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NetCents approved for trading on OTCQB

CEO and founder Clayton Moore says the timing is right for a cross listing in the US

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Based in Vancouver, NetCents is a transactional hub for cryptocurrency payments

NetCents Technology Inc (CSE:NC) (Frankfurt:26N) (OTCQB:NTTCF) has been approved for trading on the OTC Markets’ “QB” exchange under the ticker NTTCF.

The online payment processor with a crypto focus is also listed on the Canadian Securities Exchange and the Frankfurt Stock Exchange.

When kicking off the application to list on the OTCQB last January, CEO and founder Clayton Moore said the timing is right for a cross listing in the US.

READ: NetCents kicks off formal application process to list on the OTCQB exchange

"We have been planning to cross-list for quite a while but have been waiting until we established a footprint in the US,” said Moore. “And now, with all of our signed US-based agreements along with the enhancements and platform functionality, the timing is now right for our formal entry into the US market.”

NetCents is still awaiting approval for the DTC settlement process and expects that this will be completed in the next two weeks.

READ: NetCents introduces new tech that eliminates delays in blockchain transactions

Based in Vancouver, NetCents is an online payment processing platform as well as a transactional hub for cryptocurrency payments.

The company recently introduced its Zero Confirmation and Risk Analysis technology which validates cryptocurrency transactions before they are confirmed on the blockchain.

The company will license the technology to cryptocurrency payment processors, retailers and other businesses that are looking to clear a transaction before it is confirmed on the blockchain.

There are currently over 287,000 blockchain transactions per day that this technology can be applied to, according to NetCents.

NetCents shares slipped C$0.06 to finish at C$1.16 in Canadian trade on Monday.

 

Quick facts: NetCents

Price: 1.01 CAD

CSE:NC
Market: CSE
Market Cap: $81.78 m
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