Over the course of the past few years, the cryptocurrency space has grown at a breakneck pace and while, investment in various crypto tokens is still the biggest thing, the ultimate aim of crypto tokens is to be accepted as a legitimate option for payments. At this point in time, there are certain companies which are working on ways to make crypto payments a reality and one of those is Canada basedNetcents Technology Inc (OTCMKTS:NTTCF) (NC.CN). The company has created a transactional hub that can be used for processing payments made by a wide range of cryptocurrencies. It is quite clear that NetCents has realized the power and scope of payments through crypto tokens in the long run.
It is something that is almost certain to happen and NetCents has built a product that could propel the company into one of the most important players in the nascent industry. The company has built a payment system by way of which merchants can easily accept payments through cryptocurrencies. More importantly, the system also ensures that merchants are protected from the inherent volatility of the crypto market and that is a feature that will definitely make the product a popular one among many business owners. The company is looking to become a major player in the payments space by signing deals with merchants and also getting into strategic partnerships.
Merchants and partners who sign up to the NetCents ecosystem get into something that could end up being a massive payments network in the years to come. In addition to full payment integration through crypto tokens, NetCents also provides Instant Settlements and added security. More importantly, users can have access to a merchant pool that is currently pegged at 40 million at this point in time. It goes without saying that NetCents is a forward-looking investment opportunity for any investor and considering the rate at which crypto is rising in popularity, it would not be long before more merchants sign up for the service.
The sheer numbers make it quite clear that the wider acceptance of crypto payments is perhaps a matter of time. In the United States, 6% of medium or small businesses accept crypto payments already. On the other hand, 7% of the global population owns crypto and that number is only going to rise in the future. Experts believe that the total value of the industry could touch a massive $177 billion in the years to come and if that happens, then NetCents is certainly going to be one of the most important companies in the crypto payments sector.