NetCents Technology Transaction Growth Continues, Exceeds $5 Million in Transactions in August

NetCents Technology Inc. (“NetCents” or the “Company“) (CSE: N.C. / Frankfurt: 26N / OTCQB: NTTCF), a cryptocurrency payments technologies company, is pleased to announce that it exceeded $5 million dollars in transactions within the NetCents platform in August, a 25% increase over July.

“We believe that this record growth in transactions not only validates our sales and marketing strategy with a focus on B2B merchants, but is a strong indication that we are fast becoming the payment platform of choice for cryptocurrency,” stated Clayton Moore, Founder & CEO of NetCents Technology. “Our rapid growth coupled with our product advancements indicate that 2020 will be an exceptional year. I’m thrilled to continue building the future of cryptocurrency payments with our team.”

The Company continues to experience growth on multiple fronts including B2B payments and merchants globally. In 2020, the Company has been laser-focused on streamlining and enhancing the merchant experience to continue to drive mass adoption of cryptocurrency as a payment method. The Company’s efforts in making the NetCents interface to look and feel like traditional merchant payment platforms has resulted in merchants quickly onboarding and using the merchant gateway for transactions. The Company has experienced this rapid growth because merchants are finding that NetCents relieves a bottleneck in their payment capabilities. Therefore – new merchants are generating many larger crypto transactions concurrent with completing the onboarding process. Additionally, the automation of the NetCents onboarding process has contributed to the number of accounts that can be onboarded on a monthly basis. This is another contributing factor to the recent growth.

In 2020, the length of time between merchant approval and merchant transacting has dropped significantly, and the Company has witnessed that 20% of merchants are completing a transaction on their first day.