NetCents Technology (CSE:NC) has announced that it has gone live with merchants and is actively processing cryptocurrency transactions.
As quoted in the press release:
The company is now working on completing the onboarding process for the first phase merchants who have signed up to use the NetCents Merchant Gateway. With the Company’s current signed contracts, the Company has access to over 80,000 merchants in its pipeline.
“The successful start of live transactions was the final piece of the puzzle to prove that the NetCents platform is ready to become the backbone of cryptocurrency processing worldwide,” stated Clayton Moore, CEO of NetCents Technology. “With 80,000 merchants in our pipeline, coupled with the new contracts we are working on, NetCents is poised to become the go-to merchant solution for cryptocurrency payments.”
The first batch of merchants using the NetCents Merchant Gateway went live over a week ago and have successfully been processing transactions using the Company’s Instant Settlement process. Processing has increased from one transaction every 72 minutes over the first weekend to one transaction every five minutes, representing a processing increase of 1,340% in a matter of days.
All of the transactions processed to date have been completed using the NetCents Instant Settlements process, providing merchants guaranteed protection against market-volatility and liquidity issues associated with cryptocurrency processing. Instant Settlements solved these gating items that have prevented cryptocurrencies from truly become mainstream and used for everyday payments, paving the way for merchant adoption.