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November 2014

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 visit the company’s website at www.net-cents.com. For a free report on NetCents Technology Inc. (CSE:NC) (OTCQB:NTTCF) visit cryptocurrencynews.com

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Bitcoin Recovers Quickly on Technical Bounce

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Bitcoin

Bitcoin

Bitcoin may have had a superb year up until June, but the month of July, and especially the past week, has proven to be troublesome as the price of the cryptocurrency continued to crash down. The issues with relation to Facebook’s Libra and United States President Donald Trump’s comments about cryptocurrencies like Bitcoin caused a massive drop. The token fell below $10,000 after having climbed above $13,000 earlier.

Sudden Spike

However, it seems that Bitcoin is making a comeback yet again, and today, the cryptocurrency experienced a massive spike that saw it gaining as much as $1,000 in a matter of a few minutes on most exchanges. At the time of writing, Bitcoin is up over 8% at $10,535. In fact, BTC has recovered 16% from yesterday’s low of $9,050.

Due to that incredible spike in price, Bitcoin managed to cross the important hurdle of $10,000, and eventually, the price reached $10,300. Considering the sort of trying week it’s been, this tearing spike has caused a stir in the crypto sphere.

However, it is perhaps more important to consider what it all means going forward. One Bitcoin analysts took to Twitter and stated that a pattern of this nature started back in April this year when Bitcoin was still trading at $4,000. It was also at that point when the massive bull run started that eventually took the cryptocurrency to more than $13,000 earlier this month.

>> Huobi Moves to New ERC-20 Token: Partnership with Stable Universal & Paxos

That being said, it is perhaps more interesting to look at the possible reasons why the spike might have taken place, and in this regard, it is important to note that the reasons behind a spike of this nature if hard to figure out.

It should be noted that Representative Patric McHenry said yesterday that Bitcoin can never be wished away and it is here to stay. In addition to that, the head of the Federal Reserve, who had earlier been critical of Libra, stated that Bitcoin is a “store of value.” Such an encouraging statement could have been behind this incredible spike.

Featured image: DepositPhotos © sdecoret

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uBUCK Signs Agreement for Strategic Commercial Relationship with Deltec Bank And Trust Limited

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VANCOUVER, British Columbia, Nov. 07, 2019 (GLOBE NEWSWIRE) — LiteLink Technologies Inc. (“LiteLink”) (CSE:LLT)(OTC:LLNKF)(FRA:C0B), a key player in logistics platforms and payment solutions, is pleased to announce that its subsidiary uBUCK Technologies SEZC (“uBUCK” or the “Company”) has signed a Strategic Alliance Agreement with Deltec Bank & Trust Limited (“Deltec”) to sell uBUCK prepaid debit cards from the uBUCK platform to banks and investment account customers at Deltec. Through this strategic commercial relationship, Deltec will also integrate and market the uBUCK prepaid debit card into Deltec digital wallet and exchange relationships, as well as private banking contacts.

Headquartered in The Bahamas, Deltec is a diversified independent financial institution that offers its global clients the unique combination of institutional expertise, bespoke solutions, and highly attentive service.

“We are very excited to enter into a strategic partnership with Deltec, a highly regarded financial institution with a range of private banking and fiduciary expertise,” said uBUCK CEO James Youn. “This partnership opens up uBUCK to a large network of financial services providers across the globe.”

The phases of the strategic commercial relationship between uBUCK and Deltec will include providing prepaid debit cards to their existing bank and wealth management clients, marketing the card program to regional private bank networks in the Caribbean, South America, Asia and Europe, a technology platform that links the cards and creating dedicated white label card programs to their existing digital asset exchange clients.

About Deltec Bank & Trust Limited

Deltec Bank & Trust Limited is the flagship company of the Deltec International Group, a diversified independent financial services group, providing through its member companies a range of private banking and fiduciary expertise, fund administration, investment management, digital asset financial services, insurance solutions, and corporate and merchant banking capabilities.

About uBUCK Technologies SEZC

Based in Georgetown, Cayman Islands, uBUCK Tech is a fintech enterprise that specializes in digital payments and wallets. uBUCK Pay, its online payments platform and pin voucher solution, offers consumers, businesses and merchants a fast, commission-free and highly secure alternative to traditional payments. Customers can purchase pin vouchers within the uBUCK Pay app or at participating resellers. For details about uBUCK Pay, please visit uBUCKpay.com. For details about Streambucks, please visit Streambucks.gg.

About LiteLink Technologies Inc.

LiteLink Technologies Inc. (CSE:LLT)(OTC:LLNKF)(FRA:C0B) 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.

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.

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