The transfer will give the company a streamlined and cost-effective system for combining the capabilities of the cryptocurrency and the Visa platform.
Know-how Inc () (OTCQB: NTTCF), a cryptocurrency fund applied science company, revealed on Tuesday that it has joined Inc’s highly successful Fintech Quick Monitor program () to push its card to the markets American and Canadian.
By becoming a member of this system, the Vancouver-based company mentioned that it could take advantage of what has been synonymous with digital funds for almost 4 years. NetCents has identified that the transfer will allow it to further leverage the “reach, capabilities and security” of VisaNet, one of the world’s largest high-speed digital funds networks.
In addition, NetCents will now be able to deploy the Visa NetCents card to its customers in North America and expand into other geographic markets. The company was able to launch the NetCents credit card program to customers in Canada, but stalled that program when it noticed the option of working directly with Visa.
READ: NetCents surpasses $ 4 million in month-to-month processing amount in July, which is 100% growth from February 2020 amount
“Since we pivoted NetCents in 2017 to cryptocurrency transactions, our mission has been to create efficiency in the trading of monetary transactions,” NetCents CEO Clayton Moore said in a statement. hurry.
“Having a direct relationship with Visa allows us to have essentially the most streamlined and cost-effective system for combining the capabilities of the cryptocurrency and the Visa platform. We want a prolonged and fruitful collaboration, ”he added.
Unlike the various pay-as-you-go cryptocurrency playing cards, NetCents cardholders should not preload cryptocurrency onto their playing cards, thereby eliminating the potential misplaced appreciation caused by the increase in prices. crypto values between when they load their card and actually spend their digital money. As an alternative, the NetCents cryptocurrency bank card is directly linked to NetCents pockets, allowing cardholders to spend cryptocurrency out of their pockets.
The company has developed the expertise of cardholders to robotically perform a single bank card transaction across a number of cryptocurrencies.
“By becoming a member of Visa’s Quick Monitor program, exciting fintechs like NetCents gain unprecedented entry into Visa’s specialists, expertise and sources,” added Terry Angelos, Senior Vice President and Global Head of FinTech at Visa. “Quick Monitor allows us to present new sources that rapidly growing businesses need to scale efficiently. “
Contact writer Uttara Choudhury at [email protected]
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