Vancouver, British Columbia–(Newsfile Corp. – September 10, 2019) – NetCents Expertise Inc. (CSE:NC) (OTCQB:NTTCF)(“NetCents” or the “Firm”)c is happy to difficulty a letter to shareholders from the CEO, Clayton Moore.
Pricey Fellow Shareholders,
Since launch, we boldly engineered an strategy that mitigated the danger and volatility for retailers and shoppers to undertake a brand new transactional medium. We seamlessly built-in cryptocurrency processing whereas making certain we motivated these two key teams, who together with you, are the pillars of our development.
We knew to get early buy-in required a brand new degree of protocols to guard in opposition to fraud and identification theft whereas assembly a regulatory self-discipline to take care of the integrity of our system. We created belief with shoppers and a seamless and intuitive service provider terminal-enabled consumer expertise for getting, promoting and transacting with cryptocurrencies.
We’ve been aggressive over the previous two-plus years constructing an agile service provider gateway community. And, as we all the time believed, “if we construct it, they are going to come,” and are available they’ve. In the present day, we’re being equally aggressive in what comes subsequent.
By most key measures, NetCents’ Service provider Gateway has been successful. Transaction quantity, common transaction worth, processing quantity, and new service provider sign-ups numbers inform a compelling story. In Might, we introduced a median 41% month-over-month enhance in processing quantity and a projected 40% month-to-month development price. We additionally projected we’d surpass a 2020 first calendar quarter with a CAD 2 million month-to-month processing quantity. We’re on tempo to achieve this goal based mostly on 2019 processing charges.
August processing quantity was 539% better than February – taking us lower than 5-days to surpass all the earlier month. It wasn’t an anomaly; it was a technique. We now have to M.A.P (Service provider Acquisition Program) our subsequent steps to encourage extra service provider participation and better client profit.
On this latter half of 2019 and thru 2020, NetCents can be taking a tailor-made three-pronged strategy. First, we’re putting a relentless concentrate on gross sales and advertising and marketing; second, we anticipate launching a branded bank card and third, we’re chopping value and creating ease for cross-border remittance.
Core to what we do is market our model to reinforce our gross sales funnel and construct aggressive benefit and market share. We’ve been driving consciousness via on-line digital promoting and have powered 32 Accomplice agreements permitting integration to over 26-million terminals throughout worldwide retailers. We undertook trials in key cryptocurrency fee markets enabling a 30% result in shut and a 10% activation price that in flip is driving month-to-month processing volumes.
Our gross sales strategy is equally aggressive. Beginning in September, our new top-tier inner gross sales crew is tasked with including 15 enterprise retailers that course of over USD 20 million per yr in gross sales with a month-to-month baseline of $100,000 cryptocurrency transactions. The crew advancing M.A.P. provides an evaluation of tens of 1000’s of companies throughout North America, Europe, and Australia rating them in opposition to a scoring system, personalizing their outreach message by enterprise or vertical and launching an academic content material program on their respective market traits and NetCents’ merchandise and packages.
We’re additionally arming our gross sales crew with an necessary instrument. NetCents’ cryptocurrency bank card. Anticipated to launch in 2020 with Canadian NetCents clients, our bank card will allow worldwide entry at over 40-million retailers providing Visa.
We imagine this launch is a very aggressive characteristic of the NetCents provide. Not like different bank cards, the NetCents Visa will not be pay as you go, doesn’t require customers to liquidate cryptos and it converts crypto or fiat spend on the spot. Use the cardboard every time, wherever, we handle all the things else.
When pioneering new fee know-how with extra conventional fee techniques there will be surprising challenges. The Visa card program has confirmed to be simply that. NetCents takes nice delight in overcoming hurdles and with out query, our crew will overcome this Visa delay.
We’re excited by the prospect of empowering extra shoppers with the benefit of crypto buy. And we’re inspired by the insights we’ll achieve from real-time, real-life cryptocurrency bank card transactions. Whereas sustaining strict requirements for information safety and making certain full regulatory privateness compliance, we’ll lastly have empirical information to supply clear insights on cryptocurrency spending and desire habits.
Ambiguous, unqualified information presently driving trade evaluation and commentary can be changed. It would permit data-driven decision-making to develop into a aggressive benefit all through our gross sales funnel. It would additionally activate our proprietary evaluation to place NetCents as an trade and thought chief.
As we hone focused insights throughout verticals, markets, and retailers, we anticipate hesitancy surrounding the adoption of cryptocurrency as a fee possibility to say no. Moreover, with in-market scale, it’s cheap to anticipate the cascading impact of decreases in service provider transaction charges over conventional fee strategies; elimination of chargebacks; will increase in common order measurement; and enlargement of retailers into the worldwide cryptocurrency market which is predicted to be value US 6702.1 mn by the tip of 2025.
The ultimate prong in our 2019/2020 technique is to cut back the price of remittance, changing the present monetary providers trade’s centralized enterprise mannequin. The worldwide remittance market is predicted to achieve USD 715 billion in 2019. As this market grows, blockchain and cryptocurrency are poised to overshadow the standard clearing buildings permitting for quicker and cost-efficient options. Beginning in September, leveraging the NC Alternate and Person Portal, NetCents together with our first Remittance Accomplice we’ll start processing cross-border remittance funds.
We’re grateful and inspired by your continued assist. And we’re humbled by the arrogance from our service provider companions, gross sales associates, advisors and others who’re serving to us fine-tune our market provide. It sounds easy in its strategy. In some methods it’s. We stay assured that if we preserve clients and retailers as our pillars in constructing what comes subsequent, we are able to ship effectivity, transparency, acceptance, and motion.
NetCents Expertise Inc. (CSE:NC) (OTCQB:NTTCF), the transactional hub for all cryptocurrency funds, equips forward-thinking companies with the know-how to seamlessly combine cryptocurrency processing into their fee mannequin with out taking up the danger or volatility of the crypto market. NetCents Expertise is registered as a Cash Providers Enterprise (MSB) with FINTRAC.
Cautionary Notice Concerning Ahead-Wanting Info
This launch consists of sure statements that could be deemed “forward-looking statements”. All statements on this launch, apart from statements of historic info, that handle occasions or developments that the Firm expects to happen, are forward-looking statements. Ahead-looking statements are statements that aren’t historic info and are typically, however not all the time, recognized by the phrases “expects”, “plans”, “anticipates”, “believes”, “intends”, “estimates”, “tasks”, “potential” and related expressions, or that occasions or circumstances “will”, “would”, “could”, “might” or “ought to” happen. Though the Firm believes the expectations expressed in such forward-looking statements are based mostly on cheap assumptions, such statements usually are not ensures of future efficiency and precise outcomes could differ materially from these within the forward-looking statements. Elements that might trigger the precise outcomes to vary materially from these in forward-looking statements embody regulatory actions, market costs, and continued availability of capital and financing, and basic financial, market or enterprise circumstances. Buyers are cautioned that any such statements usually are not ensures of future efficiency and precise outcomes or developments could differ materially from these projected within the forward-looking statements. Ahead-looking statements are based mostly on the beliefs, estimates, and opinions of the Firm’s administration on the date the statements are made. Besides as required by relevant securities legal guidelines, the Firm undertakes no obligation to replace these forward-looking statements within the occasion that administration’s beliefs, estimates or opinions, or different components, ought to change.
Please go to the corporate’s web site at www.net-cents.com. For a free report on NetCents Expertise Inc. (CSE:NC) (OTCQB:NTTCF) go to cryptocurrencynews.com.
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