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May 2013

NetCents Technology Issues CEO Letter to Shareholders

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Vancouver, British Columbia–(Newsfile Corp. – September 10, 2019) – NetCents Technology Inc. (CSE:NC) (OTCQB:NTTCF)(“NetCents” or the “Company”)c is pleased to issue a letter to shareholders from the CEO, Clayton Moore.

Dear Fellow Shareholders,

Since launch, we boldly engineered an approach that mitigated the risk and volatility for merchants and consumers to adopt a new transactional medium. We seamlessly integrated cryptocurrency processing while ensuring we motivated these two key groups, who along with you, are the pillars of our growth.

We knew to get early buy-in required a new level of protocols to protect against fraud and identification theft while meeting a regulatory discipline to maintain the integrity of our system. We created trust with consumers and a seamless and intuitive merchant terminal-enabled user experience for buying, selling and transacting with cryptocurrencies.

We’ve been aggressive over the past two-plus years building an agile merchant gateway network. And, as we always believed, “if we build it, they will come,” and come they have. Today, we’re being equally aggressive in what comes next.

By most key measures, NetCents’ Merchant Gateway has been a success. Transaction volume, average transaction value, processing volume, and new merchant sign-ups numbers tell a compelling story. In May, we announced an average 41% month-over-month increase in processing volume and a projected 40% monthly growth rate. We also projected we’d surpass a 2020 first calendar quarter with a CAD 2 million monthly processing volume. We’re on pace to reach this target based on 2019 processing rates.

August processing volume was 539% greater than February – taking us less than 5-days to surpass the entire previous month. It wasn’t an anomaly; it was a strategy. We now need to M.A.P (Merchant Acquisition Program) our next steps to encourage more merchant participation and greater consumer benefit.

In this latter half of 2019 and through 2020, NetCents will be taking a tailored three-pronged approach. First, we’re placing a relentless focus on sales and marketing; second, we anticipate launching a branded credit card and third, we’re cutting cost and creating ease for cross-border remittance.

Core to what we do is market our brand to enhance our sales funnel and build competitive advantage and market share. We’ve been driving awareness through online digital advertising and have powered 32 Partner agreements allowing integration to over 26-million terminals across worldwide merchants. We undertook trials in key cryptocurrency payment markets enabling a 30% lead to close and a 10% activation rate that in turn is driving monthly processing volumes.

Our sales approach is equally aggressive. Starting in September, our new top-tier internal sales team is tasked with adding 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. offers an analysis 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.

We’re also arming our sales team with an important tool. NetCents’ cryptocurrency credit card. Anticipated to launch in 2020 with Canadian NetCents customers, our credit card will enable worldwide access at over 40-million merchants offering Visa.

We believe this launch is a truly competitive feature of the NetCents offer. Unlike other credit cards, the NetCents Visa is not prepaid, does not require users to liquidate cryptos and it converts crypto or fiat spend on the spot. Use the card whenever, wherever, we take care of everything else.

When pioneering new payment technology with more traditional payment systems there can be unexpected challenges. The Visa card program has proven to be just that. NetCents takes great pride in overcoming hurdles and without question, our team will overcome this Visa delay.

We’re excited by the prospect of empowering more consumers with the ease of crypto purchase. And we’re encouraged by the insights we’ll gain from real-time, real-life cryptocurrency credit card transactions. While maintaining strict standards for data protection and ensuring full regulatory privacy compliance, we’ll finally have empirical data to offer transparent insights on cryptocurrency spending and preference habits.

Ambiguous, unqualified data currently driving industry analysis and commentary will be replaced. It will allow data-driven decision-making to become a competitive advantage throughout our sales funnel. It will also activate our proprietary analysis to position NetCents as an industry and thought leader.

As we hone targeted insights across verticals, markets, and merchants, we anticipate hesitancy surrounding the adoption of cryptocurrency as a payment option to decline. Additionally, with in-market scale, it is reasonable to anticipate the cascading effect of decreases in merchant transaction fees over traditional payment methods; elimination of chargebacks; increases in average order size; and expansion of merchants into the global cryptocurrency market which is expected to be worth US 6702.1 mn by the end of 2025.

The final prong in our 2019/2020 strategy is to reduce the cost of remittance, replacing the current financial services industry’s centralized business model. The global remittance market is expected to reach USD 715 billion in 2019. As this market grows, blockchain and cryptocurrency are poised to overshadow the traditional clearing structures allowing for faster and cost-efficient solutions. Starting in September, leveraging the NC Exchange and User Portal, NetCents along with our first Remittance Partner we’ll begin processing cross-border remittance payments.

We’re thankful and encouraged by your continued support. And we’re humbled by the confidence from our merchant partners, sales associates, advisors and others who are helping us fine-tune our market offer. It sounds simple in its approach. In some ways it is. We remain confident that if we keep customers and merchants as our pillars in building what comes next, we can deliver efficiency, transparency, acceptance, and action.

About NetCents

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

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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Bitcoin Tanks to $6K Mark on Economic Damage from the Coronavirus

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Bitcoin

Bitcoin

While the stock markets across the world are recording historic declines, the situation is not much different in the crypto world, which would explain why Bitcoin has been dropping as of late. On Thursday, the world’s biggest cryptocurrency by market cap plunged at an alarming rate.

Panic Selling

The coronavirus pandemic has had a volatile effect on the world economy, and markets across the globe experienced mass selloffs as fears about the damage finally took hold. BTC slumped by 25% on Thursday morning as investors continued to dump it. Although it did claw back some of the losses, BTC was still down by 22% and trading at $6,218 each.

The BTC losses recorded today were its biggest one-day losses in half a decade, and it remains to be seen whether this selloff is going to continue over the coming days. Currently, there is no end to the coronavirus in sight, and it is likely that markets are going to be in turmoil for quite some time. However, it is also important to point out that the crash is not only restricted to BTC; it has hit across a wide range of cryptocurrencies.

>> Ethereum Drops to $200 Levels as Crypto and Global Markets Crash

Over the past five days, BTC has lost 30% and has, in fact, outpaced the losses that were recorded by other asset classes, such as stocks and oil. The portfolio manager of the crypto firm NKB stated that, currently, a lot of ‘de-risking’ is going on across asset classes, and BTC is not immune from that particular phenomenon.

Due to the current situation brought about by the coronavirus, investors are fast moving away from risky assets, and it is believed that such a move has affected the price of Bitcoin considerably. It remains to be seen how long it takes for the situation to improve.

Featured image: DepositPhotos © EdZbarzhyvetsky

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Libra Chief Praises Its Anti Money Laundering Standards

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Libra

Libra

Libra Chief David Marcus has claimed that the Anti Money Laundering Standards of the underfire project are superior to any other payment networks on the market today.

Libra Scrutiny Means Its On Track, Says Chief

Marcus is the CEO of Calibra, the corresponding digital wallet of Libra, and previously served as president of PayPal and a member of the Board of Directors at Coinbase. Speaking at the Money 20/20 conference in Las Vegas, he said, “I want to say that the efficacy of sanction enforcing can be much higher on Libra than other payments networks.” He pointed to the benefits of blockchain technology in enabling regulators to quickly identify risks in the system without having to rely on external reports.

Libra has been under fire from regulators in the US and Europe, who fear that it poses a threat to the economic sovereignty of nations. Speaking on that scrutiny, Marcus said, “These headlines are a preamble to more hard times ahead, and we must govern the network into a place where it will meet regulatory standards, then we will see the network come to life. People deserve much better than they have.” However, he added that the scrutiny was a sign that Libra was on the right track, saying the most meaningful innovations are always met with “damning headlines.”

The Libra Association

Despite the criticism, the Libra Association was officially launched earlier this month at its headquarters in Geneva. The Association’s charter was signed by 21 founding members, down from the original figure of 27 after several high profile defections, including Visa (NYSE:V), PayPal (NASDAQ:PYPL), and Mastercard (NYSE:MA), which all jumped ship after it was announced that Mark Zuckerberg would defend his plans to launch Libra before a Congressional committee.

>> Binance US to Include NEO and ATOM for Trading

At the launch, Libra announced its executive team, which will include Marcus as well as four other high profile figures in the digital payments industry. Katie Haun, a general partner with Andreessen Horowitz; Wences Cesares, CEO of Xapo; Patrick Ellis, general counsel at PayU; and Matthew Davie, chief strategy officer of Kiva, will complete the five-person board.

Featured Image: DepositPhotos © BiancoBlue

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uBUCK Technologies Announces Closed Beta Launch for Streambucks

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VANCOUVER, British Columbia, May 14, 2019 (GLOBE NEWSWIRE) — LiteLink Technologies Inc. (“LiteLink”) (CSE:LLT)(FRA:C0B:FF), a leader in logistics, artificial intelligence and digital payments, is very excited to announce that its wholly-owned subsidiary uBUCK Technologies SEZC (“uBUCK Tech”) will be launching Streambucks in July 2019, a digital payment platform dedicated to electronic sports (Esports) gaming.

uBUCK Tech has developed its second brand Streambucks to offer a seamless, secure payment solution that is catered specifically to Egamers. uBUCK Tech will sponsor Egaming tournaments and provide prize pools in the form of Streambucks. Streambucks can be used to purchase products in the Streambucks marketplace, send payments around the world for free or convert into U.S. dollars to load a prepaid debit card.

“uBUCK Tech developed Streambucks after recognizing a massive opportunity to reach a new demographic of customers through eSports gaming, an industry that has become larger than Hollywood and boasts cash prize pools of up to $25 million,” said uBUCK CEO James Youn. “We are excited to provide seamless payments to this new target demographic and sponsor eGaming tournaments across the globe. This new platform will allow uBUCK Tech to offer digital payment solutions for the Esports community which reached 454 million gamers worldwide and gain access to the billion dollar eSports gaming industry.”

Like uBUCK, Streambucks can be purchased with Bitcoin, Ethereum, credit and debit cards, or cash at 7,000 convenient stores across the U.S.

“Streambucks will solve the payment delays caused by traditional payment methods, as reported by The Esports Observer,”

said uBUCK COO Greg Bauer.

About uBUCK Technologies SEZC

Based in Georgetown, Cayman Islands, uBUCK Tech is a fintech enterprise that specializes in decentralized digital payments and wallets. uBUCK Pay and Streambucks are P2P payment platforms offering consumers, businesses and merchants a fast, commission-free and highly secure alternative to traditional payment methods. uBUCK Cash and Streambuck Cash are stable utility tokens that are backed by the U.S. dollar via pin voucher purchases within the uBUCK Pay app or at participating resellers. Customers may load a uBUCK debit card and make online and offline purchases and send payments around the world for free.

About LiteLink Technologies Inc.

LiteLink Technologies Inc. (“LiteLink”) (CSE:LLT)(FRA:C0B:FF) is a major player in developing world-class enterprise platforms that utilize artificial intelligence, blockchain, and predictive analytics to solve fragmented and outdated technology problems in the logistics and digital payment industries. Our flagship 1SHIFT logistics platform offers real-time transparency and tracking which allows brokers, shippers, and carriers to track shipments and settle payments in real-time. For more information about LiteLink Technologies Inc., please visit litelinktech.com. If you would like to know more about the 1SHIFT logistics platform, please visit 1shiftlogistics.com.

For further information, contact Bronson Peever at 833-205-6945 ext. 3742 or investor@litelinktech.com.

Forward-looking Statement

This news release may contain certain “Forward-Looking Statements” within the meaning of the United States Private Securities Litigation Reform Act of 1995 and applicable Canadian securities laws. When used in this news release, the words “anticipate”, “believe”, “estimate”, “expect”, “target”, “plan”, “forecast”, “may”, “schedule” and other similar words or expressions identify forward-looking statements or information. These forward-looking statements or information may relate to the nature of the business of LiteLink, and other factors or information. Such statements represent LiteLink’s current views with respect to future events and are necessarily based upon a number of assumptions and estimate that, while considered reasonable by LiteLink, are inherently subject to significant business, economic, competitive, political and social risks, contingencies and uncertainties. Many factors, both known and unknown, could cause results, performance or achievements to be materially different from the results, performance or achievements that are or may be expressed or implied by such forward-looking statements. LiteLink does not intend and does not assume any obligation, to update these forward-looking statements or information to reflect changes in assumptions or changes in circumstances or any other events affections such statements and information other than as required by applicable laws, rules, and regulations.

Please visit the company’s website at litelinktech.com. For a free report on LiteLink Technologies Inc. (“LiteLink”) (CSE:LLT)(FRA:C0B:FF) visit microsmallcap.com.

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