VANCOUVER, April 16, 2018 /CNW/ - NetCents Technology Inc. ("NetCents" or the "Company") (CSE: NC / Frankfurt: 26N) is pleased to announce that the Company has gone live with merchants and is actively processing cryptocurrency transactions. The company is now working on completing the onboarding process for the first phase merchants who have signed up to use the NetCents Merchant Gateway. With the Company's current signed contracts, the Company has access to over 80,000 merchants in its pipeline.
"The successful start of live transactions was the final piece of the puzzle to prove that the NetCents platform is ready to become the backbone of cryptocurrency processing worldwide," stated Clayton Moore, CEO of NetCents Technology. "With 80,000 merchants in our pipeline, coupled with the new contracts we are working on, NetCents is poised to become the go-to merchant solution for cryptocurrency payments."
The first batch of merchants using the NetCents Merchant Gateway went live over a week ago and have successfully been processing transactions using the Company's Instant Settlement process. Processing has increased from one transaction every 72 minutes over the first weekend to one transaction every five minutes, representing a processing increase of 1,340% in a matter of days.
All of the transactions processed to date have been completed using the NetCents Instant Settlements process, providing merchants guaranteed protection against market-volatility and liquidity issues associated with cryptocurrency processing. Instant Settlements solved these gating items that have prevented cryptocurrencies from truly become mainstream and used for everyday payments, paving the way for merchant adoption.
"One of the most difficult decisions we made as a company was to discontinue traditional processing to completely focus on crypto. It is the best decision we have made. NetCents is now generating multiple revenue streams that we never had access to before," added Clayton Moore. "NetCents provides a fully-integrated and complete payment processing solution for merchants looking to accept cryptocurrency for everyday transactions, eliminating many of the issues traditional processor are still faced with every day."
If your company or organization wishes to integrate the NetCents platform into your website, visit https://net-cents.com/business/register and sign up for a business account to complete the online form to get the digital integration and application processes started.
If you are a merchant acquirer or payment processor looking to offer seamless and risk-free payment processors to your merchants, please contact [email protected].
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 Gord Jessop, President: [email protected]