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NetCents Technology Inc
Symbol NC
Shares Issued 44,501,467
Close 2019-01-10 C$ 0.81
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NetCents to beta launch crypto credit card program

2019-01-10 09:56 ET - News Release

Mr. Clayton Moore reports


NetCents Technology Inc. has opened up applications to the beta for its upcoming cryptocurrency credit card program.

The company is finalizing the integration of the credit card program into the user portal and Instant Settlement program. Once complete, the company will have a trial alpha period over the next couple of months. During this time, the company will be accepting applications to be included in this spring's beta period. The company anticipates that the beta will run for four to eight weeks. Upon the successful completion of the beta period, the credit card program will be rolled out to all Canadian users.

The beta program is open to Canadian residents that currently hold Bitcoin, Litecoin, Ether and Bitcoin Cash. Users will need to sign up for a NetCents user account in order to be eligible for the beta program.

People are able to sign up to apply to become part of the beta program on the NetCents website.

Once the program has been fully rolled out in Canada, the company will launch the credit card to European cryptocurrency holders. The NetCents Card will be able to be used anywhere, at over 40 million merchants worldwide where Visa is accepted.

Unlike other prepaid cryptocurrency cards in the market, NetCents cardholders will not have to preload cryptocurrency onto their card, eliminating the risk of the value of the cryptocurrency fluctuating between the time the user loads it and the time they spend it. The NetCents card will be tied directly into users' NetCents wallets, allowing cardholders to directly spend the cryptocurrency in their wallet. Users will be able to select up to three cryptocurrencies that they would like to be able to spend on their card. The NetCents card will be integrated into the NetCents mobile application and have chip, pin, mag stripe and NFC functionality.

The company will be adapting its merchant Instant Settlement technology to convert the funds from cryptocurrency to fiat for real-time consumer purchasing and merchant payouts. Allowing users to spend their cryptocurrency anywhere Visa is accepted.

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 and exchanges to streamline the user experience of transacting on-line.

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