NetCents Technology Incorporated has signed a three-year exclusive enterprise licensing accord with Post Socratic Ventures. Along with this move, they are now including Bitcoin Cash (BCH) to trade on NetCents’ exchange.
The director of communications at Post Socratic Ventures, Carlos Mendez, stated that they anticipate integrating their merchants and partners to the NetCents platform. He stated further that they chose the NetCents platform based on their Instant Settlement Capability. The second reason for choosing them is their ability to remove volatility risk for their merchants.
Mendez stressed that they are confident that NetCents is the ideal partner owing to those two principal reasons. They have an exceptional platform and have added Bitcoin Cash in order to serve the demands of their current partners.
Profile of Post Socratic Ventures (PSV)
PSV is a new venture driven by a team of experienced industry icons. They have worked in the payment, blockchain, tourism, and telecommunications industries previously. Equally, they have experience in building online payment systems, development of POS terminal applications, and network administration. Their wealth of experience also encompasses infrastructure design, PCI compliance, and end-to-end encryption with many successful deployments in several countries.
PSV will commence the integration of the NetCents’ digital currency payment processing platform into their merchants and partners across the Caribbean. The company has given PSV the exclusive rights to operate in the Caribbean region by this agreement.
The 28 Caribbean countries are Anguilla, Antigua and Barbuda, Aruba, Bahamas, Barbados, Bonaire, British Virgin Islands, Cayman Islands, and Cuba. Others are Curacao, Dominica, Dominican Republic, and Grenada, Guadeloupe, Haiti, Jamaica, Martinique, Montserrat, Saba, Saint Barthelemy, Saint Kitts & Nevis. Also included are Saint Lucia, Saint Martin, Saint Vincent, Saint Eustatius, Sint Maarten, Trinidad & Tobago, and Turks & Caicos Islands.
PSV demanded the inclusion of BCH following the planned requests from merchants and partners in the gaming, tourism, and cryptocurrency tourism market, as well as the luxury hospitality industries across the Caribbean.
The Integration Process
The inclusion of BCH into the NetCents’ exchange is the first stage of the integration of the coin into the NetCents’ overall environment. Based on this, NetCents users can deposit, withdraw, and trade BCH for fiat cash and cryptocurrencies supported by Netcents’ exchange with other users on the same platform.
The integration of BCH into the NetCents Merchant Gateway is the second stage. Then, BCH holders will have access to spend their coins at NetCents Merchants who accept BCH.
At the moment, BCH is the fourth cryptocurrency globally based on the market capitalization ranking. It has a market capitalization of $9,075,12,884 USD and a 4-hour volume of $294,046,048 USD. In addition, BCH has more than 17 million coins in circulation.
Moreover, BCH is a fork from Bitcoin Classic. The difference between them is that BCH increases the block size from 1MB to 8MB. Furthermore, BCH eliminates Segwit protocol. The aim of Bitcoin Cash is to increase the number of transactions that can be easily processed. Its supporters believe this change will give BCH the leverage needed to compete with the volume of transactions currently streaming through PayPal or Visa.
Who is NetCents?
NetCents is the next-generation online payment processor that offers customers, partners, and merchants online services for managing online payments. The Canadian-based company is focusing on taking advantage of the migration from fiat cash to digital currency. This is obtainable by using innovative blockchain technology in order to provide payment solutions that are secure, fast, and easy to use.
The company is working with its friends in the financial sector, exchanges, and others to better the user experience of online transactions.
NetCents’ technology is fully registered with FINTRAC as a Money Services Business and added to the Automated Clearing House. This secures the customer’s security and privacy. NetCents is operational in 194 countries globally, offering freedom of payment choice, as well as making deposits.
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