VANCOUVER: NetCents Technology Inc., a cryptocurrency payments company, notified that its trading volume (purchases and sales of cryptocurrency) and user deposits on the NC Exchange exceeded $4 million in January 2021, setting a new monthly record.
“Over the past two years, our focus has been on building merchant and partner acquisition and increasing merchant processing volumes, both of which have been growing rapidly over the past year,” stated Clayton Moore, Founder and CEO of NetCents Technology.
“Heading into 2021, we are fine tuning our exchange product in support of our payment processing business – the early results of this effort are already paying off as demonstrated by large increases in volume on the exchange. This strong trading activity is another validation of our financial ecosystem growth strategy, and perhaps our high-quality software design and user experience.”
The Canadian and global cryptocurrency markets continued to advance in 2020 and some of the biggest investors in the recent growth in cryptocurrency are institutional investors according to a report from PYMTS1.
Despite the recent price volatility, Bitcoin is still up over 315% in the past year and NetCents management expects it to stay at these levels, based on support caused by growing adoption of both institutional investors and the entrance of major payment companies into the space.
“This growth doesn’t surprise me as I look at the growth of the overall market. Bitcoin just finished one of the biggest years in its history and we anticipate that it will continue to rally in 2021 thanks to the new surge of interest and developments in the space. At the same time, Ethereum has increased over 800% in the last 12-months,” added Mr. Moore.
“Cryptocurrency is clearly here to stay, and we are excited to remain at the forefront of this rapidly growing market.”
NetCents Technology Inc, the transactional hub for all cryptocurrency payments, equips forward-thinking businesses with the technology to seamlessly integrate cryptocurrency processing into their payment model without taking on the risk or volatility of the crypto market. NetCents Technology is registered as a Money Services Business (MSB) with FINTRAC.