NetCents Technology Inc., the cryptocurrency payments specialist, adds the US to its NetCents Cryptocurrency Credit Card Program.
The ability to offer daily settlements eliminates a key pain point for enterprises using crypto as a form of payment by speeding up the payment process. This approach, in turn, paves the way for mainstream adoption.
According to CEO Clayton Moore, NetCents is “laser focused” on streamlining and improving the merchant experience to foster mass crypto adoption in everyday purchases and build trust in digital payments.
The startup has decided to simultaneously launch the credit card program in Canada and the US due to the overwhelming prelaunch interest from US-based cryptocurrency holders.
By including the US to the credit card program prior to launch, NetCents will now be able to simplify the technical development effort and management of the program while massively increasing the potential card program user base.
Details of the Cryptocurrency Credit Card Program
NetCents, with its credit card program, now empowers users to choose from up to three cryptocurrencies for their expenditure. The tech startup has created the methodology and technology infrastructure to enable cardholders to spend several digital assets in a single transaction automatically.
One distinctive feature of the new NetCents card that sets it apart from other prepaid crypto cards used today is that NetCents cardholders won’t be required to have to pre-load cryptocurrency onto their card.
The newly-rolled out Crypto Card is directly linked to users’ NetCents wallets, ensuring that cardholders can effortlessly spend the digital coins in their wallet.
Moore was excited about the imminent credit card launch, claiming that it represents the most seamless bridge between the $200+ billion crypto asset class and all of the dealers that accept credit cards.
NetCents Championing Crypto Adoption
Earlier this year, NetCents Inc. launched daily settlements for businesses in the US that process about $100K each month in crypto transactions.
After a positive pilot period, and incorporation into the banking Automated Clearing House (ACH) that allows sanctioned merchants to transfer funds at no extra charges, the tech company rolled out the daily settlements capability to all US-based merchants.