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January 2014

NetCents Technology Signs its 50th Partnership Agreement

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Vancouver, British Columbia–(Newsfile Corp. – November 13, 2019) – NetCents Technology Inc. (CSE:NC)(OTCQB:NTTCF) (Frankfurt: 26N(“NetCents” or the “Company”) . NetCents is pleased to announce the signing of its 50th Partnership Agreement with Agape Global Services Inc., (“Agapay”).

Agapay provides premium credit card processing services providing growing businesses credit card processing, e-commerce, and other electronic processing solutions for continuity of revenue and payment flows.

Over the last 24 months, the Company’s focus has been twofold. Firstly, it was to design, develop and build out the required technical infrastructure necessary to allow crypto-based payments to become mainstream. This resulted in the release of over 12 different significant upgrades and improvements to the NetCents Platform. Instant settlements, multiple terminal, Point of Sale (“POS”) & eCommerce integrations, Asset Management Platform, deployment of the Software as a Service (“SaaS”) based platform, crypto-banking stack and zero confirmation to name but a few. The stable of products the Company now offers is varied and includes; file management, authorization services; and settlement services for multiple crypto-currency formats.

Secondly, the Company looked to imbed itself into the traditional payment space by making the processing technology easier and more cost effective for merchants to implement and use while simultaneously making it simpler for consumers to use. NetCents went out and signed major manufacturers of the industry leading POS devices (PAX, Clover, Ingenico, ExaDigm, Poynt, AMP, Verifone) so as to imbed the NetCents software into their devices. This has provided NetCents with the potential to reach over 40 million active terminals worldwide.

Clayton Moore, CEO of NetCents Technology, said,

“The 50th agreement means that our partners who are a combination of Independent Sales Organizations or ISO’s (a third-party payment processing company that handles merchant accounts), Processors (handle merchant transactions for merchant acquiring banks) and Gateways (facilitates payment transaction between payment portal and processor) combine to give NetCents a reach to an estimated 7 million merchants and who collectively process well over a billion dollars annually in the traditional processing space. That is an accomplishment.”

He further went on to say,

“The onboarding of merchants was initially slower than anticipated but as the Company has publicly said, the uptake in both merchant onboarding and processing volume has been increasing steadily over the last number of months. The Company feels very strongly that by continuing to follow this path, the Company will continue to become the underlying technology for crypto-currency payments akin to the Automated Clearing House (“ACH”), an electronic funds-transfer system that facilitates bank to bank payments, credit and debit transactions in North America. Last year the ACH Network processed USD 23 billion in payments. The value of ACH payments last year was USD 51.2 trillion.”

About NetCents

NetCents Technology Inc. (CSE:NC)(OTCQB:NTTCF)(Frankfurt: 26N) is a next-generation online payment processing platform, offering consumers and merchants online services for managing electronic payments. The Company is focused on capturing the migration from cash to digital currency by utilizing innovative Blockchain Technology to provide payment solutions that are simple to use, secure and worry-free. NetCents works with its financial partners, mobile operators, exchanges, etc., to streamline the user experience of transacting online.

NetCents Technology is integrated into the Automated Clearing House (“ACH”) and is registered as a Money Services Business (MSB) with FINTRAC, which ensures our consumer’s security and privacy. NetCents is available for deposits from 194 Countries around the World, providing you with the freedom to choose to Pay. Your Way. ™

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.

Blockchain.com Partners with Payment Processor BitPay

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BitPay

BitPay

Cryptocurrency wallet provider Blockchain.com has announced a partnership with a Bitcoin payment processor, BitPay. Through the partnership, Blockchain.com is expected to incorporate BitPay’s payment technology into its wallet service.

Blockchain.com Users to Get Access to BitPay’s Network

Blockchain.com is currently the world’s most popular Bitcoin wallet provider with over 30 million wallet users across 140 countries. The company, which was founded in 2011, mostly holds Bitcoin APIs in the wallets. BitPay has a global reach of more than 20,000 customers. BitPay’s collection of products enables users to send and receive payments across the border. Equally, it makes it easy for the customer to manage their digital assets and turn the tokens into fiat currency using the BitPay Prepaid Visa Card.

With the integration of BitPay architecture into the wallet service of Blockchain.com, merchants will now be able to make online and mobile payments. They will be able to scan or copy invoices as well as process Bitcoin payment through the wallet app. The partnership also makes it possible for users to provide products and services through an extensive merchant network while at the same time maintaining possession of the private keys.

>> Facebook’s Libra: Coinbase’s Ex-Policy Head Will Lead Lobbying

BitPay Processor Handles Over $1 Billion in Bitcoin Annually

Every year BitPay processes close to $1 billion in Bitcoin for individual clients and businesses, as well as more than $2.8 billion in other digital assets for institutional clients, for over seven years now. The company has created an ecosystem of merchants accepting their payments such as Delta, Amazon, and Hotels.com. The payment processor, besides offering the option of settling payments in fiat currency, can also provide invoices.

Blockchain.com indicated in a statement that it is excited to add BitPay to its wallet because it will connect users to a network of merchants that readily accepts Bitcoin as a payment method. The statement indicated that this was one of the main ways of interacting with and growing the digital asset ecosystem. Blockchain.com’s wallet service, which is noncustodial, provides users with a Know-Your-Customer verification option for those who prefer in-wallet trading capabilities.

Featured image: DepositPhotos © minervastock

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Ripple Escrow Wallet Transfers Another 500 Million XRP to Company

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Ripple Escrow Wallet

Ripple Escrow Wallet

In recent times, Ripple has been at the center of whale moves and has managed to move a significant amount of XRP. In the latest development, Ripple Escrow wallet has completed the transfer of 500 million XRP token to Ripple.

Massive Movement of XRP to Ripple

In a recent tweet, the Whale alert indicated tokens worth around $130.1 million moved from the Ripple Escrow Wallet to Ripple. The Whale alert account usually provides information regarding cryptocurrency whale movements, and it is always informing the community about various crypto whale moves.

The gigantic transactions in the past few months have had a negative influence on the price of XRP. At the end of August, Whale indicated movement of the huge amount of XRP coins worth more than $132 million to an unknown wallet from Ripple. Equally, on September 1, there was a transfer of around 1 billion XRP coins from the Ripple Escrow Wallet to Ripple.

In 2017, Ripple Labs indicated that it will be realizing close to 1 billion XRP every month. The process would go on for the next 55 months and will most likely conclude in mid-2021, which implies that there are still a lot of XRP coins to be transferred.

Ripple Not Receiving Support from the Community

It seems like the community is not supporting the company on the issue, judging from various sentiments from members. The fintech company asserts that what it is doing is a routine process that occurs in each quarter. However, considering the massive Whale movements in the past few months, XRP investors are already turning against Ripple. Already, they have created a petition on change.org in protest against the company.

>> Liquid Reveals Blockchain Wallet Holding GRAM Tokens

This is a serious concern for the company, and it must move with speed to address XRP investors regarding the scenario. Ripple is likely to witness a mass exodus of investors opting out of XRP if it fails to do this.

The scenario presents a positive thing in that XRP’s volume has grown since the start of last month and currently stands at over 1 billion. XRP surged 1.54% in the last session and currently trades at $0.259.

Featured image: DepositPhotos © adriantoday

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Blockchain Technology Revenue Expected to Hit $10 Billion in 2023

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blockchain technology

blockchain technology

Last year the cryptocurrency industry experienced a harsh industry-wide drop in asset prices. However, the prices have since recovered, and the blockchain technology is expected to rack billions of dollars in growth.

Blockchain Revenue to Hit $10 Billion in 2023

ABI Research conducted a study, and its findings indicated that there are big things ahead for blockchain technology. The firm has predicted that blockchain revenues will grow in the next six years. Categories that will drive blockchain revenue include industrial blockchain applications, financial services, as well as consulting services. ABI has indicated that blockchain revenues could hit $10 billion in the next few years.

Things are interesting currently for blockchain development despite the slump of initial coin offerings in 2018. Growing interest from institutional investors in blockchain technology has helped the growth. Some mainstream companies have started incorporating the underlying technology in their operations. For instance, enterprise players such as JPMorgan Chase, Amazon, and Walmart have made a move towards the adoption of blockchain.

Last year, the largest cryptocurrency asset, Bitcoin, experienced a massive price fall of over 50%. Other digital assets also experienced a similar slump. However, the price of Bitcoin has recovered this year and has regained some ground in the market. The rest of the cryptocurrencies have equally recovered, although not to the same magnitude as Bitcoin.

Blockchain Investment Shifting to Venture Capital Funding

According to ABI, the multi-billion dollar revenue expected from blockchain will profit most companies employing the technology. ABI research director, Michela Menting. indicates that there are several ways revenue is derived from blockchain. She points towards consultancy, transaction fees, and blockchain frameworks as the main methods of generating revenue.

>> Ripple’s Brad Garlinghouse Clamps Down on XRP FUD

Currently, there is a shift in trend from ICOs to venture capital funding. Venture capital funding is already taking on ICOs and has increased with 620 rounds generating $3.1 billion in 2018, up from 153 rounds in 2017 that raised $850 million. Tighter regulations and taxation on cryptocurrencies in various countries is prompting investors to adopt VC-based investments.

Featured image: DepositPhotos © yourg

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