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NetCents Technology plans to expand merchant online payment processing to 60 countries

The company says it is focusing on using blockchain technology to capitalize on the migration to digital currency from cash
A drawing representing blockchain
Blockhain-focused online payment processor NetCents plans to support payouts in more than 30 currencies

Online payment processor NetCents Technology Inc said Wednesday that it plans to expand its merchant reach to more than 60 countries and support payouts in over 30 currencies.

The Vancouver-based company said that it will be able to provide cryptocurrency payments to merchants in supported countries with settlements in local currencies. NetCents focuses on using blockchain technology to capitalize on the migration to digital currency from cash.

READ: NetCents' technology gets a boost as it enters reseller deal with Kubera Payments

"Our new partnerships and merchant marketing campaign are generating inquiries from outside North America,” NetCents CEO Clayton Moore said in a statement.

“The need to provide support to those countries is critical to the company's strategic expansion.”

Supported countries or regions include North America, England, the Caribbean, South America, Australia, China, the European Union, Hong Kong, India, Indonesia, Japan, Malaysia, South Africa, Thailand, the Philippines, Turkey and Vietnam.

Shares of NetCents were unchanged at C$0.98 in midafternoon trading in Canada on Wednesday.

Last week NetCents said it struck a reseller agreement with Vancouver-based Kubera Payments related to its cryptocurrency merchant gateway.

Contact Dennis Fitzgerald at dennis[email protected]

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