Connect with us
Prague Gaming & TECH Summit 2025 (25-26 March)

Blockchain

NetCents Expands Product Offering by Creating Interest Bearing Accounts

Published

on

Vancouver, British Columbia–(Newsfile Corp. – January 4, 2021) – NetCents Technology Inc. (CSE: NC) (FSE: 26N) (OTCQB: NCCTF) (“NetCents” or the “Company“), a cryptocurrency payments company, is pleased to announce that it will begin to offer interest bearing crypto accounts on its platform.

NetCents management believes that interest bearing accounts is a natural extension of the products that should be available to individuals participating in the crypto economy. NetCents believes that it is uniquely positioned within the Cryptocurrency industry to begin offering a wider selection of financial products to its user base. NetCents has been a leader in providing Cryptocurrency technologies for payments and intends to maintain its leadership by being at the forefront of the industry as market participants move to replicate the products of the legacy financial services industry. NetCents’ hallmark is embracing new ideas and combining best-in-breed technologies with a user interface that is easily understood.

“The pandemic has really demonstrated how there are 80 million households that are unbanked in North America, and that the current financial system isn’t focused providing solutions to masses, they are maximizing revenue by focusing on the rich. Paying interest on deposits is something that lean companies like NetCents is well suited to offer,” stated Clayton Moore.

This is a natural evolution of the financial products that are being created in the cryptocurrency industry. NetCents has pioneered into transaction and payment technology before others followed, and will now blaze a path facilitating transactions as well as interest bearing accounts for its merchants and wallet holders.

The Company sees a massive opportunity in facilitating these types of transactions based on the experience of its merchant base which is now choosing to receive a higher percentage of its receipts in cryptocurrency. Furthermore, individual investors are interested in earning interest on their assets if “staked” over time when compared to traditional banking products paying minimal interest or negative interest rates which are common in Europe.

Advertisement

“NetCents intends to facilitate these kinds of transactions but add a layer of redundancy and security that will give investors more comfort in the security of their assets. As Crypto matures – more “bank-like” features and stability will be essential to its ultimate success,” stated Clayton Moore, NetCents CEO.

The Company is in discussions with numerous partners that would assist in providing these services and will announce individual agreements with partners as they become finalized. NetCents intends to offer these products only after the Company has received guidance and clearance from regulators and advisors that the products are compliant.

“This new product will be the first corporate development that will take full advantage of the Advisory Board we have formed – the team has decades of experience in managing banks and financial products, including experience at UBS and Goldman Sachs. Our Advisory Board has experience across North America, Europe and Asia. We are qualified to develop a solution that will be compliant across the global financial services framework,” stated Mr. Moore.

About NetCents

NetCents Technology Inc, 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.

Advertisement

For more information, please visit the corporate website at www.net-cents.com or contact Investor Relations: [email protected].

To keep up on the latest – make sure to join the telegram channel http://t.me/NetCents

On Behalf of the Board of Directors

NetCents Technology Inc.

“Clayton Moore”

Advertisement

Clayton Moore, CEO, Founder and Director

NetCents Technology Inc.

1000 – 1021 West Hastings Street

Vancouver, BC, V6E 0C3

Cautionary Note Regarding Forward-Looking Information

Advertisement

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.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/71272

Newsfile is a customer-focused newswire team that delivers press releases and corporate announcements to the global financial community. Approved by all stock exchanges, Newsfile offers broad access to media, analysts, investors and market participants. With agile services, proactive customer care and affordable pricing; Newsfile makes it easy for companies to tell their story to the audiences they need to reach.

Blockchain

Oxbridge Re Reports Update on its RWA Tokenized Security, its Business and Third Quarter 2024 Results

Published

on

oxbridge-re-reports-update-on-its-rwa-tokenized-security,-its-business-and-third-quarter-2024-results

Holds a reinsurance license and is regulated by the Cayman Islands Monetary Authority (CIMA).

Continue Reading

Blockchain

SILEGX Exchange: The Rise of a Fintech Innovator

Published

on

silegx-exchange:-the-rise-of-a-fintech-innovator

SILEGX Exchange

Continue Reading

Blockchain

LAUD Announces Data-Driven Marketing Solutions to Empower Fintech Companies

Published

on

laud-announces-data-driven-marketing-solutions-to-empower-fintech-companies
Continue Reading
Advertisement
 title=
Advertisement

Latest News

Recent Listings

  • Global Payout, Inc.

    Since the Company’s inception in 2009, Global Payout, Inc. has been a leading provider of compreh...

  • MTrac Tech Corp.

    MTrac Tech Corporation, a Nevada Corporation, is a privately held, wholly owned subsidiary of Glo...

  • Net1

    Net1 is a leading provider of transaction processing services, financial inclusion products ...

  • uBUCK Technologies SEZC

    Based in Georgetown, Cayman Islands, uBUCK Tech is a fintech enterprise that specializes in digit...

  • LiteLink Technologies Inc.

      LiteLink is a major player in developing world-class enterprise platforms that utilize ar...

  • Good Gamer Corp.

      Good Gamer Corp. is a privately-held technology company focusing on gamers and streamers....

  • BitPay

      Founded in 2011, BitPay pioneered blockchain payment processing with the mission of trans...

  • About Net1

      Net1 is a leading provider of transaction processing services, financial inclusion produc...

  • Blockchain Foundry Inc.

    Headquartered in Toronto, Canada, Blockchain Foundry (CSE:BCFN)(FWB:8BF)(OTC:BLFDF) is a global b...

  • Sixgill

    Sixgill provides a full suite of universal data automation and authenticity products and services...

Trending on TBE