VANCOUVER, Sept. 4, 2018 /CNW/ - NetCents Technology Inc. ("NetCents" or the "Company") (CSE: NC / Frankfurt: 26N). The Company would like to provide a recap of the Company developments over the month of August.
On August 23, the Company announced that it had signed a merchant agreement with an industry-leading streaming video services company. Through the agreement, the Organization will use the NetCents Merchant Gateway to power cryptocurrency transactions for its advertising and subscription-based services. The Organization services over 120 million unique daily visitors all over the world and its ad network generates over 3 billion advertising impressions on a daily basis.
On August 24, the Company announced that it will be launching a branded cryptocurrency credit card into the Canadian and European markets. The NetCents Card will be able to be used anywhere, at over 40 million merchants worldwide, that Visa or MasterCard are accepted. Unlike other crypto credit cards in the market, NetCents cardholders will not have to pre-load cryptocurrency onto their card, as the card will be directly tied into their NetCents wallet.
On August 28, the Company announced it was entering the video game industry. The Company is working towards integrating cryptocurrency and payment processing into the game environment. The NetCents platform will be used as an Asset Management System. The Company will also be adding support for smart contracts on the Ethereum blockchain, supporting both ERC 20 and ERC 721 tokens.
On August 26, the Company announced that it signed an Enterprise Licensing deal for 28 Caribbean countries and had added Bitcoin Cash to the NC Exchange. The licensing deal is a three-year exclusive contract with Post Socratic Ventures (PSV). Through this agreement, PSV requested that the Company add Bitcoin Cash to the ecosystem due to demand from merchants and partners in their pipeline in the Gaming, Tourism and Crypto Tourism, and Luxury Hospitalities industry based in the Caribbean.
On August 21, the Company announced the launch of its four Partner Programs: Enterprise White-Label, ISO Reseller, Affiliate, and Developer. The Partner Programs were developed after consultation with key leaders in the payments space. The Partner Programs allow companies to incorporate cryptocurrency into their current business model, while minimizing time to market and development costs, maximizing the ROI for the Company's partners.
On August 16, the Company announced that it will be adding five new coins into the NetCents ecosystem due to upcoming Partner and Merchant requests. The five coins to be added are: Verge, Tron, Horizon (formerly ZenCash), Bitcoin Cash, and NEM. NEM and Bitcoin Cash have already been added to the NC Exchange. The Company is working on the integrations for Verge, Tron, and Horizon. Bitcoin Cash was added at the request of our Caribbean partner and Verge, Tron, and Horizon are being added at the request of our new Streaming Video Service Company merchant agreement.
On August 9, the Company announced that it had launched its native Apple and Android user applications. Through the apps, NetCents users are able to transact with Bitcoin, Litecoin, and Ether at¬ any merchant, worldwide, that accepts these cryptocurrencies as payment. Users simply use the NetCents app to scan the QR code to spend their cryptocurrency, both online and off.
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" Clayton Moore, CEO, Founder and Director
NetCents Technology Inc. Suite 1000 – 1021 West Hastings Street Vancouver BC V6B 0C3
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 Gord Jessop, President: [email protected], 604-895-7423.