NetCents Technology Reports Transaction Volume Exceeding $10,800,000 in First Half of March
Vancouver, British Columbia – March 18, 2021 – NetCents Technology Inc. (CSE: NC) (FSE: 26N) (OTCQB: NTTCF) (“NetCents” or the “Company“), a cryptocurrency payments company, is pleased to announce continued record pace of cryptocurrency transactions within its ecosystem.
The Company has processed over $10,800,000 in transaction volume in the first half of March, increasing over February volume by 61% and surpassing January volume by over 31%. This growth builds on the announced 6.7 million processed in February and 8.2 million processed in January.
“We’re thrilled to continue on our 2021 growth trajectory with another record month of transaction volume with half of the month still to go,” stated Clayton Moore, Founder and CEO of NetCents Technology. “In building successful merchant and partner relationships and providing our customers the tools, services, and expertise that they need, we expect our growth will continue to build throughout 2021 as it has this first calendar quarter.”
The Company attributes this sustained growth rate to a multitude of factors, including expansion from a North American to global merchant base; focus on key merchant growth verticals including B2B, luxury, retail, and gaming; integration into the traditional payments space through technology integrations and partnerships; successful omnichannel; and best-in-class technology platform that allows seamless integration into merchant payment systems.
“NetCents’ strong pipeline and robust offerings signal sustained transaction growth for the foreseeable future,” added Mr. Moore. “Our future growth will come from existing and new merchants as we continuously expand our market share and fueled by product innovation and the rapid increase in the adoption and use of cryptocurrency as a method of payment.”
In the Merchant Gateway, a transaction is when a consumer pays a merchant for both Instant Settlement and Manual Settlement transactions within the gateway. In the NC Exchange, a transaction is the buying or selling of a cryptocurrency with either fiat or cryptocurrency. Transactions do not include the withdraw of fiat or cryptocurrency funds by merchants or the deposit, withdrawal, and transfer of fiat or cryptocurrency for users.
NetCents Technology Inc, 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.
On Behalf of the Board of Directors
NetCents Technology Inc.
Clayton Moore, CEO, Founder and Director
NetCents Technology Inc.
1000 – 1021 West Hastings Street
Vancouver, BC, V6E 0C3
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.