Dear Investors,
We are excited about exceeding the $1M a month processing volume milestone and look forward to hitting future 2020 targets!
Full News Release below, feel free to call me to discuss further.
Sonja Bakgaard
Investor Relations
Direct: 604.305.2682
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NetCents Technology Exceeds $1 Million in Monthly Processing Volume
VANCOUVER, B.C., January 9, 2020 – NetCents Technology Inc. (“NetCents” or the “Company") (CSE: NC / Frankfurt: 26N / OTCQB: NCCTF), a disruptive cryptocurrency payments company, is pleased to announce that it exceeded $1 million dollars in monthly processing volume in December 2019.
“Exceeding the one million dollar mark in monthly processing volume is a major milestone for us,” stated Clayton Moore, Founder and CEO of NetCents. “Our proven ability to seamlessly scale our processing volume in a short period of time proves that our platform is ready for our continued exponential growth.”
The Company is pleased with its 2019 results. The Company increased its monthly processing volume by 2,497%. In January 2019, the Company processed $39,436 in cryptocurrency transactions and ended the year by processing $1,024,030 in December 2019. During calendar 2019, the Company processed a total of $2,913,180 in cryptocurrency transactions.
In May 2019, the Company projected that it would continue to increase monthly processing volume by 40% month over month, reaching over $2 million dollars in monthly processing volume in Q1, 2020. The Company is pleased to report that it has exceeded this projection for 2019 and is on track to meet its Q1 2020 projections. This continued compounding 40% monthly growth rate is a key inflection point for the Company’s future growth and revenue.
“During 2019, we tested and refined the system with 20 select merchants and we are ready to green light all of our and our partners’ merchants,” added Mr. Moore.
The Company is excited to start 2020 with our 54 partners and their 7 million merchants collectively.