VANCOUVER / ACCESSWIRE / June 25, 2014 / NetCents Systems Ltd., ("Netcents") would like to announce that it has reached an agreement in principle to be the exclusive transaction processor for a locally based crypto-currency (BitCoin) company. While final details have to be formalized, the platform integration process has begun.
In only a few short months, this company has developed its own crypto-currency, opened a datacenter for Bitcoin mining, secured over 10 terahashes in Bitcoin mining equipment and is launching their own Bitcoin exchange. This agreement not only means netCents will be the exclusive transaction processor but NetCents users, when they log into their accounts will have both cash balances and bitcoin balances.
The use and acceptance of digital currencies is growing rapidly as major mainstream retailers integrate the required protocols to accept them. As an example, two of the largest e-commerce sites, overtsock.com and tigerdirect.com now accept Bitcoin as do Home Depot, CVS, Kmart, Sears and Amazon.
Digital currencies represent the future of mobile and online transactions. But underlying the movement to digital transactions is the need for users to load their "digital wallets" which still requires a money transfer of some form. This is where NetCents is extremely well positioned to enable these transactions to occur in a secure risk free environment.
This agreement will ideally position Netcents to not only serve the current traditional cash based payment processing sector but to also capture the growth in the crypto-currency.
NetCents is a non credit card based, integrated, international financial transaction hub that delivers a 100% secure, self-administered and anonymous payment system developed for the purpose of making safe online purchases and money transfers.
The NetCents technology works in harmony with existing banking platforms. Triggered by a valid email address, it provides a real-time, two-way flow of funds over the web while protecting users from identity theft or credit card fraud and can significantly reduce transaction costs for Merchants and consumers.
NetCents provides the merchant with the means to connect with all consumers whether or not they hold direct access to a credit card.
Except for the historical information contained herein, the matters discussed in this press release are forward-looking statements. Actual results may differ materially from those described in forward-looking statements and are subject to risks and uncertainties. There are many specific factors that may cause actual results or events to differ materially from those described in the forward-looking statements.
For further information please contact:
Clayton Moore, CEO
On the web at www.net-cents.com