The Vancouver-based digital funds specialist has signed-up Agape International Providers Inc which presents premium bank card processing providers
The Vancouver-based digital funds specialist has signed-up Agape International Providers Inc which presents premium bank card processing providers
Expertise Inc () (OTCMKTS:NTTCF) mentioned Wednesday that it had signed-up its 50th partnership settlement with Agape International Providers Inc, which presents premium bank card processing providers.
Vancouver-based NetCents, which presents merchandise that enable companies to just accept immediate cryptocurrency funds, mentioned the milestone validated its enterprise mannequin.
The digital funds specialist’s blockchain platform permits companies to seamlessly combine cryptocurrency processing into their cost mannequin with out taking over the chance or volatility of the crypto market.
READ: NetCents Technology reports increasing processing volume
In a press release, NetCents Expertise CEO Clayton Moore mentioned: “The 50th settlement signifies that our companions who’re a mixture of impartial gross sales organizations, processors and gateways mix to provide NetCents a attain to roughly 7 million retailers, who course of over a billion {dollars} yearly within the conventional processing house. That’s an accomplishment.”
The NetCents Expertise boss mentioned each service provider onboarding and processing quantity have now steadily elevated.
Platform beneficial properties traction
The corporate mentioned its processing quantity in October was 12% better than the month earlier than and seven.6 occasions better than in February.
NetCents mentioned this progress indicators continued rising demand from each retailers and customers for cryptocurrency funds as the corporate has now processed thousands and thousands of {dollars} in cryptocurrency transactions.
“The corporate feels very strongly that by persevering with to observe this path, it’s going to proceed to change into the underlying know-how for crypto-currency funds akin to the Automated Clearing Home (ACH),” mentioned Moore.
The ACH digital community for monetary transactions facilitates bank-to-bank funds, credit score and debit transactions in North America.
“Final yr, the ACH Community processed $23 billion in funds. The worth of ACH funds final yr was $51.2 trillion,” added Moore.
Delivering on a twofold technique
The corporate mentioned its focus over the previous 24 months has been two-pronged. Firstly, it was to design, develop and construct out the technical infrastructure to permit crypto-based funds to change into mainstream. The corporate mentioned it launched over 12 totally different vital upgrades and enhancements to the NetCents platform.
Secondly, the corporate centered on imbedding itself into the standard cost house by making the processing know-how simpler and cheaper for retailers to implement and use whereas concurrently making it easier for customers to make use of.
NetCents is a next-generation on-line cost processing platform, providing customers and retailers on-line providers for managing digital funds. The corporate is concentrated on capturing the migration from money to digital forex through the use of blockchain know-how to supply cost options which are easy to make use of and safe.
Contact Uttara Choudhury at [email protected]
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