VANCOUVER, B.C., September 27, 2019 – NetCents Technology Inc. (CSE:NC) (OTCQB:NTTCF) (Frankfurt: 26N) (“NetCents” or the “Company”). With the focus on expanding the processing volumes of cryptocurrency transactions, NetCents Technology 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 fund 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 CEO 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 counterparty risk while substantially increasing our capacity.”
NetCents Technology Inc. (CSE:NC) (OTCQB:NTTCF) (Frankfurt: 26N), 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 FINTRAC.
For more information, please visit the corporate website at www.net-cents.com or contact Investor Relations at [email protected]
Cautionary Note Regarding Forward-Looking Information
This release includes certain statements that may be deemed “forward-looking statements”. All statements in this release, other than statements of historical facts, that address events or developments that the Company expects to occur, are forward-looking statements. Forward-looking statements are statements that are not historical facts and are generally, but not always, identified by the words “expects”, “plans”, “anticipates”, “believes”, “intends”, “estimates”, “projects”, “potential” and similar expressions, or that events or conditions “will”, “would”, “may”, “could” or “should” occur. Although the Company believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results may differ materially from those in the forward-looking statements. Factors that could cause the actual results to differ materially from those in forward-looking statements include regulatory actions, market prices, and continued availability of capital and financing, and general economic, market or business conditions. Investors are cautioned that any such statements are not guarantees of future performance and actual results or developments may differ materially from those projected in the forward-looking statements. Forward-looking statements are based on the beliefs, estimates, and opinions of the Company’s management on the date the statements are made. Except as required by applicable securities laws, the Company undertakes no obligation to update these forward-looking statements in the event that management’s beliefs, estimates or opinions, or other factors, should change.