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NetCents Technology Inc
Symbol NC
Shares Issued 47,854,748
Close 2019-09-26 C$ 0.495
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NetCents uses institutional entities for liquidity

2019-09-27 09:39 ET - News Release

Mr. Clayton Moore reports


With focus on expanding the processing volumes of cryptocurrency transactions, NetCents Technology Inc. set a new benchmark by forming relationships with additional liquidity sources.

To supplement already established cryptocurrency exchange networks and reduce the need for large floats to finance instant settlements, NetCents was relentless in dissecting the entire conversion and settlement process to reduce the counterparty risk of working with exchanges and significant capital requirements.

"Working with multiple institutional partners to provide managed funds allows us to process unlimited transactions with fewer capital restraints," said Clayton Moore, founder and chief executive officer of NetCents Technology. "We are now able to continue to scale our processing without the large floats that were previously required -- it's a game changer."

With competitors forced to limit a merchant's ability to scale their cryptocurrency payments, many began looking for options.

"We have seen an increase in merchants abandoning their service providers to convert to our platform," added Mr. Moore. "By streamlining the entire process to the benefit of our merchants, we've also reduced our capital outlays and counter party risk while substantially increasing our capacity."

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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