22:58:42 EDT Tue 19 Oct 2021
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NetCents Technology Inc
Symbol NC
Shares Issued 33,897,485
Close 2017-10-31 C$ 0.60
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NetCents launches cryptocurrency exchange

2017-10-31 14:38 ET - News Release

Mr. Clayton Moore reports


NetCents Technology Inc. has introduced its proprietary NetCents Cryptocurrency Exchange for the NetCents Coin (NCCO).

NetCents is a payment-processing company whose focus is on streamlining cryptocurrency purchasing for both users and merchants. The NC Exchange is a separate distinct entity apart from NetCents and will act independently from NetCents Technology, but within the NetCents ecosystem. The NC Exchange runs entirely on 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 chief executive officer, 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He concluded by saying, "The financial blockchain race to update an outdated financial system is underway and NetCents is well positioned with our banking partners to play a significant role in this transformation and in tomorrow's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 will 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.

About NetCents Technology Inc.

NetCents is a next-generation on-line payment processing platform, offering consumers and merchants on-line 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 and others to streamline the user experience of transacting on-line.

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