in , , ,

NetCents Technology, Disrupting the Payments Industry

(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.

Disclaimer:

This content is the view of the author and should not be considered a solicitation to buy or sell stock. Always consult an investment advisor before making any trading decisions. A fee has been paid for the creation and distribution of this content. FinancialPress.com is operated by Stock Social Inc. and owners of which may directly or indirectly own securities in the profiled companies in this article. This presents a potential conflict of interest by the author(s) and information should be considered biased. We do not make claims to any accuracy of the statements within. Always do your own due diligence and consult a registered advisor when making any trading decision. FinancialPress.com does not recommend that the securities profiled should be purchased, sold or held and is not liable for any investment decisions by its readers or subscribers. Information presented by FinancialPress.com may contain “forward-looking statements ” within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Any statements that express or involve discussions with respect to predictions, expectations, beliefs, plans, projections, objectives, goals, assumptions, or future events or performance, are not statements of historical fact and may be “forward-looking statements.” Forward-looking statements are based on expectations, estimates and projections at the time the statements are made that involve a number of risks and uncertainties which could cause actual results or events to differ materially from those presently anticipated. Forward-looking statements may be identified through the use of words such as “expects, ” “will, ” “anticipates,” “estimates,” “believes,” “may,” or by statements indicating that certain actions “may,” “could,” or “might” occur.

 

What do you think?

0 points
Upvote Downvote

NetCents Technology Nominated as Blockchain Company of the Year

Global Blockchain Completes $49.6 Million Acquisition of X2 Game