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NetCents Technology Inc
Symbol NC
Shares Issued 44,846,979
Close 2019-03-06 C$ 1.23
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NetCents begins offering crypto banking stack

2019-03-07 07:46 ET - News Release

Mr. Clayton Moore reports

NETCENTS TECHNOLOGY LAUNCHES CRYPTO BANKING STACK, ENABLING FINANCIAL INSTITUTIONS TO OFFER CRYPTOCURRENCY SERVICES

NetCents Technology Inc. has launched its crypto banking stack (CBS), which are the rails that facilitate cryptocurrency accounts, transactions and functionality into existing platforms for banks, financial institutions and money service businesses (collectively FIs).

The company's crypto banking stack will enable financial institutions to use their existing hardware and software to offer their clients access to a fully integrated cryptocurrency processing and transaction solution. The implementation will require only minor modifications to their legacy systems eliminating the need to develop and maintain their own in-house proprietary cryptocurrency processing technology. This allows for a low-cost crypto ready processing solution to be quickly implemented without the requirement for an extended and costly development cycle.

Once integrated through the CBS API, financial institutions will be able to offer their customers crypto banking services accessible via their current on-line bank profile. The crypto bank accounts will have the same functionality as standard chequing and savings accounts. This includes the ability to add various crypto accounts/wallets, transfer, deposit, withdraw, make a payment, view transactions; and the ability to link their crypto bank account to their existing debit cards.

The crypto banking stack will have the ability to provide account holders with the ability to convert and move balances between their crypto and fiat bank accounts. The cryptocurrencies which will be initially supported through the CBS are bitcoin, Ether, bitcoin cash and Litecoin.

About NetCents Technology Inc.

NetCents Technology, the transactional hub for all cryptocurrency payments, equips forward-thinking businesses with the technology to seamlessly integrate cryptocurrency processing into their payment model without taking on the risk or volatility of the crypto market.

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