Proactiveinvestors USA & Canada NetCents https://www.proactiveinvestors.com Proactiveinvestors USA & Canada NetCents RSS feed en Wed, 19 Jun 2019 05:59:16 -0400 http://blogs.law.harvard.edu/tech/rss Genera CMS action@proactiveinvestors.com (Proactiveinvestors) action@proactiveinvestors.com (Proactiveinvestors) <![CDATA[News - NetCents Technology's processing volumes increased in March and April by double-digits ]]> https://www.proactiveinvestors.com/companies/news/219982/netcents-technology-s-processing-volumes-increased-in-march-and-april-by-double-digits-219982.html NetCents Technology Inc (OTCMKTS:NTTTCF) (CSE:NC) announced Thursday it has increased processing volumes in March and April, and expects the trend to continue through May.

The Vancouver-based company realized a 44% increase in March over February, a 37% increase in April over March, and is on track to boost processing by 42% in May over April, according to a statement.

Together, NetCents said that comes out to an average of 41% month-over-month increase in processing volume.

READ: NetCents Technology strikes deal to process cryptocurrency payments for ILO crypto

Based on current growth rates and projections, NetCents said it estimates it will exceed C$6.5 million in processing volume by January 2020 and anticipates surpassing C$2 million per month in processing volume in the first quarter of 2020.

NetCents is an online payment processing platform as well as a transactional hub for cryptocurrency payments.

Over the past six months, the company has focused its business development efforts to launch and grow its partnership programs. The company said it is beginning to gain momentum with over 600 new direct merchants signed up in the last couple of months to use NetCents as their cryptocurrency payment processor.

As part of its development strategy, company representatives have been attending several key payments and cryptocurrency/blockchain conferences to connect with prospective clients.

"Now that the foundation is laid, onboarding has begun, and we continue to educate our partners, we are seeing an increase in the adoption rate of merchants and an increase in our transaction and volume and revenue," said CEO Clayton Moore.

Contact the author: patrick@proactiveinvestors.com

Follow him on Twitter @PatrickMGraham

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Thu, 09 May 2019 08:27:00 -0400 https://www.proactiveinvestors.com/companies/news/219982/netcents-technology-s-processing-volumes-increased-in-march-and-april-by-double-digits-219982.html
<![CDATA[Media files - NetCents Technology makes major improvements with Merchant Gateway 2.0 ]]> https://www.proactiveinvestors.com/companies/stocktube/13183/netcents-technology-makes-major-improvements-with-merchant-gateway-20-13183.html Thu, 02 May 2019 06:22:00 -0400 https://www.proactiveinvestors.com/companies/stocktube/13183/netcents-technology-makes-major-improvements-with-merchant-gateway-20-13183.html <![CDATA[News - NetCents Technology kicks off cryptocurrency processing with Surge365 ]]> https://www.proactiveinvestors.com/companies/news/218345/netcents-technology-kicks-off-cryptocurrency-processing-with-surge365-218345.html NetCents Technology (OTCMKTS:NTTCF) (CSE:NC) said Wednesday that the direct sales company Surge365 has been integrated into its Merchant gateway.

Thanks to the new tie-up, Surge365 will be able to accept and process its international membership subscriptions and transactions in cryptocurrency.

Surge365 is a direct sales company headquarted in Glen Carbon, Illinois, that gives its members access to hundreds of thousands of hotels, resorts, cruises, and all-inclusive resorts.

READ: NetCents launches Crypto Banking Stack to facilitate cryptocurrency banking

It also offers training and memberships for people looking to build home travel businesses by providing members the tools required to act as a travel agency.

As part of its integration with NetCents, Surge365 also aims to offer cryptocurrency as a payout option for company payments and bonuses, ranging between $1,000 and $1 million.

Based in Vancouver, NetCents is a transactional hub for cryptocurrency payments and allows businesses to integrate cryptocurrency processing into their payment models.

NetCents shares traded 4.3% higher at C$0.97 in morning trade Wednesday in Toronto.

Contact Ellen Kelleher at ellen@proactiveinvestors.com

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Wed, 10 Apr 2019 10:56:00 -0400 https://www.proactiveinvestors.com/companies/news/218345/netcents-technology-kicks-off-cryptocurrency-processing-with-surge365-218345.html
<![CDATA[News - NetCents announces merchant deal with Surge365 to expand travel industry reach of cryptocurrency ]]> https://www.proactiveinvestors.com/companies/news/216951/netcents-announces-merchant-deal-with-surge365-to-expand-travel-industry-reach-of-cryptocurrency-216951.html NetCents Technology Inc (CSE:NC) (OTCMKTS:NTTCF) said Thursday that it has signed a merchant agreement with Surge365 LLC to expand its travel industry reach.

The integration of the NetCents Merchant Gateway allows the Surge365 platform to accept and process international membership subscription transactions in cryptocurrency, according to NetCents.

In addition, Surge365 will work towards offering cryptocurrency as a payout option for company residuals and bonuses ranging from $1,000 to $1 million.

READ: NetCents launches Crypto Banking Stack to facilitate cryptocurrency banking

Based in Glen Carbon, Illinois, the network marketing company gives members access to hundreds of thousands of hotels, resorts, cruises and all-inclusive resorts around the globe.

It offers training and memberships for individuals to build their own home-based businesses by providing members with the tools required to act as an individual travel agency with custom-branded sales portals.

"The agreement with NetCents allows us to differentiate ourselves from the others by offering the future-forward cryptocurrency payment option and by tapping into the undeniably huge crypto market space," Surge365 Duane Vancil CEO said in a statement.

Shares of Netcents traded at C$1.20 in Wednesday’s Canadian trading. They fetched US$0.87 on the OTC Markets.

Contact Dennis Fitzgerald at dennis@proactiveinvestors.com

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Thu, 21 Mar 2019 09:03:00 -0400 https://www.proactiveinvestors.com/companies/news/216951/netcents-announces-merchant-deal-with-surge365-to-expand-travel-industry-reach-of-cryptocurrency-216951.html
<![CDATA[News - NetCents Technology strikes deal to process cryptocurrency payments for ILO crypto ]]> https://www.proactiveinvestors.com/companies/news/216381/netcents-technology-strikes-deal-to-process-cryptocurrency-payments-for-ilo-crypto-216381.html NetCents Technology Inc (OTCMKTS:NTTCF) (CSE:NC) announced Wednesday that it has entered into an agreement for the processing of cryptocurrency payments for ILO Crypto.

ILOCX is a platform which raises non-equity capital for companies in a unique way by selling Initial License Offerings (ILO's). It is a revenue-based method of raising capital, giving buyers the right to promote and or sell an underlying product or service and receive royalties based on the gross revenue of the company.

"The significance of this transaction is enormous for crypto holders everywhere, this partnership is giving them high quality alternative options for utilizing their capital currently locked in Bitcoin, Ethereum and various other altcoins,” said ILOCX CEO Edward Fitzpatrick in a statement.

READ: NetCents approved for trading on OTCQB

“Hundreds of billions of dollars are sitting in crypto looking for new ways to put this capital to work, thanks to this partnership between NetCents and ILOCX we can say with confidence that the era of utilization is here."

Shares in NetCents shot up 4.1% to $0.90 in the OTC Markets and 2.6% to $1.19 in Canada.

ILOCX's first exchange platform allows its companies to list and sell an ILO to raise capital and enhance sales. ILOCX has signed 54 companies with more than 20 already listed on the exchange. Additionally, ILOCX will be approving the listing of 30 more companies over the coming weeks and has over 40 companies in the immediate pipeline.

As part of this exclusive agreement with NetCents, ILOCX has launched www.ILOcrypto.com, a specialist exchange focused on allowing anyone holding Bitcoin, Ethereum, and various other altcoins to use that cryptocurrency to buy ILO's.

Through the merchant agreement, ILOCX will use the NetCents Merchant Gateway to power cryptocurrency transactions for its capital raising services. With $300 million in deals on the exchange to date, this platform demonstrates another way the NetCents and ILOCX partnership can tap into the hundreds of billions in crypto capital, giving crypto-holders alternative options for utilizing their capital and giving companies listing on ILOCX access to the capital they need.

Based in Vancouver, NetCents is an online payment processing platform as well as a transactional hub for cryptocurrency payments.

The company recently introduced its Zero Confirmation and Risk Analysis technology which validates cryptocurrency transactions before they are confirmed on the blockchain.

The company will license the technology to cryptocurrency payment processors, retailers and other businesses that are looking to clear a transaction before it is confirmed on the blockchain.

— (Story updated with stock action) — 

Contact Uttara Choudhury at uttara@proactiveinvestors.com

Follow her on Twitter: @UttaraProactive 

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Wed, 13 Mar 2019 14:24:00 -0400 https://www.proactiveinvestors.com/companies/news/216381/netcents-technology-strikes-deal-to-process-cryptocurrency-payments-for-ilo-crypto-216381.html
<![CDATA[News - NetCents launches Crypto Banking Stack to facilitate cryptocurrency banking ]]> https://www.proactiveinvestors.com/companies/news/216017/netcents-launches-crypto-banking-stack-to-facilitate-cryptocurrency-banking-216017.html NetCents Technology Inc (OTCMKTS:NTTCF) (CSE:NC) announced Thursday that it has launched Crypto Banking Stack to facilitate cryptocurrency banking.

The cryptocurrency hub company said financial Institutions will be able to use their existing hardware and software to offer clients access to a fully integrated cryptocurrency processing and transaction service.

The cryptocurrencies initially supported through the Crypto Banking Stack are bitcoin, ether, bitcoin cash and Litecoin, NetCents said in a statement.

READ: NetCents supports merchants in 55 countries after cryptocurrency payment hub’s expansion

Crypto Banking Stack will require only minor modifications to legacy systems, eliminating the need to develop and maintain proprietary cryptocurrency processing technology, according to Vancouver-based NetCents.

Low-cost, crypto-ready processing can be added quickly without the need for lengthy and costly development, the company said in a statement.

Once integrated through the Crypto Banking Stack application programming interface, financial Institutions will be able to offer their customers crypto banking services accessible through their current online bank profiles.

The crypto bank accounts will have the same functionality as standard checking and savings accounts, according to NetCents.

Included is the ability to add various crypto accounts or wallets; to transfer, deposit, withdraw, make a payment and view transactions; and to link a crypto bank account to debit cards.

The Crypto Banking Stack, according to NetCents, will have the ability to provide account holders with the ability to convert and move balances between crypto and legal tender bank accounts.

Shares of NetCents climbed US$0.14, or 16%, to US$1 in Wednesday’s OTC Markets trading. They advanced C$0.01 to C$1.23 in Canada.

Contact Dennis Fitzgerald at dennis@proactiveinvestors.com

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Thu, 07 Mar 2019 08:28:00 -0500 https://www.proactiveinvestors.com/companies/news/216017/netcents-launches-crypto-banking-stack-to-facilitate-cryptocurrency-banking-216017.html
<![CDATA[News - NetCents supports merchants in 55 countries after cryptocurrency payment hub’s expansion ]]> https://www.proactiveinvestors.com/companies/news/215823/netcents-supports-merchants-in-55-countries-after-cryptocurrency-payment-hubs-expansion-215823.html NetCents Technology Inc (CSE:NC) said Tuesday that it has completed the expansion and now supports merchants in 55 countries and 36 legal tender currencies.

The cryptocurrency payment hub said in a statement that merchants in China, Japan, Australia, the Caribbean, South America, the European Union, England and India have the ability to accept crypto payments with no volatility risk. The merchants have access to more than 8,000 banks internationally, according to NetCents.

“This is a huge leap forward for the company and for our partners,” NetCents Clayton Moore said. “We're excited to continue the Company's expansion into new markets."

READ: NetCents approved for trading on OTCQB

NetCents added that it’s now able to provide cryptocurrency payment solutions to merchants in all supported countries with settlement in their local currencies.

Through the NetCents platform, according to the company, merchants can settle funds directly into their bank accounts without intermediaries.

Shares of NetCents dropped C$0.06 to C$1.16 in Monday’s Canadian trading.

On Monday, the Vancouver-based company said it has been approved for trading on OTC Markets Group Inc’s OTCQB exchange.

Contact Dennis Fitzgerald at dennis@proactiveinvestors.com

 

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Tue, 05 Mar 2019 08:14:00 -0500 https://www.proactiveinvestors.com/companies/news/215823/netcents-supports-merchants-in-55-countries-after-cryptocurrency-payment-hubs-expansion-215823.html
<![CDATA[News - NetCents rolls out crypto platform with help from new merchant partner ]]> https://www.proactiveinvestors.com/companies/news/215538/netcents-rolls-out-crypto-platform-with-help-from-new-merchant-partner-215538.html NetCents Technology Inc (CSE:NC) said Thursday it has inked a five-year independent sales organization (ISO) reseller agreement with a top merchant service and point-of-sale terminal provider (MSP).

This means that the undisclosed MSP will now partner with NetCents to begin deploying the NetCents cryptocurrency payment platform to financial institutions, merchant acquirers and card issuers globally.

This agreement marks the 20th partner agreement that the Vancouver company has signed since it kicked off its partner programs last August. Via these contracts, NetCents has access to hundreds of thousands of merchants, as well as a sales force of agents who actively sell NetCents to merchants.

READ: NetCents has been around the blockchain; gears up to disrupt the crypto payments industry

The MSP partners with Apple Pay and Android Pay to process transactions on Verifone and GROOVV POS systems to allow merchants to accept a number of payment options including VISA, MasterCard, American Express, Apple Pay and now cryptocurrency.

READ: NetCents Technology partners with Results by Design to roll out payment platform globally

NetCents is an 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 blockchain technology.

NetCents shares slipped 5 cents to finish at C$1.05 on Wednesday.

Contact Ellen Kelleher at ellen@proactiveinvestors.com

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Thu, 28 Feb 2019 09:04:00 -0500 https://www.proactiveinvestors.com/companies/news/215538/netcents-rolls-out-crypto-platform-with-help-from-new-merchant-partner-215538.html
<![CDATA[Media files - NetCents develops technology to speed up transactions using cryptocurrency ]]> https://www.proactiveinvestors.com/companies/stocktube/12284/netcents-develops-technology-to-speed-up-transactions-using-cryptocurrency-12284.html Tue, 19 Feb 2019 14:49:00 -0500 https://www.proactiveinvestors.com/companies/stocktube/12284/netcents-develops-technology-to-speed-up-transactions-using-cryptocurrency-12284.html <![CDATA[News - NetCents introduces new tech that eliminates delays in blockchain transactions ]]> https://www.proactiveinvestors.com/companies/news/214642/netcents-introduces-new-tech-that-eliminates-delays-in-blockchain-transactions-214642.html NetCents Technology Inc (CSE:NC) said Thursday that it has introduced its Zero Confirmation and Risk Analysis technology which validates cryptocurrency transactions before they are confirmed on the blockchain.

The company will license the technology to cryptocurrency payment processors, retailers and other businesses that are looking to clear a transaction before it is confirmed on the blockchain.

READ: NetCents says upgrade to robust cryptocurrency SaaS platform among 2018 advances

There are currently over 287,000 blockchain transactions per day that this technology can be applied to, according to NetCents.

"As it is right now, there is a delay for all cryptocurrency transactions, opening a window for transactions to timeout, fraud, and double spending," said Clayton Moore, CEO of NetCents in a statement. "Being integrated with companies like Oracle and PAX, who alone has over 26 million terminals, the delay at the point of sale was something that we knew we needed to eliminate to instill confidence for retail merchants to begin accepting cryptocurrency and avoid transaction delays for the consumer."

READ: NetCents kicks off formal application process to list on the OTCQB exchange

The NetCents Zero Confirmation and Risk Analysis technology creates a pathway for near-instant commerce, guaranteeing the cryptocurrency transaction before it is confirmed by miners on the blockchain.

The transaction provides a score for each transaction, protecting it against fraud. If the transaction passes the NetCents scoring algorithm, the transaction is approved.

The platform enhancement cuts the wait time at point-of-sale transactions, which can take up to 30 minutes. With Zero Confirmation and Risk Analysis, NetCents can now deliver close to real-time confirmation for 98% of all Bitcoin transactions.

Headquartered in Vancouver, NetCents is an online payment processing platform as well as a transactional hub for cryptocurrency payments.

NetCents shares slipped 4.55% to finish at C$0.84 on Wednesday.

Contact Ellen Kelleher at ellen@proactiveinvestors.com

 

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Thu, 14 Feb 2019 07:50:00 -0500 https://www.proactiveinvestors.com/companies/news/214642/netcents-introduces-new-tech-that-eliminates-delays-in-blockchain-transactions-214642.html
<![CDATA[News - NetCents kicks off formal application process to list on the OTCQB exchange ]]> https://www.proactiveinvestors.com/companies/news/212808/netcents-kicks-off-formal-application-process-to-list-on-the-otcqb-exchange-212808.html NetCents Technology Inc (CSE:NC) announced Thursday that it has initiated the formal application process to trade on the OTC Markets' "QB" exchange.

The Vancouver-based online payment processor offers consumers and merchants online services for managing electronic payments. The company is focused on capturing the migration from cash to digital currency by utilizing blockchain technology.

The company is now listed on the Canadian Securities Exchange, the Frankfurt Stock Exchange and is hoping to trade soon in the Uunited States through the OTCQB venture market.

READ: NetCents says upgrade to robust cryptocurrency SaaS platform among 2018 advances

To be eligible, companies must be current in their reporting, undergo annual verification and certification and meet a $0.01 bid test.

"We have been planning to cross-list for quite a while but have been waiting until we established a footprint in the US,” said NetCents Technology founder and CEO Clayton Moore. “And now, with all of our signed US-based agreements along with the enhancements and platform functionality, the timing is now right for our formal entry into the US market," added Moore.

In the final quarter of 2018, NetCents reported a 206% increase in direct merchant sign-ups. In addition to the announced merchants, the company now boasts more than 425 direct merchant sign-ups, and the rate of sign-ups has increased each month.

NetCents has pushed back the release of its cryptocurrency credit card program in Canada to the spring of 2019 because of development work required for signed partner and merchant contracts.

Contact Uttara Choudhury at uttara@proactiveinvestors.com

Follow her on Twitter: @UttaraProactive 

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Thu, 17 Jan 2019 09:44:00 -0500 https://www.proactiveinvestors.com/companies/news/212808/netcents-kicks-off-formal-application-process-to-list-on-the-otcqb-exchange-212808.html
<![CDATA[News - NetCents says upgrade to robust cryptocurrency SaaS platform among 2018 advances ]]> https://www.proactiveinvestors.com/companies/news/212082/netcents-says-upgrade-to-robust-cryptocurrency-saas-platform-among-2018-advances-212082.html NetCents Technology Inc (CSE:NC) said Monday an upgrade to a robust cryptocurrency software as a service (SaaS) platform was among its milestones in 2018.

The Vancouver-based online payment processor said Monday in a press release that it also deployed iOS and Android merchant and user applications, implemented its instant settlements program and developed and deployed an asset management platform. Four new cryptocurrencies were added to its platform as well, cloud computing was integrated and its NC exchange was upgraded too.

"In 2018, the company was focused on laying the groundwork and building the foundation for future success, including signing key partnerships in the traditional payments space and building a best in breed platform," said Clayton Moore, founder and CEO, in a statement.

READ: NetCents has been around the blockchain; gears up to disrupt the crypto payments industry

In the final quarter of 2018, NetCents reported a 206% increase in direct merchant sign-ups. In addition to the announced merchants, the company now boasts more than 425 direct merchant sign-ups, and the rate  of sign-ups has increased each month.

In the last half of last year, NetCents forged a number of new partnerships and merchant agreements.

These tie-ups include an agreement with MindGeek as well as WealthShop, a chain of legal marijuana dispensaries. A five-year revenue-sharing agreement with High Risk Commerce LLC, meanwhile, will pave the way for the NetCents merchant gateway to be on offer to tens of thousands of online merchants processing billions of dollars in transactions, according to NetCents.

READ: NetCents says direct merchant cryptocurrency sign-ups more than tripled in past quarter

Other new pacts include a five-year revenue-sharing agreement with Post Socratic Ventures, which opens up access to 28 Caribbean countries as well as a five-year independent sales organization reseller agreement with Obanc, which caters to high risk and Las Vegas-based merchants.

On top of these moves, deals were worked out with SecureGlobalPay, a merchant service provider specializing in custom payment gateways, Kubera Payments, Sweet Bling, HubNet Media, LightHammer Consulting, which has a focus on the Canadian cannabis space andVerge Currency. Pacts with SoftPoint and  Bleu Pos, which have both integrated NetCents into their systems to allow thousands of merchants to accept cryptocurrency were also signed.

Separately, NetCents has pushed back the release of its cryptocurrency credit card program in Canada to the spring of 2019 because of development work required for signed partner and merchant contracts.

NetCents is an 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 blockchain technology.

NetCents shares added 10% to hit C$0.77 in Monday’s morning trading session.

Contact Ellen Kelleher at ellen@proactiveinvestors.com

 

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Mon, 07 Jan 2019 10:54:00 -0500 https://www.proactiveinvestors.com/companies/news/212082/netcents-says-upgrade-to-robust-cryptocurrency-saas-platform-among-2018-advances-212082.html
<![CDATA[News - NetCents has been around the blockchain; gears up to disrupt the crypto payments industry ]]> https://www.proactiveinvestors.com/companies/news/211687/netcents-has-been-around-the-blockchain-gears-up-to-disrupt-the-crypto-payments-industry-211687.html Bitcoin enthusiasts were celebrating the 10th birthday of the digital asset synonymous with cryptocurrency earlier this year. Creator Satoshi Nakamoto published a white paper online about peer-to-peer virtual currency back in 2008 and the rest is history. 

It’s been a volatile year for Bitcoin, but true-blue crypto enthusiasts are a loyal bunch and have hung on tight as the rollercoaster ride continues.  

READ: NetCents says direct merchant cryptocurrency sign-ups more than tripled in past quarter

The digital asset does have its fair share of naysayers from former Federal Reserve Chair Janet Yellen to JPMorgan Chase & Co (NYSE:JPM) CEO Jamie Dimon.

One of the loudest complaints about the crypto space is that digital assets aren’t really currency because they are difficult to spend. What good is a currency that the average person can’t use to buy something?

NetCents Technology Inc (CSE:NC) (OTCMKTS:NTTCF) heard the gripes loud and clear and rolled up its sleeves to develop a platform that would silence them once and for all. 

Solid foundation

CEO Clayton Moore, a 15-year veteran of the payments space, had just sold his company Cybux, a service industry-focused gift card platform, when he founded NetCents in 2006.   

“We were developing blockchain technology back when people didn’t really know yet what that was, or how it would change the weren’t even really aware of the term,” said Moore in an exclusive interview with Proactive Investors.

“We’re not one of these new companies that just popped out of the blue in this last big boom here to try to capitalize on this recent wave of interest in blockchain. We’ve been around for a while and have been through a few waves of growth in the space,” added Chief Revenue Officer Jenn Lowther.

Its user-friendly platform was designed to facilitate secure cryptocurrency transactions between merchants and consumers, making it as simple as possible for all parties involved. 

Merchants can accept fiat, credit card or cryptocurrency and process crypto-to-crypto or crypto-to-fiat settlements. 

NetCents describes its platform as “cryptocurrency agnostic” as its able to process any cryptocurrency.

The Vancouver-based company values the cryptocurrency payment processing market at $228 billion.

Secure transactions

The Federal Deposit Insurance Corporation was founded in 1933 during the Great Depression, designed to restore economic stability and to regain consumers’ trust in the American banking system.

Consumers have come to expect that level of protection and have been quick to point out where digital assets are lacking in the security department.

NetCents is integrated into the Automated Clearing House, an e-network for financial transactions, and is registered as a Money Services Business with Financial Transactions and Reports Analysis Centre of Canada.

Merchants are protected from the notorious market volatility associated with cryptocurrency through NetCents’ proprietary Instant Settlements process.

READ: NetCents releases its first SaaS-based cryptocurrency payments processing platform

The sale price is guaranteed for merchants, locking in the crypto-to-fiat exchange rate at the time of the transaction and allowing for merchants to feel secure in accepting crypto whether online or in-store. 

Merchants also benefit from a low transaction fee, seeing savings between 3% to 9%, the company estimates.

On the flip side, consumers will soon have access to a cryptocurrency credit card that can be used anywhere Visa or MasterCard are accepted, giving them access to more than 40 million merchants.

The card, which is expected to roll out in 2019, acts similar to an eWallet, but consumers don’t store the coins on pre-loadable cards. Instead, the card is used to purchase crypto at market price.

Its designed to protect against volatility and can speed up the transfer time compared with slower, legacy methods like wire transfers.

Blockchain is not Bitcoin

Blockchain and Bitcoin are two of the buzziest words in the crypto space, but they’re not one in the same.

“The correlation should never be between Bitcoin and blockchain, or the companies that are developing the technology in the space. Bitcoin is one coin, one currency,” said Moore.

While the price of Bitcoin has fluctuated wildly, NetCents’ business has remained steady.

Despite the 2018 bear market, NetCents has seen its direct merchant sign-ups more than triple, reporting a 206% increase in its last quarter, totaling 387 sign-ups.

"We have an increasing number of companies, both partner and merchant, approaching us directly," said Moore.

"With the increase in merchant sign-ups, the addition of core partners in the payments space, and key platform upgrades, we are ready for our projected growth in merchants and revenue," he added.

Going forward
“The real tech community is going gangbusters right now over blockchain technologies and cryptocurrencies to develop technology to make it easier, quicker, faster and better. The next wave, whenever that may come, will eclipse this last one,” said co-founder Fraser Macdougall.

In anticipation of continued growth, NetCents recently launched its SaaS-based platform for merchants looking to add cryptocurrency processing to their platform.

NetCents plans to integrate merchant support for 60 countries and payout merchants in more than 30 fiat currencies.

Gaming and wagering companies have been especially receptive to the NetCents’ technology.

NetCents has inked deals with several such companies, including WildBunch Gaming and HubNet Media, which manages trading sites that cater to retail traders.

Looking ahead, NetCents is aiming to gain ground in eSports spaces and online travel companies.

--Lenore Fedow contributed to this report

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Fri, 21 Dec 2018 11:31:00 -0500 https://www.proactiveinvestors.com/companies/news/211687/netcents-has-been-around-the-blockchain-gears-up-to-disrupt-the-crypto-payments-industry-211687.html
<![CDATA[News - NetCents says direct merchant cryptocurrency sign-ups more than tripled in past quarter ]]> https://www.proactiveinvestors.com/companies/news/210508/netcents-says-direct-merchant-cryptocurrency-sign-ups-more-than-tripled-in-past-quarter-210508.html Blockchain-focused online payment processor NetCents Technology Inc (CSE:NC) (OTCMKTS:NTTCF) said Tuesday that direct merchant signups more than tripled in the past quarter.

In addition to merchant partners, there are now 387 direct merchant sign-ups, the Vancouver-based company said in a press release. 

READ: NetCents releases its first SaaS-based cryptocurrency payments processing platform

NetCents added that sign-ups have accelerated each month and that it expects quarterly growth of as much as 500% in direct and partner merchant sign-ups in the year ahead.

"It's great to see all of our hard work starting to coalesce," CEO Clayton Moore said in a statement. "We have spent the last year laying the groundwork to become the underlying technology to drive cryptocurrency payments, and it is starting to take off."

Since launching its partnership program in August, the company has announced eight major partners. Under these partnerships, the company has direct access to hundreds of thousands of merchants that these partners currently have in their portfolios.

Cryptocurrency platform grows

The company added that it has begun adding the merchants to the NetCents platform and that the merchants are now accepting cryptocurrency.

Earlier this week, NetCents said it had released the first cryptocurrency processing platform based on the software as a service (SaaS) distribution model.

Shares of NetCents slipped C$0.01 to C$1 in Tuesday’s Canadian trading.



Contact Dennis Fitzgerald at dennis@proactiveinvestors.com

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Tue, 04 Dec 2018 10:35:00 -0500 https://www.proactiveinvestors.com/companies/news/210508/netcents-says-direct-merchant-cryptocurrency-sign-ups-more-than-tripled-in-past-quarter-210508.html
<![CDATA[News - NetCents releases its first SaaS-based cryptocurrency payments processing platform ]]> https://www.proactiveinvestors.com/companies/news/210414/netcents-releases-its-first-saas-based-cryptocurrency-payments-processing-platform-210414.html Blockchain-focused online payment processor NetCents Technology Inc (CNSX:NC) (OTCMKTS:NTTCF) said Monday that it has released the first cryptocurrency processing platform based on the software as a service (SaaS) distribution model.

The Vancouver-based company said in a press release that the SaaS platform is designed to be a turnkey approach to starting or adding cryptocurrency processing to a platform or portfolio. The versatility and flexibility of the system allows easy branding, onboarding and integration, according to NetCents.

READ: NetCents' technology gets a boost as it enters reseller deal with Kubera Payments

"We knew that we needed to partner with key players in the payments space and work together to bring crypto payments from a vision of the future to a reality and make it easier for consumers to spend crypto," CEO Clayton Moore said in a statement. "With our upgraded platform, we are now poised to be able to rapidly onboard these new partners and their merchants, bringing us one step closer to our goal of becoming the technology that powers cryptocurrency payments worldwide."

NetCents added that it has developed four application programming interface (API) documents for ease of integration with merchants and partners as well as point-of-sale and terminal environments.

Last month the company struck a reseller agreement with Vancouver-based Kubera Payments for its cryptocurrency merchant gateway.

Shares of NetCents climbed C$0.01 to C$0.96 in Monday’s Canadian trading.



Contact Dennis Fitzgerald at dennis@proactiveinvestors.com

 

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Mon, 03 Dec 2018 10:25:00 -0500 https://www.proactiveinvestors.com/companies/news/210414/netcents-releases-its-first-saas-based-cryptocurrency-payments-processing-platform-210414.html
<![CDATA[News - CryptoCann™ Report: Statistics Canada turns to toilet for cannabis use data; NetCents releases SaaS-based platform ]]> https://www.proactiveinvestors.com/companies/news/210417/cryptocann-report-statistics-canada-turns-to-toilet-for-cannabis-use-data-netcents-releases-saas-based-platform-210417.html On Monday, Blockchain-focused online payment processor NetCents Technology Inc (CSE:NC) (OTCMKTS:NTTCF) said it released the first cryptocurrency processing platform based on the software as a service (SaaS) distribution model.

Shares perked up 2.1% to C$0.97.

READ: NetCents releases its first SaaS-based cryptocurrency payments processing platform

In other news, Group of 20 country leaders have called for an international cryptocurrency taxation.

The decision was reached at the G20 leaders’ summit held Dec. 1 in Argentina. The regulations will be in line with the Financial Action Task Force (FATF) recommendations.

A joint press statement said: “We will continue to monitor and, if necessary, tackle emerging risks and vulnerabilities in the financial system; and, through continued regulatory and supervisory cooperation, address fragmentation.”

November has been an unusually tough month for crypto markets, with its sharpest single-month decline in around four years. It is estimated that US$70 billion, or one-third of the market, was wiped out in November, which plunged all altcoins to their lowest levels in well over a year.

Ian King, senior analyst at Banyan Hill Publishing, spoke to Proactive Investors recently about the current state of the cryptocurrency market.

WATCH: Banyan Hill Publishings' Ian King explains the sell-off in crypto this week

King says the sell-off began when Bitcoin Cash made a software update, and the largest miner of bitcoin then shifted its capacity to Bitcoin Cash, causing mining to drop for the first time in two years. 

 

The Cann Report

To thine own toilet, be true.

Instead of using the phone, Canada’s statistics department, Statistics Canada, turned to the toilet to get information about cannabis users.

From March through August of 2018, Stats Canada analyzed the wastewater of five cities: Halifax, Montreal, Vancouver, Edmonton and Toronto. It tested sewage samples to detect amounts of THC-COOH, a metabolite produced by people after they consume cannabis' psychoactive compound,THC.

READ: Asterion Cannabis builds economies of scale for competitive advantage

The new data suggest Halifax has the highest rate of cannabis consumption per capita among five urban centres across the country.

In other news, Tetra Bio-Pharma Inc (CVE:TBP) has won financing from its partner and fellow Canadian cannabis company Aphria (TSE:APHA) (NYSE:APHA) and closed a private share placement drawing in proceeds of C$7.1 million.

According to Aphria, the investment will allow Tetra to ratchet up its drug development activities over the coming months.


Contact Katie Lewis at katie@proactiveinvestors.com

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Mon, 03 Dec 2018 09:57:00 -0500 https://www.proactiveinvestors.com/companies/news/210417/cryptocann-report-statistics-canada-turns-to-toilet-for-cannabis-use-data-netcents-releases-saas-based-platform-210417.html
<![CDATA[Media files - NetCents Technology disrupting cryptoworld and soon to have technology in 60 countries ]]> https://www.proactiveinvestors.com/companies/stocktube/11293/netcents-technology-disrupting-cryptoworld-and-soon-to-have-technology-in-60-countries-11293.html Fri, 23 Nov 2018 12:00:00 -0500 https://www.proactiveinvestors.com/companies/stocktube/11293/netcents-technology-disrupting-cryptoworld-and-soon-to-have-technology-in-60-countries-11293.html <![CDATA[News - NetCents Technology completes cryptocurrency integration with restaurant-focused SoftPoint ]]> https://www.proactiveinvestors.com/companies/news/208863/netcents-technology-completes-cryptocurrency-integration-with-restaurant-focused-softpoint-208863.html Online payments processor NetCents Technology Inc (CSE:NC) has completed its cyrptocurrency integration with SoftPoint LLC, which operates a management and payment system for restaurants, retailers, spas and ticketing.

The integration of NetCents into the SoftPoint platform makes it possible for thousands of merchants to accept cryptocurrency, NetCents said in a press release Tuesday.

READ: NetCents Technology draws nomination for blockchain company of year award

The companies are now working to promote the integration of merchants using SoftPoint as well as others. SoftPoint, based in Scottsdale, Arizona, predicts that it will serve more than 10,000 merchant locations by the end of 2019.

Last month, Vancouver-based NetCents said it entered a joint agreement with cryptocurrency company Verge Currency. Under the agreement, NetCents will be a vendor for Verge, which will promote the NetCents platform through social media and marketing.

Shares of NetCents Technology dropped $0.03 to $1.21 in Thursday’s trading on the Canadian Securities Exchange.

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Tue, 06 Nov 2018 10:28:00 -0500 https://www.proactiveinvestors.com/companies/news/208863/netcents-technology-completes-cryptocurrency-integration-with-restaurant-focused-softpoint-208863.html