Flachsmann is a senior attorney at GHM Partners AG focusing on legal, tax, and fiduciary matters. Previously, he was an attorney at the firms of Weidmann Rudolf & Partner and Lichtsteiner Rechtsanwaelte. He also worked at the Civil Court of the Canton of Zug, Switzerland.
NetCents noted that he has lived and worked in Zug, Switzerland, for almost his entire career. Zug is a highly respected hub for legal and technology matters relating to the growing cryptocurrency industry.
"I have been watching the cryptocurrency and blockchain industry mature for the last few years, but I think that 90% of the growth is still to come," Flachsmann said in a statement. "I am very excited to bring my unique experience, legal skillset, and connections to NetCents."
CEO Clayton Moore said Flachsmann “will bring a unique dimension to our advisory board and add immensely to our capabilities to react to a very dynamic landscape.”
He added: "The taxation considerations of cryptocurrency are extremely complicated. Having someone as well versed as Mr Flachsmann will give us a strategic edge in winning the large international corporate customers we are now soliciting."
NetCents said it is continuing the buildout of its European presence, including operational, banking, and sales services.
"Europeans are more focused on having financial capabilities that aren't tied directly to government agencies,” Moore said. “They are more open to the cryptocurrency products we are building, so we are going to capitalize on that momentum.”
Hires investor relations firm
NetCents also revealed that it has engaged FXCT Media Inc for investor relations services and they will be paid US$190,000 for a term of 12 months.
FXCT is a digital marketing agency specializing in online investor awareness for publicly traded companies. It reaches a broad range of investors and institutions through highly targeted placement on financial media platforms.
NetCents, based in Vancouver, equips forward-thinking businesses with the technology to seamlessly integrate cryptocurrency processing into their payment model without taking on the risk or volatility of the crypto market.
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