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Netcents Technology Inc NTTCF

NetCents Technology Inc. is a Canada-based company, which offers merchants, partners, and users an entire cryptocurrency ecosystem by providing full payment integration, instant settlements, and security. It provides eCommerce Payments, In-Store Payments and Instant Settlements. The eCommerce Payments, which includes shopping cart plugins, hosted payment page, API integrations or via email with invoicing. It also provides a transactional hub for all cryptocurrency payments, equips forward-thinking businesses with the technology to seamlessly integrate cryptocurrency payments into their business without taking on the risk or volatility of the crypto market. It supports merchant cryptocurrency transactions in 55 countries and 33 fiat currencies.


GREY:NTTCF - Post by User

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Post by higherhighson Jul 22, 2020 8:28am
315 Views
Post# 31300667

NETCENTS TECHNOLOGY received totalling $1.4-billion (U.S.)

NETCENTS TECHNOLOGY received totalling $1.4-billion (U.S.)
NETCENTS TECHNOLOGY PROVIDES FURTHER DETAILS OF CREDIT FACILITY

NetCents Technology Inc. has provided further information regarding the institutional credit facility that it received totalling $1.4-billion (U.S.) to power merchant settlements.

NetCents has partnered with Bison Digital LLC, backed by BKCoin Capital LP, to use its merchant order flow as a supply for a short-term crypto portfolio. The credit facility will enable NetCents to have money in the market over an extended period and profit from arbitrage opportunities. The earnings from this arbitrage will ultimately allow NetCents to reduce fees to its client base.

"In the short time we've been working together, NetCents has quickly become our most strategic partner for cryptocurrency advisory," stated Kevin Kang, founding principal and chief investment officer of BKCoin Capital. "We look forward to continuing to develop this relationship as its volume continues to grow rapidly, leveraging our depth and experience in managing and trading multiasset portfolios to drive a new profit centre for all parties."

BKCoin Capital is a digital assets quantitative hedge fund, dedicated to delivering consistent, uncorrelated absolute returns through market-neutral, long/short, arbitrage strategies. The team has over 45 years of wide-ranging experience on Wall Street, including managing and trading over $40-billion of multiasset portfolios at several of most established financial institutions, such as AllianceBernstein, Evercore ISI, JPMorgan, Merrill Lynch and other hedge funds.

"As NetCents grows its already impressive merchant base, upcoming product offerings such as the NetCents cryptocurrency credit card will drive growth in order flow that will supply the short-term crypto portfolio," stated Carlos Betancourt, co-founder and managing partner of Bison Digital. "We anticipate quickly outgrowing our $5-million daily credit facility and will look to expand."

Bison Digital is a fintech company that provides a venue for exchanges, payment processors and other corporations looking for liquidity in the cryptocurrency market. The firm aggregates liquidity from some of the world's biggest exchanges, over-the-counter desks and other liquidity providers under a single API (application programming interface).

"I believe that our dedication to developing best-in-class solutions has facilitated the institutional relationships we are using to grow opportunities in the blockchain and crypto space. I look forward to scaling the business we have built through these strong partnerships," stated Clayton Moore, founder and chief executive officer of NetCents Technology.

About NetCents Technology Inc.

NetCents Technology, the transactional hub for all cryptocurrency payments, 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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