NetCents Technology Inc (CSE:NC) (OTCMKTS:NTTCF), the cryptocurrency payments specialist, revealed Monday that experienced executive Pat Albright has been appointed as its senior vice president of strategic development to continue the company's current success.
Albright was previously marketing and business senior vice president at Moneris Solutions - the largest payment processor in Canada - dealing with 3 billion transactions per year. He has worked with early-stage groups and Fortune 250 firms.
"I am absolutely thrilled to be joining the team here at NetCents," Albright said in a statement.
"I always say you are lucky to 'capture lightning in a bottle' once in a lifetime in business. With NetCents, I am working with a top-tier team that has caught that lightning and am looking forward to leveraging my network and years of payment experience to help accelerate NetCents' growth trajectory."
Clayton Moore, CEO of NetCents added: "We are now managing the development and growth of many revenue streams, and they each deserve significant attention as they are all massive opportunities, we are focused on being pro-active on these business lines and not reactive, and Mr. Albright will bring the rigor and experience we need to foresee any growth and scaling issues caused by a rapidly expanding user base across many business verticals. I look forward to working with him."
Earlier this month, the firm said it had enhanced its software to allow for recurring billing, opening up a C$200 billion opportunity for the group. It has also told investors it has revised its projections upwards for cryptocurrency adoption inspired by a World Health Organization (WHO) recommendation for contactless payments.
On Friday last week, it said it had completed the technical integration of the NetCents Cryptocurrency credit card.
Shares advanced 3.7% in Toronto early deals to C$ 0.55.
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