A really MONUMENTAL shift is underway, as companies and retailers world wide transition in direction of a totally digitized financial system.

In the USA alone, the funds market of business-to-business (B2B) transactions is at present price $22 TRILLION.[1]

To streamline this and different types of digital transactions, there may be an more and more loud name for acceptance of a rising variety of currencies, together with Bitcoin and different digital currencies.

Whereas many conventional fee processors akin to Visa, MasterCard, PayPal and others proceed to innovate, they’re all working on a paradigm that solely consists of fiat forex.

There’s ONE firm making a severe push to be THE international fee rails of ALL digital currencies (like Bitcoin and Etherium): NetCents Expertise Inc. (CSE:NC) (OTCQB:NTTCF)

At the moment 6% of Small and Medium on-line companies already settle for funds in digital currencies within the US. Worldwide and 7% of the worldwide inhabitants already personal digital currencies.[2]

Now with the appearance of a Bitcoin rival popping out of China and Fb’s announcement of its Libra coin, they may drastically improve that share very quickly. With every extra share level that these figures develop, billions of {dollars} of digital-currency shopping for energy enters the market.

Nonetheless, earlier than this revolution can occur… somebody MUST present the infrastructure to facilitate it—with the immense reward of capitalizing on EVERY transaction that takes place inside its system.

That somebody is NetCents Expertise Inc. (CSE:NC) (OTCQB:NTTCF).  This under-the-radar firm could also be making the strongest case available in the market to grow to be that platform.

THE MAJOR PAYMENTS SCENE

NetCents Expertise Inc. (CSE:NC) (OTCQB:NTTCF) already providers 57 international locations in 38 fiat currencies, with entry to over 5 million retailers. The corporate is poised for a MAJOR enhance with each new outlet that accepts transactions in Bitcoin and different main digital currencies.

In 2017, $190.2 million per 30 days was spent on retail purchases utilizing Bitcoin.

Provided that notable family names akin to Expedia, Microsoft, Overstock, Subway (Starbucks) and Wikipedia already settle for Bitcoin[3], it’s solely a matter of time for international giants like Amazon and Apple get on board as properly.

What we’re witnessing is an evolution of cash, which began way back by way of valuable metals, then to metals-backed currencies, to immediately’s fiat currencies, to bank cards, to the present middleman step of cell funds, to what we imagine is the logical subsequent step… DIGITAL CURRENCIES.

Conventional fee processors akin to Mastercard and Visa have already proven a willingness to think about Bitcoin and different types of digital cash. Internally, Mastercard has just lately begun growing its personal staff to develop digital forex and pockets tasks[4]. Visa alternatively has made a number of investments into the area[5], whereas permitting cryptocurrency trade Coinbase to develop its Visa debit card service to 6 European international locations as a way to permit them to spend their digital property[6].

Whereas nonetheless in beta improvement, NetCents Expertise Inc. (CSE:NC) (OTCQB:NTTCF) has its personal proprietary digital forex bank card anticipated to come back out later this yr. Not like Sq., NetCents has eradicated the method and challenges of growing its personal {hardware} by integrating its product with current {hardware} producers.

As Sq.’s CEO Jack Dorsey has very publicly proven his help for Bitcoin, the NetCents platform is able to processing funds from a bigger number of fashionable digital currencies, together with Ethereum, Litecoin and Bitcoin Money.

Holders of Bitcoin who need to spend their forex in a quick, sincere, and safe method have a solution already accessible to them: NetCents Expertise Inc. (CSE:NC) (OTCQB:NTTCF)

In 2019, NetCents signed 35 new partnerships/agreements and have built-in with over 1,000   retailers instantly. By their ISOs and companions NetCents has direct entry into over 5 million retailers worldwide, and helps all main fiat currencies in 57 international locations worldwide.

Because it grows its international footprint, NetCents has an opportunity at making inroads into main markets, akin to China, which is already growing its personal digital forex counter to Bitcoin, and has pushed revenues sky excessive for teams akin to Alibaba and TenCent Holdings, and their apps Ali Chat and WeChat respectively.

NetCents’ personal app might be included into many various platforms, as probably one of the crucial versatile digital forex fee applications ever developed.

Bridging Digital Foreign money Acceptance Towards Service provider Accounts

Earlier than mainstream shoppers can correctly take part in digital forex transactions, buy-in should start on the enterprise degree—on the Level of Sale (POS), by way of both a bodily terminal, or a web-based fee gateway.

INTEGRATION is the secret… and it’s by way of the elimination of chargebacks which will get them there.

NetCents Expertise Inc. (CSE:NC) (OTCQB:NTTCF) has already secured a head begin, going in spite of everything ranges of the normal funds infrastructure by partnering and signing offers with  Unbiased Gross sales Organizations (ISOs), terminal {hardware} producers, POS platforms, E-Comm integrations, Gateway’s and others and it’s so far paying off. They’ve built-in with 7 of the highest 10 used POS terminal {hardware} suppliers on the earth, together with:

  • PAX
  • Exadigm
  • Clover
  • Exadigm
  • Ingenico
  • Verifone
  • POYNT
  • NEXGO

Massive companies are good. They know they’ll’t keep away from digital forex transactions without end, which is why we’re seeing majors akin to Amazon-owned Complete Meals, Starbucks, and Nordstrom now accepting funds in Bitcoin, Ethereum, Bitcoin Money and the Gemini greenback.[7]

Microsoft is already accepting crypto for consumer accounts within the leisure and gaming enterprise. Even NBA basketball groups are beginning to permit followers to purchase tickets with Bitcoin[8].

Partly, a few of these organizations are accepting digital forex transactions, as a result of in some ways they’re even safer than conventional bank cards.

E-commerce fraud is inflicting main friction between on-line retailers and bank card firms, because it’s been rising at twice the speed that e-commerce itself has.[9]

Retailers are anticipated to lose $130 billion from fraud and chargebacks by 2023.[10]

NetCents Expertise Inc. (CSE:NC) (OTCQB:NTTCF) has addressed this subject, whereas constructing infrastructure sometime able to turning into the underlying pathway for every type of digital forex transactions—whether or not by way of white labeling with companions, or below its personal NetCents app and platform. Their system is totally agnostic to wallets, gateways, processors or customers selection in suppliers or exchanges. Their system works with all of it.

Because of its platform, NetCents drastically reduces the danger of fraud and chargebacks, whereas being totally agnostic and able to integrating the ewallets of any associate that joins it.

NetCents Expertise Inc. (CSE:NC) (OTCQB:NTTCF) has already secured entry to over 5 million retailers in 57 international locations, and is processing funds in 38 native fiat currencies.

“We proceed to maneuver different fee options mainstream by way of the event of the required fee settlement infrastructures. By eliminating the volatility of cryptocurrencies for retailers, NetCents has launched a easy, secure, price efficient different fee answer into the estimated $30 – $40 trillion annual international fee market place[11].”

– Clayton Moore, CEO of NetCents Expertise

A Sea of Alternative

Given its flexibility and safety, NetCents is rising from its friends to have what’s being purported to be banking grade potential.

Because the FIRST public pure play firm within the area, NetCents (CSE:NC) (OTCQB:NTTCF) has additionally already gone by way of the auditing section—a feat NO OTHER crypto/blockchain firm within the area has been in a position to do.

This feat is completely distinctive. Most firms working within the area may by no means cross an audit, as most of their programs, order books, accounting or in any other case have by no means been constructed or set as much as cross banking degree auditing requirements, and so there’s little or no transparency or validation of any of the numbers provided by firms within the area.

Buyers ought to really feel very snug and assured that, as NetCents Expertise Inc. (CSE:NC) (OTCQB:NTTCF) is among the world’s solely digital forex firms that does maintain themselves to this normal. This consolation comes from its publicly-traded standing, that the corporate should yearly undergo to take care of that degree of compliance.

On prime of normal audits, this yr NetCents additionally needed to undergo a secondary degree of intense auditing and scrutiny from CPAP, Canada’s governing physique that audits the auditors based mostly on new requirements and tougher guidelines for blockchain and crypto firms.

Having efficiently gone by way of the appropriate hoops of compliance, and gaining access to wider quantities of funding by way of its publicly-traded standing, which means the corporate is primed and prepared for a probably infinite provide of merger and partnership alternatives. Taking over different firms and applied sciences, and bringing them below the NetCents Expertise Inc. (CSE:NC) (OTCQB:NTTCF) umbrella is properly throughout the realm of chance. As properly, one other bigger entity could look to the NetCents platform as a turnkey alternative to enter the digital forex area by way of acquisition as properly.

By their ISO gross sales companions, NetCents Expertise Inc. (CSE:NC) (OTCQB:NTTCF) has already retained entry to an efficient gross sales power of 1,000’s of Gross sales Brokers, at no direct price to the corporate. To-date they’ve signed and on-boarded greater than 35 companions, main right into a income stage for the corporate.

As a way to safe widespread mainstream adoption, getting new partnerships throughout the conventional fee area is KEY.

This has led to the corporate signing agreements with ISOs, fee gateways, terminals, POS programs, and so on.—together with a serious deal for terminal integration with international fee chief PAX World Expertise who’ve bought over 26-million terminals, worldwide, again in January.[12]

“We’re happy to be built-in with one of many prime POS terminal suppliers enabling retailers within the card current area to simply settle for cryptocurrency as a fee technique,”

– CEO Clayton Moore, upon the completion of the mixing.

Why Would Retailers Use NetCents?

Retailers need to know that their transactions are secure, and that they’ll be paid out of their native forex in an inexpensive period of time.

NetCents Expertise Inc. (CSE:NC) (OTCQB:NTTCF) equips forward-thinking retailers with the flexibility to just accept digital forex funds, whereas solely internally coping with fiat currencies.

By their system, digital forex funds would work identical to accepting some other international forex at a POS.

NetCents removes ALL of the liquidity and volatility points that may be related to digital forex transactions, by guaranteeing the sale worth for the service provider in real-time, paying out in native fiat forex—all with a possible financial savings on EACH transaction.

The NetCents rail gives retailers with a low transaction payment (with financial savings between 3-9%).

Whereas NetCents immediately permits retailers to just accept fee in the principle four cryptocurrencies (Bitcoin, Bitcoin Money, Litecoin, Ethereum), making it easy and handy for retailers so as to add an entire new income stream.

Retailers grow to be in a position to settle for funds indifferently, whether or not the funds come from fiat forex, bank cards, or digital currencies. The system is totally agnostic in direction of the eWallet of the consumer, or the digital forex in use.

How Safe is Receiving Funds By NetCents?

The NetCents platform is solely proprietary, having been constructed in-house. Retailers can take coronary heart in its means to drastically scale back the danger of fraud and remove chargebacks.

On behalf of all events concerned, the platform runs chance evaluation to guarantee that every little thing will undergo, that the fee is coming from a great supply, and so on.

Upon the completion of the verification, NetCents then ensures the service provider fee of their native fiat forex. Funds are made twice per week.

NetCents helps purchasers in each the retail and on-line environments, the platform fulfills the required KYC (know your buyer), AML (anti-money laundering) verifications—guaranteeing retailers are protected.

Uptick in Digital Foreign money Use Driving Cash Evolution

We’re seeing an increasing number of shoppers eager to pay this fashion. The newest digital forex research by Cambridge College witnessed a substantial rise of 94% extra digital forex customers between 2017 and 2018.[13]

What NetCents has discovered with their retailers is that their inclusion doesn’t appear to cannibalize their current gross sales. As an alternative, it enhances them, and turns into a brand new income stream.

So, relying on the service provider—so long as they inform those that they’re accepting digital currencies—they’ll probably anticipate to get a pleasant bump or elevate of their gross sales.

There at present is a requirement from holders of digital currencies to have the ability to spend them, and in flip many fee apps are turning to embracing and enhancing their choices with digital currencies in thoughts[14].

Skilled Fintech and Funds Management

The NetCents Expertise Inc. (CSE:NC) (OTCQB:NTTCF) staff liable for constructing out this revolutionary platform consists of an array of fee tech builders and income specialists, bringing many mixed a long time of expertise in constructing and financing fee platform startups.

Business-leading funds sector entrepreneur Clayton Moore is the corporate’s CEO and Founder. Key figures within the on-line gaming trade have sought Moore’s expertise, enlisting his experience to develop fee platform options for among the world’s largest poker websites. He at present consults with Fortune 500 firms on their integration and fee wants, together with one of many largest resorts and casinos on the earth, MGM Resorts Worldwide. Moore started his profession in 2003 with the founding of present card fee platform, Cybux. Upon efficiently promoting the enterprise in 2006, Moore based what’s now NetCents.

President and Chief Working Officer, Gord Jessop, brings over 25 years of administration and entrepreneurial expertise, that’s included: financial evaluation; threat evaluation; mission financing; web income modelling; and interactive web site design. Whereas holding senior administration positions with main Canadian lending establishments and GE Capital Insurance coverage, Jessop developed enterprise/income fashions for a wide range of firms and enterprise ventures in industries akin to: Vitality Expertise, Retail Grocery, E-commerce, Tv and Training.

Chief Income Officer and Director, Jenn Lowther, brings the corporate over 12 years of award-winning expertise in company and marketing campaign technique tied to prime North American companies. Her position with the corporate is to conceptualize and handle modern methods and campaigns to drive associate acquisition, income, consumer progress, and model consciousness for NetCents. Her work has benefitted a spread of purchasers from native brick and mortar companies to main Fortune 500 purchasers.

Serial entrepreneur Chief Expertise Officer, Mehdi Mehrtash brings greater than a decade of publicity to the digital currencies and blockchain area, and 20+ years of IT expertise with a various discipline of firms that features Fortune 50 firms. In 2000, he based the IT answer providers company, Globalsys, and later in 2004 co-founded advertising and marketing and merchandising company Persel Media. Starting his give attention to blockchain and digital currencies in 2008, Mehrtash holds a deep understanding of them and their associated tech.

BONUS: Potential Rollout of Proprietary Credit score Card Program

Although nonetheless in its beta testing section, NetCents Expertise Inc. (CSE:NC) (OTCQB:NTTCF) is within the strategy of rolling out its personal bank card program—the NetCents Card.

The cardboard pulls instantly from the consumer’s NetCents pockets, doubtlessly utilizing the VISA platform that may open its use to over 40 million retailers worldwide.

That is the corporate’s subsequent ongoing main step, and administration has expressed a purpose to finish the rollout into Canada, with plans so as to add the US and Europe in 2020.

Placing all this collectively, NetCents Expertise Inc. (CSE:NC) (OTCQB:NTTCF) not solely has the service provider entrance coated, but in addition brings a wholesome and helpful consumer ecosystem that’s ripe for widespread adoption.

RAPID FIRE RECAP

  1. NetCents Expertise Inc. (CSE:NC) (OTCQB:NTTCF) is a number one digital currencies funds processor
  2. Their goal is to grow to be the international digital currencies funds rail, becoming a member of the ranks of acceptance of such names as Visa, Mastercard and PayPal
  3. Solely proprietary, in-house constructed platform is primed for potential main partnerships
  4. Already secured integration inside 7 of the highest 10 POS terminals worldwide
  5. Signed on and on-boarded greater than 35 companions thus far
  6. At the moment accessible in 57 international locations and dealing in 38 native fiat currencies
  7. KYC and AML compliant assuring legality for retailers and their banks
  8. Gives retailers with financial savings on transactions of between 3-9% and better safety by way of drastic discount of fraud and the elimination of chargebacks
  9. Gearing up for the income stage in 2019
  10. Set to achieve entry to 40 million retailers worldwide with 2019 NetCents Card rollout
  11. The ONLY totally audited and verified Crypto/Blockchain firm within the area with banking grade safety.

 

Please See Disclaimer

[1]https://www.businessinsider.com/the-accounts-payable-automation-report-2019-8
[2]https://www.paysafe.com/fileadmin/user_upload/Paysafe_Lost_in_Transaction_2018_SMBs_report.pdf
[3]https://99bitcoins.com/bitcoin/who-accepts/
[4]https://www.coindesk.com/mastercard-is-building-a-team-to-develop-crypto-wallet-projects
[5]https://cointelegraph.com/news/visa-makes-its-second-investment-into-a-crypto-startup
[6]https://www.coindesk.com/coinbase-expands-cryptocurrency-visa-debit-cards-across-europe
[7]https://www.independent.co.uk/life-style/gadgets-and-tech/news/bitcoin-stores-spend-where-starbucks-whole-foods-crypto-a8913366.html
[8]https://www.coinspeaker.com/mark-cuban-mavericks-bitcoin/
[9]https://www.digitalcommerce360.com/2018/04/24/e-commerce-fraud-rose-nearly-twice-as-fast-as-e-commerce-sales/
[10]https://www.businesswire.com/news/home/20190102005011/en
[11]http://www.valuewalk.com/wp-content/uploads/2017/05/Payments-Industry-SLIDE-DECK-05.12.2017.pdf
[12]https://news.net-cents.com/2019/01/30/netcents-technology-completes-direct-pax-global-technology-ltd-terminal-integration/
[13]https://www.jbs.cam.ac.uk/fileadmin/user_upload/research/centres/alternative-finance/downloads/2018-12-ccaf-2nd-global-cryptoasset-benchmarking.pdf
[14]https://www.forbes.com/sites/darrynpollock/2018/11/20/the-future-of-payments-is-here-how-can-crypto-play-its-part/#18f96c42dc3b

 



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