NetCents supports merchants in 55 countries after cryptocurrency payment hub’s expansion

Merchants in China, Japan, Australia, the Caribbean, South America, the European Union, England and India have the ability to accept crypto payments with no volatility risk, says the company

An illustration for cryptocurrency
Merchants have access to 8,000 banks through cryptocurrency hub

NetCents Technology Inc (CSE:NC) said Tuesday that it has completed the expansion and now supports merchants in 55 countries and 36 legal tender currencies.

The cryptocurrency payment hub said in a statement that merchants in China, Japan, Australia, the Caribbean, South America, the European Union, England and India have the ability to accept crypto payments with no volatility risk. The merchants have access to more than 8,000 banks internationally, according to NetCents.

“This is a huge leap forward for the company and for our partners,” NetCents Clayton Moore said. “We're excited to continue the Company's expansion into new markets."

READ: NetCents approved for trading on OTCQB

NetCents added that it’s now able to provide cryptocurrency payment solutions to merchants in all supported countries with settlement in their local currencies.

Through the NetCents platform, according to the company, merchants can settle funds directly into their bank accounts without intermediaries.

Shares of NetCents dropped C$0.06 to C$1.16 in Monday’s Canadian trading.

On Monday, the Vancouver-based company said it has been approved for trading on OTC Markets Group Inc’s OTCQB exchange.

Contact Dennis Fitzgerald at dennis@proactiveinvestors.com


Quick facts: NetCents

Price: 0.98 CAD

Market: CSE
Market Cap: $79.35 m

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