Canadian-based online payment processing platform NetCents Technology Inc. has launched Instant Settlements service worldwide to provide merchants the world over guaranteed protection against market-volatility and liquidity matters related to processing digital currency transactions, according to a press release CoinReport received from NetCents’ PR firm, Clarity.
The company will at first offer the service for bitcoin, litecoin, ether [and the NetCents Coin]. More digital currencies will be included over time.
Through the service, merchants can benefit from lower fees and faster processing, says the release, adding they will also be able to leverage the liquidity of “crypto-to-fiat or crypto-to-crypto” settlement without having to be bothered by the price fluctuations integral with digital currencies.
With the NetCents Merchant Gateway, price volatility of cryptocurrencies such as bitcoin, litecoin or ether will have no effect on the merchants. In principle, it will allow digital currencies to mirror conventional payment approaches in ease and serviceability. Merchants will be in a protected spot to eventually be distant from the form of payment chosen by customers, be it fiat or digital currency.
NetCents CEO Clayton Moore said in the release we received, “I am proud to say that we have broken the largest objection to cryptocurrency processing with absolutely zero currency risk to the merchant. This is a game-changer for the cryptocurrency payments industry.
“Through this development, merchants can now expand their products and services to an untapped $270+ billion dollar cryptocurrency market, increase sales with ease, convenience and security. Cryptocurrency’s promise was always one day. NetCents has made it today.”
Consumers, said the company in the release, also benefit from lower transaction fees, a range of digital payment choices, safety from scam and independence to spend their digital currency on daily transactions at their preferred retailers.
Images via NetCents’ Pressroom