Why the Infusion of Blockchain Technology is Revolutionizing Electronic Payment Marketplace
Palm Beach, FL – (December 4, 2018) – Blockchain technology continues to dominate the e-marketplace as digital merchants leverage the technology to maximize efficiency when it comes to collecting and processing online payments. This is allowing merchants to expand operations and enter into transactions with parties across borders, creating opportunities for enhanced revenue streams. Blockchain facilitates fast, secure, low-cost international payment processing services via the use of encrypted distributed ledgers that provide trusted real-time verification of transactions without the need for intermediaries such as correspondent banks and clearing houses. Although Blockchain technology was initially used to support Bitcoin, it is now being explored for a wide variety of applications well beyond cryptocurrency. According to data from IBM, up to 65% of banks are expected to be leveraging blockchain for online payments and investments by 2020, illustrating an extremely high growth rate over the next two years. Active tech companies in the markets this week include NetCents Technology Inc. (CSE:NC) (OTC:NTTCF), PayPal Holdings Inc. (NASDAQ:PYPL), Square Inc. (NYSE:SQ), Net Element Inc. (NASDAQ:NETE), Fiserv Inc. (NASDAQ:FISV).
NetCents Technology Inc. (CSE:NC) (OTC:NTTCF) (Frankfurt:26N) BREAKING NEWS: NetCents Technology is pleased to announce that the Company has experienced a 206% increase in direct merchant sign-ups in the last quarter.
In addition to the merchants signed up through the Company’s Partnership Programs, the Company has now had 387 direct merchant sign-ups. Over the past quarter, the sign-up rate has continued to increase each month and the Company anticipates that this trend will continue.
With this continued growth, the Company is beginning to see the increase in merchant confidence and acceptance of cryptocurrency as a method of transacting through our Instant Settlement program and merchant gateway. Accompanying this increase in confidence, the Company anticipates that it will continue to see a 200 – 500% growth per quarter in the upcoming year through both direct and partner merchant sign-ups.
“It’s great to see all of our hard work starting to coalesce,” said Clayton Moore, CEO of NetCents Technology. “We have spent the last year laying the groundwork to become the underlying technology to drive cryptocurrency payments and it is starting to take off.”
In addition to the direct merchant sign-ups, the Company has obtained merchant sign-ups through its recently announced partners. In August, the Company launched its Partner Programs and to date, the Company has announced eight major partnerships. Through these partnerships, the Company has direct access to hundreds of thousands of merchants that these partners currently have in their portfolio and have begun onboarding their merchants to the NetCents platform and these merchants are now accepting cryptocurrency.
To continue to drive merchant and user acceptance, the Company is working directly with its merchants and partners on educating, and marketing to, their customer-base to increase user adoption rates and grow the Company’s revenue. Read this and more news for NetCents at: https://financialnewsmedia.com/news-nc/
Other recent developments in the tech industry include:
PayPal Holdings Inc. (NASDAQ:PYPL) recently announced it has completed its acquisition of Hyperwallet for approximately $400 million USD. This transaction will strengthen PayPal’s payout capabilities and enhance PayPal’s ability to provide an integrated suite of payment solutions to ecommerce platforms and marketplaces around the world. “Ecommerce platforms and marketplaces have been focused on creating frictionless experiences for sellers to accept payments from buyers – an area where PayPal and Braintree have really innovated, powering many of the world’s largest and most noteworthy marketplaces,” said Bill Ready, chief operating officer, PayPal. “We look forward to working with Brent and the Hyperwallet team to strengthen our platform with advanced payout capabilities as we build on our aspiration to serve the digital economy with a full operating system for commerce.”
Square Inc. (NYSE: SQ) recently announced it launched employee benefit offerings within Square Payroll, providing small businesses who use Square Payroll access to quality, affordable benefits like health insurance and retirement savings. Benefits are flexible, easy-to-use, and seamlessly integrate with the rest of Square Payroll, removing the administrative complexity businesses typically face with offering benefits. In addition to providing businesses a new tool that can attract and retain world class talent, certain employee benefits can even save businesses money by reducing their payroll tax burden, at no out of pocket cost. “With today’s launch, Square Payroll is giving small businesses access to ‘big company’ benefits,” said Caroline Hollis, Head of Square Payroll. “We’re empowering businesses to provide their employees a comprehensive set of benefits and the financial security that comes with having them.” Benefits available through Square Payroll include health insurance, retirement savings, pre-tax spending, and workers’ compensation. To provide these benefits to businesses and their employees, Square Payroll partnered with innovative, technology-focused partners including SimplyInsured, Guideline 401(k), Alice, and AP Intego Insurance Group that offer high quality products at affordable prices. Through Square Payroll, any business owner can select the specific benefits that fit their business and their budget — whether that’s one or all of the available options.
Net Element Inc. (NASDAQ:NETE) announced on Monday that it won two categories at ACQ5 Global Awards 2018 and that its CEO Oleg Firer was named “Gamechanger of the Year”. The ACQ5 Global Awards celebrate the achievement, innovation, and brilliance of outstanding organizations and individuals across the globe. Chosen by members of the industry itself, award winners selected from more than 75,000 nominations include industry leaders, eminent individuals, exemplary teams, and distinguished firms who have had the greatest impact in their industry and represent the benchmark of achievement, professionalism and best practices. “Our goal at Net Element is to be exactly as represented by the award we won – a gamechanger for the payments services industry by providing our merchants with seamless multi-channel payment solutions, value added services and creating value for our shareholders,” said Oleg Firer, CEO of Net Element. “We are honored and proud to be recognized by ACQ5 Global for the work we’re doing.”
Fiserv Inc. (NASDAQ:FISV) recently announced the results of a survey revealing insights into the implementation of open banking initiatives by banks in the U.K., Poland, France and Australia. To date, banks have primarily focused on compliance, with only 42 percent of respondents (and just 24 percent in Australia) saying their strategy for open banking goes beyond day one. However, some banks are beginning to leverage open banking for strategic initiatives such as improving customer service. Banks are united in the belief that open banking will have an impact on financial activities, with 67 percent expecting at least a moderate impact, and 27 percent of those saying open banking will completely change how customers manage their finances and interact with their banks. Across geographies, financial institutions report difficulty recruiting engineering talent for open banking projects, and many say they lack enough personnel and the necessary skill sets to stay or become complaint. The majority of banks that are already compliant say they would have executed differently knowing what they know now.
DISCLAIMER: FN Media Group LLC (FNM), which owns and operates FinancialNewsMedia.com and MarketNewsUpdates.com, is a third party publisher and news dissemination service provider, which disseminates electronic information through multiple online media channels. FNM is NOT affiliated in any manner with any company mentioned herein. FNM and its affiliated companies are a news dissemination solutions provider and are NOT a registered broker/dealer/analyst/adviser, holds no investment licenses and may NOT sell, offer to sell or offer to buy any security. FNM’s market updates, news alerts and corporate profiles are NOT a solicitation or recommendation to buy, sell or hold securities. The material in this release is intended to be strictly informational and is NEVER to be construed or interpreted as research material. All readers are strongly urged to perform research and due diligence on their own and consult a licensed financial professional before considering any level of investing in stocks. All material included herein is republished content and details which were previously disseminated by the companies mentioned in this release. FNM is not liable for any investment decisions by its readers or subscribers. Investors are cautioned that they may lose all or a portion of their investment when investing in stocks. For current services performed FNM has been compensated forty nine hundred dollars for news coverage of the current press releases issued by NetCents Technology Inc. by a non-affiliated third party. FNM HOLDS NO SHARES OF ANY COMPANY NAMED IN THIS RELEASE.
This release contains “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E the Securities Exchange Act of 1934, as amended and such forward-looking statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. “Forward-looking statements” describe future expectations, plans, results, or strategies and are generally preceded by words such as “may”, “future”, “plan” or “planned”, “will” or “should”, “expected,” “anticipates”, “draft”, “eventually” or “projected”. You are cautioned that such statements are subject to a multitude of risks and uncertainties that could cause future circumstances, events, or results to differ materially from those projected in the forward-looking statements, including the risks that actual results may differ materially from those projected in the forward-looking statements as a result of various factors, and other risks identified in a company’s annual report on Form 10-K or 10-KSB and other filings made by such company with the Securities and Exchange Commission. You should consider these factors in evaluating the forward-looking statements included herein, and not place undue reliance on such statements. The forward-looking statements in this release are made as of the date hereof and FNM undertakes no obligation to update such statements.
Media Contact email: email@example.com – +1(561)325-8757