliefs, estimates and opinions of the Company's management on the date the statements are made. Except as required by applicable securities laws, the Company undertakes no obligation to update these forward-looking statements in the event that management's beliefs, estimates or opinions, or other factors, should change.
SOURCE NetCents Technology Inc.
For further information: please visit the corporate website at www.net-cents.com or contact Robert Meister, Capital Markets at Ph: 604.638.7563 or email: [email protected]