NC.C -- Breaking out after consolidation; Bollinger Squeeze
Beautiful breakout chart! I just took position at 1.31. Bollinger Squeeze, MACD about to complete a bullish cross, strong accumulation and good news today that went largely unnoticed by the markets. With BTC going higher, this is a perfect setup for a serious run up!
NetCents exceeds $4M in monthly processing volume in July, representing 100% growth over February, 2020 number
NetCents Technology Inc. (CNSX:NC) said it exceeded $4 million in monthly processing volume in July, 2020, which represents 100% growth over the previously reported February, 2020, numbers.
It said the growth in the monthly transaction volume was partly caused by NetCents continuing to grow its business to business transaction flow, with the new market segment supporting larger transactions that have the effect of significantly lifting the average transaction size.
In a statement, Clayton Moore, founder and CEO of NetCents Technology commented: "This growth in B to B is a clear indicator of a maturing business - using crypto for small consumer purchases has a novelty to it, for sure, but now we are seeing large businesses embrace crypto as part of their process, it is a very revealing trend.”
"We are confident that this trend will continue, and that businesses will adopt crypto payments permanently as part of their workflow. We can save businesses a lot of money by facilitating cross border and cross-currency transactions. We are finding that once a customer is onboarded, they find that their hesitation around working with cryptocurrencies was completely unfounded," he concluded.
The NetCents interface is designed to look and feel like all traditional merchant payment platforms, therefore merchants aren't intimidated by any complexity of the cryptocurrency environment. This means that once onboarded, merchants are likely to embrace cryptocurrency payments, as well as employ one of the marketing programs that NetCents provides their merchants.
The growth in transaction volume is also being affected by the growth in cryptowallets worldwide, as of June 2020, there are over 50 million wallets that have been created, which represents 25% growth on a year to year basis.
The company said it believes that for the first time many of these wallets are being created for transactional purposes as opposed to purely for investment or trading.
NetCents said its management believes that the current Bitcoin rally will also generate additional interest in cryptocurrency, as a rising bitcoin market has historically accelerated the growth of crypto wallets.
Cryptocurrencies as an asset class represent a value of $344 billion, with the majority of this value attributable to Bitcoin, which has appreciated by 23% over the last month.
NetCents provides 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 exceeds $4M in monthly processing volume in July, representing 100% growth over February, 2020 number
NetCents Technology Inc. (CNSX:NC) said it exceeded $4 million in monthly processing volume in July, 2020, which represents 100% growth over the previously reported February, 2020, numbers.
It said the growth in the monthly transaction volume was partly caused by NetCents continuing to grow its business to business transaction flow, with the new market segment supporting larger transactions that have the effect of significantly lifting the average transaction size.
In a statement, Clayton Moore, founder and CEO of NetCents Technology commented: "This growth in B to B is a clear indicator of a maturing business - using crypto for small consumer purchases has a novelty to it, for sure, but now we are seeing large businesses embrace crypto as part of their process, it is a very revealing trend.”
"We are confident that this trend will continue, and that businesses will adopt crypto payments permanently as part of their workflow. We can save businesses a lot of money by facilitating cross border and cross-currency transactions. We are finding that once a customer is onboarded, they find that their hesitation around working with cryptocurrencies was completely unfounded," he concluded.
The NetCents interface is designed to look and feel like all traditional merchant payment platforms, therefore merchants aren't intimidated by any complexity of the cryptocurrency environment. This means that once onboarded, merchants are likely to embrace cryptocurrency payments, as well as employ one of the marketing programs that NetCents provides their merchants.
The growth in transaction volume is also being affected by the growth in cryptowallets worldwide, as of June 2020, there are over 50 million wallets that have been created, which represents 25% growth on a year to year basis.
The company said it believes that for the first time many of these wallets are being created for transactional purposes as opposed to purely for investment or trading.
NetCents said its management believes that the current Bitcoin rally will also generate additional interest in cryptocurrency, as a rising bitcoin market has historically accelerated the growth of crypto wallets.
Cryptocurrencies as an asset class represent a value of $344 billion, with the majority of this value attributable to Bitcoin, which has appreciated by 23% over the last month.
NetCents provides 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.
Comment:
Bought more shares at 1.26. Company is undervalued compared to peers. VISA related update likely to come soon that could serve as a catalyst or other news. Chart is primed for a breakout!
Comment:
Breakout confirmation, bullish MACD cross and huge news after hours!
NetCents is partnering with Visa to deliver the next innovation in payments
Vancouver, British Columbia--(Newsfile Corp. - August 10, 2020) - NetCents Technology Inc. (CSE: NC) (FSE: 26N) (OTCQB: NTTCF) ("NetCents" or the "Company"), a cryptocurrency payments technologies company, today announced that it has joined Visa's Fintech Fast Track program, partnering with Visa's team to bring the NetCents Visa Card to market in the United States and Canada.
By joining the Visa Fintech Fast Track program, NetCents is able to speed up the process of integrating with Visa, allowing NetCents to more easily leverage the reach, capabilities, and security that VisaNet, the company's global payment network, offers. Through Fast Track, NetCents is now able to seamlessly roll out the NetCents Visa Card to its users in North America and expand into additional geographic markets. Previously, the Company was ready to launch the NetCents Credit Card program to users in Canada but chose to end that program when the opportunity to work directly with Visa arose.
"By joining Visa's Fast Track program, exciting FinTech's like NetCents gain unprecedented access to Visa experts, technology, and resources," said Terry Angelos, SVP and Global Head of Fintech, Visa. "Fast Track lets us provide new resources that rapidly growing companies need to scale with efficiency."
Unlike other prepaid cryptocurrency cards in the market, NetCents cardholders will not have to pre-load cryptocurrency onto their card, eliminating potential "lost" appreciation caused by rising cryptocurrency values between the time the user loads it and the time they spend it. The NetCents Cryptocurrency Credit Card is tied directly into users' NetCents wallets, allowing cardholders to spend the cryptocurrency in their wallet. A key innovation that the Company has developed is the ability for users to automatically complete a single credit card transaction across multiple cryptocurrencies.
"Ever since we pivoted NetCents in 2017 towards cryptocurrency transactions, our mission has been to create efficiency in the financial transaction industry," stated Clayton Moore, Founder and CEO of NetCents Technology. "Having a direct relationship with Visa allows us to have the most streamlined and cost-effective system to blend the capabilities of cryptocurrency and the Visa platform. We're looking forward to a long and fruitful collaboration."
Visa's Fintech Fast Track Program provides companies like NetCents the ability to access Visa's growing partner network, and experts who can provide guidance in helping them get up and running in the most efficient way possible.
NetCents is partnering with Visa to deliver the next innovation in payments
Vancouver, British Columbia--(Newsfile Corp. - August 10, 2020) - NetCents Technology Inc. (CSE: NC) (FSE: 26N) (OTCQB: NTTCF) ("NetCents" or the "Company"), a cryptocurrency payments technologies company, today announced that it has joined Visa's Fintech Fast Track program, partnering with Visa's team to bring the NetCents Visa Card to market in the United States and Canada.
By joining the Visa Fintech Fast Track program, NetCents is able to speed up the process of integrating with Visa, allowing NetCents to more easily leverage the reach, capabilities, and security that VisaNet, the company's global payment network, offers. Through Fast Track, NetCents is now able to seamlessly roll out the NetCents Visa Card to its users in North America and expand into additional geographic markets. Previously, the Company was ready to launch the NetCents Credit Card program to users in Canada but chose to end that program when the opportunity to work directly with Visa arose.
"By joining Visa's Fast Track program, exciting FinTech's like NetCents gain unprecedented access to Visa experts, technology, and resources," said Terry Angelos, SVP and Global Head of Fintech, Visa. "Fast Track lets us provide new resources that rapidly growing companies need to scale with efficiency."
Unlike other prepaid cryptocurrency cards in the market, NetCents cardholders will not have to pre-load cryptocurrency onto their card, eliminating potential "lost" appreciation caused by rising cryptocurrency values between the time the user loads it and the time they spend it. The NetCents Cryptocurrency Credit Card is tied directly into users' NetCents wallets, allowing cardholders to spend the cryptocurrency in their wallet. A key innovation that the Company has developed is the ability for users to automatically complete a single credit card transaction across multiple cryptocurrencies.
"Ever since we pivoted NetCents in 2017 towards cryptocurrency transactions, our mission has been to create efficiency in the financial transaction industry," stated Clayton Moore, Founder and CEO of NetCents Technology. "Having a direct relationship with Visa allows us to have the most streamlined and cost-effective system to blend the capabilities of cryptocurrency and the Visa platform. We're looking forward to a long and fruitful collaboration."
Visa's Fintech Fast Track Program provides companies like NetCents the ability to access Visa's growing partner network, and experts who can provide guidance in helping them get up and running in the most efficient way possible.
Trade closed: target reached
