The company, NetCents Technology offers a next-generation online payment processing platform, providing consumers and merchants online services for managing electronic payments. The Company is focused on capturing the migration from cash to digital currency by utilizing innovative Blockchain Technology to provide payment solutions that are simple to use, secure and worry-free. NetCents works with its financial partners, mobile operators, exchanges, etc., to streamline the user experience of transacting online.
The new NetCents Card does not require pre-loading of cryptocurrency. This avoids the risk of fluctuation of cryptocurrency value between the time of loading and spending. Cardholders can directly link the card to their NetCents wallets, which facilitates direct spending of the cryptocurrency available in the wallet. The cryptocurrency credit card will enable users to choose up to three cryptocurrencies for spending. Furthermore, The NetCents Card will be able to be used anywhere, at over 40 million merchants worldwide, that Visa or Mastercard are accepted.
NetCents is planning to convert the funds from cryptocurrency to fiat by using its merchant Instant Settlement technology. This will allow the new cryptocurrency credit card members to make purchases and merchant payouts in real-time. The company will launch the credit card in Canada in the fourth quarter of this year and in Europe early next year. In addition, NetCents added that is also working on a solution for the US.
If NetCents Technology can deliver and get a lot of consumers to user their cryptocurrency credit card, this will for sure push mass-adoption of cryptocurrencies in the right direction. The future is looking bright!