(FinancialPress) — It’s been quite the year for cryptocurrency and blockchain. We’ve gone from massive growth and speculation to a market correction and have now entered into a strong, steady growth phase with the emergence of companies that are building the industry’s foundation for future growth. These companies have a solid business and growth plan, a strong go to market strategy, products that differentiate themselves from competitors, and technology that disrupts.  

Not only are we seeing newer companies and innovative startups emerge solving big problems using blockchain, but the growth in the space has attracted major companies like Softbank and IBM’s Watson, blue chip brands such as SAP (SAP:NYSE), BP (BP:NYSE), Samsung, and shipping giant, Maersk, who are now exploring ways to apply decentralized ledger systems and new blockchain technologies to their operations.  

One stand out company that has continued to push the boundaries of innovation, and who has emerged as one of the leaders in this space is NetCents Technologies. NetCents (NC:CSE) is a blockchain and cryptocurrency company that has developed a universal transactional hub for cryptocurrency payments. The platform equips merchants, ISO’s, and payment technology companies with a platform to integrate cryptocurrency payments into their business, accept with zero risk, and empower consumers to spend their currency easily.

The NetCents platform has eliminated the risk and volatility associated with accepting cryptocurrency payments, allowing merchants to be indifferent to the form of payment received. They are now showing signs of becoming an underlying technology layer for other processors and companies wanting to offer these services to their clients, and have proved themselves to be a pioneer in this space as one of the first companies in Canada.

In the past couple of months alone, they have made significant strides rolling out multiple enhancements to their platform and agreements:

•    Signed a merchant agreement with MindGeek, one of the largest video streaming companies in the world
•    Announced the launch of their cryptocurrency credit card. Unlike all other cards on the market, prepaid crypto credit cards, theirs will be tied directly into the users wallets, allowing them to spend their cryptocurrency at 40 million merchants worldwide, without having to worry about the value of their crypto fluctuating between the time the user loads it and the time that they spend it.
•    Launched a merchant marketing campaign to over 1 million merchants worldwide
•    Added Bitcoin Cash, Verge, Tron, Nem, and Horizon to their merchant gateway
•    Signed an agreement with SoftPoint. Through this integration, NetCents is now integrated into some of the largest POS and terminal systems: Clover, PAX, Poynt, Ingenico, ExaDigm, Micros, NCR, Squirrel, and Dinnerware to name a few.
•    Entered into a white-label enterprise agreement with High Risk Commerce. High Risk Commerce will be promoting the NetCents merchant gateway to their hundreds of ISO’s and over 10,000 merchants.

With these large contracts signed, new integrations, and platform enhancements, NetCents is a company that has been able to differentiate themselves, build and grow a strong platform and client base, which has them as one of Canada’s stand outs, and which hasn’t gone unnoticed by some of the biggest players in the tech community in the country.

Just this week, they announced that they had been nominated as Blockchain Company of the Year at the Canadian FinTech & AI Awards, showing that key industry players are taking note of what they have accomplished in a short period of time. Keep your eyes on this one.

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(FinancialPress) — NetCents Technology Inc. (“NetCents” or the “Company“) (CSE: NC/ Frankfurt: 26N), is honoured to be recognized by the Digital Finance Institute as a nominee for Blockchain Company of the Year at the 4^thAnnual Canadian FinTech & AI Awards.

(FinancialPress) — Ride-hailing service provider Uber has reached an agreement to settle a 2016 data breach case. It will have to pay $148 million to close the investigation, after it was accused of intentionally hiding the event.

The settlement – the largest of its kind in recorded history – will be divided up among the 50 states that levied the case through their attorney generals, and Washington DC, said the NY attorney general.

In a press conference, New York attorney general Barbara D. Underwood commented on the settlement: “This record settlement should send a clear message: we have zero tolerance for those who skirt the law and leave consumer and employee information vulnerable to exploitation“. Her state will receive approximately $5.1 million of the payout.

A blog post published by Uber chief legal officer Tony West reads as follows: “Our current management team’s decision to disclose the incident was not only the right thing to do, it embodies the principles by which we are running our business today: transparency, integrity, and accountability. We’ll continue to invest in protections to keep our customers and their data safe and secure, and we’re committed to maintaining a constructive and collaborative relationship with governments around the world.”