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June 2005

Libra Association Sets Up Five Member Oversight Committee

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Libra

Libra

The Libra Association, the non-profit organization overseeing Libra, has established a five-member Technical Steering Committee (TSC) to oversee and coordinate the technical design and development of the Libra network.

The responsibilities of the TSC are to direct the technical roadmap of the Libra network, form working groups to fast track research into specific issues, guide codebase development, and build a healthy and engaged community of developers. The association has said that the establishment of the oversight committee is an important step forward in realizing its vision of a self-governing and independent network.

A statement from The Libra Association yesterday said, “As a project rooted in technological innovation, technical stewardship is a significant component of self-governance for the Libra project. In Q1 2020, the TSC will publish its technical governance framework and associated documents. This will include the process by which the open source community can propose technical changes to the network and a transparent process for evaluating those proposals.”

The five members making up the TSC include Joe Lallouz, CEO and founder of industry-leading blockchain infrastructure Bison Trails; Nick Grossman, a partner at venture capital firm Union Square Ventures; and Diogo Monica, co-founder and President of digital asset custodian Anchorage. They will be joined by the Libra core product lead at Calibra, George Cabrera, who oversaw the technical integration of both Instagram and WhatsApp into Facebook (NASDAQ:FB). Ric Shreeves is the final member, who currently serves as Director of Emerging Technology at Mercy Corps.

>> Gemini Launches Crypto Insurance Company with $200 Million Coverage

Libra was first announced last June as an effort to bank the unbanked and provide low-fee money transfers across the globe. However, the project was met with heavy resistance from regulators on both sides of the Atlantic, most of whom opposed Facebook’s leading of the project, given the social media giant’s poor record of data breaches and mishandling of user information. Many also viewed Libra as a potential threat to the economic sovereignty of nations. That resistance has led to Libra’s launch date being delayed indefinitely.

Featured Image: DepositPhotos © BiancoBlue

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How Could a Potential Ripple IPO Affect XRP’s Price This Year?

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Ripple

Ripple

Over the past year or so, XRP is probably one of the few major cryptocurrencies that have not enjoyed any meaningful gains, and much of the blame has been laid at the door of the fintech firm Ripple. The San Francisco-based company owns the highest number of XRP tokens.

Uncertainty in the Crypto Market

Currently, the uncertainty in the crypto market has beaten down the XRP price further. However, it is the possibility of an initial public offering from Ripple that has given rise to a fresh debate among analysts.

Earlier this year, the Chief Executive Officer of Ripple, Brad Garlinghouse, stated that there is a possibility that many crypto-based companies are going to have their IPOs. That resulted in a lot of speculation about an IPO from the company itself. Garlinghouse later said that he was merely talking about the possibilities but has not been thinking about an IPO this year.

Allen Scott, who is the head of markets at Cointelegraph, stated that an IPO from the company could prove to be an existential threat to XRP as a token. However, it should be noted that the possibility of an IPO is currently at a speculative stage.

XRP has been beset with a range of troubles in recent times, and in order to tackle that problem, Ripple has launched a portal. The portal is aimed at allowing XRP investors to report malicious activity. The move from the company came after it emerged that XRP-related scams have hit the market.

>> Ethereum-Built Soccer Game Pens Deal with Italian Giants Juventus

In addition to that, reports of fake XRP giveaways, token theft, and other financial crimes have come to the fore as well. Due to the presence of this portal, people can fill in a form that offers an exhaustive list of suspicious activities, which can be reported to the company. Ripple will investigate the matter but is not going to reimburse anyone with XRP tokens.

Featured image: DepositPhotos © rastudio

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NetCents Powers Purchase Potential with 40th Partner Agreement Signed

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Vancouver, British Columbia–(Newsfile Corp. – September 18, 2019) – NetCents Technology Inc. (CSE:NC) (OTCQB:NTTCF) (Frankfurt: 26N) (“NetCents” or the “Company”). Accelerating its pace for market adoption and integration, NetCents has signed its 40th partnership agreement.

Following on the heels of NetCents’ 20th partner announcement in February, NetCents is pleased to announce the signing of its 40th partnership agreement. A doubling of its partners in such a short period of time reflects the Company’s aggressive trajectory to accelerate partner growth and keep pace with merchant adoption of cryptocurrency. This growth demonstrates the increased willingness of merchants to offer their customer bases alternatives to traditional payment methods by incorporating the NetCents cryptocurrency solution online, in-store, and integrated into their POS systems.

“This accelerated partner growth continues to validate our business model and the future of the Company,” stated Clayton Moore, Founder, and CEO of NetCents Technology. “Whereas in 2018 and early 2019, we needed to actively sell our partners on the advantages of NetCents, we are now having major players in the payments space actively seek us out to allow them to offer cryptocurrency by embedding our Merchant Gateway within their technology, providing merchants a seamless experience and onboarding process for cryptocurrency payments.”

Through these partners including Merchant Gateways, Payment Processors, ISO’s, Terminal Manufacturers, ISO’s, and ISV’s, the Company has embedded its cryptocurrency merchant gateway technology within all major traditional payment sectors. This integration provides the Company with the key competitive market advantage of being the default cryptocurrency payment provider for merchants.

The Company’s Partners allows NetCents to access millions of merchants, hundreds of new partners, millions of users, and a sales force of thousands of agents who actively sell the NetCents cryptocurrency Merchant Gateway to their existing merchant base daily.

“We are already seeing the early success of our partner strategy come to fruition,” added Mr. Moore. “The Company has experienced an average 95% monthly increase in merchant signups since May in addition to an average of 39% increase in processing volume every month since February.”

To augment the Company’s Partnership Program, the Company has begun its Merchant Acquisition Plan (M.A.P.). The Company has brought in industry-leading veterans to develop, launch, and manage M.A.P. The goal of M.A.P. is to add 15-enterprise merchants that process over USD 20 million per year in sales with a monthly baseline of $100,000 cryptocurrency transactions.

The team advancing M.A.P. analyzes of tens of thousands of businesses across North America, Europe, and Australia ranking them against a scoring system, personalizing their outreach message by business or vertical, and launching an educational content program on their respective market trends and NetCents’ products and programs.

While the program launched less than a week ago, 287 merchants who fit the selection criteria have been outreached to with an initial 26% engagement rate. The campaign will continue to run through March 2020 with an additional 100 – 300 merchants added to the outreach queue weekly.

By continuing to drive mainstream interest and adoption via a multi-pronged approach, while increasing market and merchant share, cryptocurrency as a viable payment option is within reach.

About NetCents

NetCents Technology Inc. (CSE:NC) (OTCQB:NTTCF) (Frankfurt: 26N), 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.

For more information, please visit the corporate website at www.net-cents.com or contact Investor Relations at investor@net-cents.com

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.

Please See Disclaimer

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Slim Chance of Bitcoin (BTC) Hitting $20,000 USD By End of Year

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Bitcoin

Bitcoin

There is only a 7% chance that Bitcoin will surpass the $20,000 USD valuation milestone by the end of 2019, according to data published by Skew.

It’s been a pretty hectic year for BTC, which has seen its value swing from around the $3,800 USD mark at the beginning of the year to as high as nearly $13,000 USD in July. The summer months have seen the wildest fluctuations, with valuation jumping over 20% in the space of a few days. The $10,000 USD mark is seen as a major psychological milestone for the cryptocurrency, as is $20,000 USD, which we may see BTC hit at some point in the near future.

However, October promises to be a watershed moment as the US Securities and Exchanges Commission (SEC) is set to announce its decision on whether or not it has approved three Bitcoin Exchange-Traded Fund applications. Interestingly, Skew’s report is more pessimistic than many others with crypto trader and analyst Murad Mahmudov tweeting ~10K is the new ~6K, but instead of breaking down it will hold and start grinding UP. You heard it here first.” Bitcoin’s market dominance hit new highs last week, so perhaps this optimism is justified.

>> Telegram’s 300 Million Users May Be Able to Trade Cryptocurrency

Another, considerably more bullish outlook for BTC came from Pantera Capital CEO Dan Morehead, who said in July, “[Our forecast] put Bitcoin at $42,000 at the end of 2019, which I know sounds crazy but essentially, we’re halfway back there. It’s right on the trend line, and I think it’s a good shot that by the end of the year, we hit that.” While that does sound like a very optimistic view, and very at odds with Skew’s outlook, BTC value is prone to some big surprises, and so it does not look beyond the realms of possibility.

The closest BTC has come to the $20,000 USD milestone was in December 2017 when it reached $19,345, and we’re all well aware of the crash that followed. While all of these assessments are just essentially well-informed speculation, BTC remains highly susceptible to volatility. Where do you see Bitcoin going by the end of the year?

Featured image: DepositPhotos © spaxiax

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