16:35:54 EST Thu 26 Nov 2020
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NetCents Technology Inc
Symbol NC
Shares Issued 80,549,396
Close 2020-11-03 C$ 0.97
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NetCents lets users buy crypto with credit card

2020-11-03 06:39 ET - News Release

Mr. Clayton Moore reports


NetCents Technology Inc. is adding the ability for NetCents users to purchase cryptocurrency via credit card on the NC Exchange.

There are a limited number of platforms that are approved by the card companies for purchasing crypto; that NetCents is now approved is a testament to the safety that is inherent in the NetCents platform.

Benefits include:

  • A new way for users to be able to load funds into their NetCents wallet, making it easier for users to purchase cryptocurrency;
  • Will provide NetCents users with fast and easy access to cryptocurrency, in the most secure way possible;
  • Contactless payments are facilitated through this process;
  • Users can now load their NetCents account and enjoy the potential upside of their crypto that they purchase while still having access to the value as a payment method.

The cryptocurrency industry is still in its early stages and most of the world's money is still in traditional currency (also called fiat), which is the reason why fiat gateways are important for the growth of the ecosystem. By accepting credit card payments for crypto, NetCents is supporting broader use and accessibility of cryptocurrency worldwide.

NetCents has added this feature to its platform partially due to requests from multiple merchants that have difficulty accepting credit cards at their business. This solution will allow businesses that do not accept credit cards, a viable contactless, digital transaction. It is expected that these merchants can drive all of their customers to sign up for a NetCents wallet to complete their purchases.

Deutsche Bank in its research piece on payments stated: "Digital wallets can allow businesses to better know, interact with, and personalize products for their customers. Personalization enables companies to stand out in the field and gain market share. This is particularly the case with millennials who surveys show see smaller, custom brands as offering better quality products. Looking forward to 2025, we expect e-wallets to be the second-most-preferred method of payments after cards and the most preferred method among millennials."

NetCents management believes that this addition to its capabilities helps keep it at the forefront of the digital payments space. It looks forward to reporting additional developments soon.

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. NetCents Technology is registered as a money services business (MSB) with Financial Transactions and Reports Analysis Centre of Canada.

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