NetCents Partners with European Powerhouse Bitstamp
VANCOUVER, B.C., July 5, 2016 – NetCents Technology Inc. (“NetCents” or the “Company”) (CSE: NC) is proud to announce its newest partnership with Bitstamp Ltd., Europe’s largest Bitcoin exchange and one of the world’s leading industry players. This initiative opens up our platform for our users, provides even more access to digital currencies, and moves us into the European market.
“We are extremely excited about this integration with European powerhouse, Bitstamp. This is another important milestone in our ongoing global expansion and a key part of our business development strategy in broadening our services with leading blockchain groups,” commented Clayton Moore, CEO & Founder. “NetCents will leverage this relationship to continue growing our digital currency options. We are committed to solidifying a robust, worldwide digital assets ecosystem that is secure, transparent, and regulated.”
Bitstamp recently obtained a Payment Institution License in Luxembourg, which will legally allow them to operate as a financial platform in the European Union. Consisting of 28 countries, Bitstamp is the only licensed and regulated exchange in Europe. This partnership will yield several industry initiatives for the Company, further expanding its services and user base.
“Our team has made exponential progress building our high performance platform. We expect to grow substantially this year and look forward to continually adding new and innovative services as we do so,” commented Gord Jessop, President & COO. “We have a number of exciting initiatives that will be launched this quarter as we are build our platform and team to scale with our users. This integration is expected to derive revenue in line with its projections and business model, and our team is excited on collaborating with Bitstamp to accelerate both of our growth strategies.”
Bitstamp is a European Union (Luxembourg) based bitcoin marketplace. It allows people from all around the world to safely buy and sell Bitcoins. As of 2016, Bitstamp was the world’s second largest exchange by volume. Bitstamp allows trading between USD, EUR currency and bitcoin, and acts as a gateway for the Ripple payment protocol.
In 2016, the Luxembourg government granted Bitstamp a license as a fully regulated Payment Institution. The license is usable around the 28 member states of the EU.
NetCents is an online payments platform, offering consumers and merchants online services for managing electronic payments. The Company is focused on capturing the migration from cash to digital currency by utilizing innovative Blockchain Technology to provide payment solutions that are simple to use, secure and worry free. NetCents works with its financial partners, mobile operators, exchanges, etc., to streamline the user experience of transacting online. NetCents technology is integrated into the Automated Clearing House (“ACH”), which ensures our consumer’s security and privacy. This agreement allows the Company to expand its reach throughout the European Union and its 28 countries, enhancing the users online experience, granting them the freedom and convenience to Pay. Your Way.™
For the latest information on Blockchain, Bitcoin or Fintech we urge our readers to visit our Blog on our website (www.netcents.biz) or visit industry websites such as CoinDesk (www.coindesk.com) a world leader in news, prices and information on bitcoin and other digital currencies.
Further information about the Company it is available under its profile on the SEDAR website,www.sedar.com, on the CSE website www.thecse.com, on our website www.netcents.biz or contact Robert Meister, Capital Markets at Ph: 604.676.5248 or email: Robert.email@example.com.
On Behalf of the Board of Directors
NetCents Technology Inc.
Clayton Moore, CEO & Founder
NetCents Technology Inc.
Suite 1500, 885 West Georgia Street
Vancouver, British Columbia V6C 3E8
The Canadian Securities Exchange has neither approved nor disapproved of the contents of this press release. Neither the Canadian Securities Exchange nor its Regulation Services Provider (as that term is defined in the policies of the Canadian Securities Exchange) accepts responsibility for the adequacy or accuracy of this release.
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.