NetCents Technology Inc., a Vancouver-based firm that makes it possible for users to pay with cryptos or exchange currencies, has signed an exclusive Enterprise Licensing Agreement with Post Socratic Ventures (PSV) and has also adopted bitcoin cash, according to a press release by the firm on August 27, 2018.
As stated in the press release, the three-year exclusive enterprise licensing agreement with Post Socratic Ventures (PSV) would enable PSV to leverage the instant settlement feature of NetCents to mitigate the crypto volatility risks for its clients.
The alliance would also enable PSV to integrate the NetCents crypto payments processing system into the operations of their merchants in the Caribbean, including nations like Anguilla, Antigua, the Bahamas, Cayman Islands, Cuba, and others.
“We selected the NetCents platform due to their Instant Settlement capability, eliminating the volatility risk for our merchants,” noted the Director of Communication at Post Socratic Ventures.
PSV was created by a team of veterans in the payments, blockchain, tourism and telecommunications industries. They claim to have developed highly functional online payment systems, POS terminal applications, end-to-end encryption systems and more, for clients in various countries of the world.
Bitcoin Cash Integration
According to the statement, PSV claims to have seen a pent-up demand for bitcoin cash from its merchants and partners in the gaming, tourism, crypto tourism and hospitality industries in the Caribbean region.
Amidst that backdrop, they requested that NetCents integrate bitcoin cash into the NC Exchange to enable clients to make deposits, withdrawals and trade the BCH altcoin for fiat as well as other cryptos supported by the platform, with other NC Exchange users.
That’s not all; the team has also hinted that in the second phase of the BCH integration, the coin will be added to the NetCents Merchant Gateway and would make it possible for BCH holders to use it for purchases at participating NetCents Merchants.
The release stated:
“We are confident that NetCents is the perfect partner due to their game-changing platform and their addition of Bitcoin Cash to the platform to service demand from our current partners.”
Hard forked from the world’s pioneer cryptocurrency, bitcoin in August 2017, bitcoin cash claims to be the ultimate solution for the scalability challenges that has plagued bitcoin in recent times.
Though the altcoin has come under constant criticism from the proponents of bitcoin, it has refused to buckle.