NetCents Technology Inc. (CNSX: NC), the Vancouver-based online payments platform has announced its partnership with the leading European Bitcoin exchange BitStamp. The partnership will provide NetCents access to the European market.
The company in its latest press release states that its collaboration with BitStamp will also make it possible for its users to use digital currency on its platform more efficiently than before. This partnership is also a vital ingredient of the company’s global expansion plans, one continent at a time.
“We are extremely excited about this integration with European powerhouse, BitStamp. This is another important milestone in our ongoing global expansion and a key part of our business development strategy in broadening our services with leading blockchain groups… NetCents will leverage this relationship to continue growing our digital currency options. We are committed to solidifying a robust, worldwide digital assets ecosystem that is secure, transparent, and regulated.”
NetCents Makes Accepting Bitcoin Payments Convenient and Secure
NetCents is known for its blockchain technology based payment gateway solution which offers a plethora of features to its customers. Starting from easy integration using the company’s readily available merchant APIs, the platform offers a secure channel for the merchants to receive funds without having to worry about chargebacks and frauds. The use of blockchain technology ensures that all the transaction records are stored on the distributed ledger, ensuring compliance and easy verification. The NetCents payment gateway solution also protects the merchants from the price volatility of Bitcoin by immediately converting the incoming bitcoin payments into cash, to be paid out to later to the recipient.
Unlike other Bitcoin exchanges operating in the European Union, BitStamp is a licensed financial services company with the permission to operate in 28 countries across the European Union. The platform received the Payments Institution License from the Luxembourg Ministry of Finance earlier this year, which has come into effect in the recent days.
Following the partnership with BitStamp, NetCents now intends to launch new, innovative services in this quarter. It is worth waiting to see how the partnership will drive the growth of NetCents’ user base and revenues in the coming days and whether the usage of digital currency for regular transactions is going to pick up as expected or not.
Ref: Yahoo Finance | Image: NetCents