NetCents Technology Released an Update on NetCents Cryptocurrency Credit Card

NetCents Technology Inc.(NetCents), a cryptocurrency payments company, announced an update on the NetCents Cryptocurrency Visa Card Engages i2c Inc., a leading technology platform to accelerate growth.

On August 10, 2020, NetCents stated that it joined the Visa Fintech Fast Track Program-for the rollout of a Crypto-Backed Visa Card. The Company selected i2c Inc. (“i2c”) to be the back-end provider that links directly into the Visa network. 

With the partnership, U.S. based i2c has developed unique software that will accelerate NetCents’ rollout of its Visa product from the North American market to the global market in a seamless manner.”

NetCents is now pleased to report that it has completed all the technical development needed for the Visa Program launch and is proceeding with the final certification phase during the week of October 26, 2020. It is expected that this process will take two weeks to complete. The Company is currently completing the work to receive Bank Compliance to issue a BIN number, which is required to launch the card. 

The Company is targeting a November 15 launch for its virtual card product. Unfortunately, if that deadline slips, Visa has an internally imposed blackout period preventing the issuance of cards during the holidays so that the next launch date will be January 15, 2021. At that time, NetCents will be positioned to issue both virtual and physical Visa Cards. 

In addition to the original card program functionality, NetCents is integrating Google Pay and Apple Pay to the program, facilitating users to add their NetCents Cryptocurrency Visa Card to their Google Pay and Apple Pay wallets, which will enable users to use the virtual card at retail locations.