NetCents Increases Its Credit Facility from USD$1.4 Billion to USD$2 Billion

​NetCents Technology Inc., a transactional hub for all cryptocurrency payments, has announced that it has increased its credit facility from USD$1.4 Billion to USD$2 Billion, preparing for rapid growth in the cryptocurrency space specifically B2B payments.

According to the company’s release, it has made this move to facilitate the continued merchant growth, credit card launch and white label projects.

“We think we are at that inflection point. Bitcoin is coming out of the shadows and moving again into the spotlight, unfortunately many missed the 300% run from the bottom,” stated Clayton Moore, CEO of NetCents.

Moore added:“Our education process continues to win over clients, clients are becoming exceedingly more comfortable with our products as we demonstrate security protocols and how the Bitcoin and other coins that potential clients receive are actually screened and vetted before we allow them on the platform, we increased the credit line because we need to increase our capabilities to meet growing demand. ”

Recently, NetCents has partnered with a handful of forward-thinking institutions to use its merchant order flow as a supply for a short-term crypto portfolio. The credit line enables NetCents to have money in the market over an extended period and be able to profit from arbitrage opportunities. The profits from this arbitrage will ultimately allow NetCents to reduce fees to its client base.