NetCents Technology To Add Five New Coins to Merchant Gateway

VANCOUVER, Aug. 16, 2018 /CNW/ - NetCents Technology Inc. ("NetCents" or the "Company") (CSE: NC / Frankfurt: 26N) is pleased to announce that due to upcoming Partner and Merchant requests, the Company will be adding five new coins to the NetCents Merchant Gateway. The coins that the company will be adding to the NetCents Merchant Gateway are:

• Verge (XVG)
• Tron (TRX)
• ZenCash (ZEN)
• Bitcoin Cash (BCH)
• NEM (XEM)

"We are excited to see the launch of XEM on NetCents," said Kristof Van de Reck, NEM.io Foundation President. "NetCents provides a cutting-edge payment solution that helps merchants thrive in a competitive landscape by safely and securely expanding their products in an untapped market where growth continues at unprecedented levels."

Over the coming months, the Company will start to roll out the coins into the NetCents Merchant Gateway. Once a coin has been added to the gateway, merchants will be able to start accepting these coins for transactions, both online and off. Additionally, the Company is expanding its Instant Settlement AI capability to support the addition of these new coins into the Instant Settlement program.

"By adding these new coins to the Merchant Gateway, we are giving our merchants and partners greater flexibility and control in how they accept cryptocurrency payments from their customers," stated Clayton Moore, CEO of NetCents. "Our goal is to facilitate cryptocurrency as a daily transactional currency. By giving our merchants access to the coins that they would like to accept, we hope to foster greater adoption of cryptocurrency as a payment method."

If your company or organization wishes to integrate the NetCents platform into your website, visit https://net-cents.com/business/register and sign up for a business account to complete the online form to get the digital integration and application processes started. 

About Tron

Tron strives to construct a global free content entertainment system, utilizing blockchain technology. This protocol allows each user to freely publish, store, and own data. The issuance, circulation, and trading of digital assets, through decentralized self-governance, lay the foundation for the distribution and subscription of content, thereby empowering content creators as well as forming a decentralized content entertainment ecosystem. The app partners of Tron protocol include Peiwo, Obike, Gifto, Uplive, with a total of 4 millions users, making Tron a blockchain protocol with the most DAPP users in the world.

About Verge

Verge is a decentralized currency designed for users who value privacy. It improves upon the original Bitcoin blockchain by using multiple anonymity-centric networks such as Tor and i2p. It utilizes multi-algorithm mining support to improve security and provide equal distribution of coins to miners. A Crypto-Currency based on the Bitcoin blockchain, the creation of Satoshi Nakamoto, with multiple anonymity-Centric network adaptations known as Tor and i2p. Included are other improvements such Multi-algorithm mining capabilities as well as Blackhole Technology, for IP-obfuscation which through Electrum transaction simplification; allows for instant transaction confirmations without a centralized authority. While people race to encrypt their transactions, we should ask ourselves a question.. What good are encrypted transactions when they are still stored in a blockchain database with immutable timestamps, while the users ip addresses are also timestamped and broadcast across the network? Verge will ensure that all transactions are fully secure and truly anonymous.

About ZenCash

Zen is an end-to-end-encrypted system with zero-knowledge technology over which communications, data, or value can be securely transmitted and stored. It is an in-tegration of revolutionary technologies that create a system over which innovation can accelerate by combining three functions that are traditionally done separately: 1) transactions 2) communication, and 3) competitive governance. This is done in a se-cure and anonymous manner, using a worldwide distributed blockchain and computing infrastructure. The system integrates multiple best-in-class technologies to form an open platform for permissionless innovation that can evolve with user preferences.

About Bitcoin Cash

Bitcoin Cash (BCH) is a hard forked version of the original Bitcoin. It is similar to bitcoin with regards to its protocol; Proof of Work SHA-256 hashing, 21,000,000 supply, same block times and reward system. However two main differences are the the blocksize limits, as of August 2017 Bitcoin has a 1MB blocksize limit whereas BCH proposes 8MB blocks. Also BCH will adjust the difficulty every 6 blocks as opposed to 2016 blocks as with Bitcoin. Bitcoin Cash is a proposal from the viaBTC mining pool and the Bitmain mining group to carry out a UAHF (User Activated Hard Fork) on August 1st 12:20 pm UTC. They rejected the agreed consensus (aka BIP-91 or SegWit2x) and have decided to fork the original Bitcoin blockchain and create this new version called "Bitcoin Cash". Bitcoin Cash can be claimed by BTC owners who have their private keys or store their Bitcoins on a service that will split BCH for the customer.

About Nem

NEM, in its most basic form, is a crypto currency that is built on block chain technology. The NEM block chain is an improvement on existing block chain technologies. It integrates concepts from other cryptocurrencies (e.g. Bitcoin) and academic research in network theory. NEM, in its most basic form, is a crypto currency that is built on block chain technology. The NEM block chain is an improvement on existing block chain technologies. It integrates concepts from other cryptocurrencies (e.g. Bitcoin) and academic research in network theory. NEM's vision is to be the foundation of a vibrant crypto currency ecosystem that emphasizes security and trustless computing. NEM was launched with built-in support for multisig transactions and encrypted messages. Additionally, the peer-to-peer (P2P) NEM network implements a modified version of Eigentrust++ to identify and minimize the impact of malicious nodes.

About NetCents

NetCents is a next-generation online payment processing platform, offering consumers and merchants online services for managing electronic payments. The Company is focused on capturing the migration from cash to digital currency by utilizing innovative Blockchain Technology to provide payment solutions that are simple to use, secure and worry-free. NetCents works with its financial partners, mobile operators, exchanges, etc., to streamline the user experience of transacting online.

NetCents Technology is integrated into the Automated Clearing House ("ACH") and is registered as a Money Services Business (MSB) with FINTRAC, which ensures our consumer's security and privacy. NetCents is available for deposits from 194 Countries around the World, providing you with the freedom to choose to Pay. Your Way. ™

On Behalf of the Board of Directors

NetCents Technology Inc.

"Clayton Moore"
Clayton Moore, CEO, Founder and Director

NetCents Technology Inc.
Suite 880, 505 Burrard St (Bentall 1),
Vancouver, BC, V7X 1M4

Cautionary Note Regarding Forward-Looking Information

This release includes certain statements that may be deemed "forward-looking statements". All statements in this release, other than statements of historical facts, that address events or developments that the Company expects to occur, are forward-looking statements. Forward-looking statements are statements that are not historical facts and are generally, but not always, identified by the words "expects", "plans", "anticipates", "believes", "intends", "estimates", "projects", "potential" and similar expressions, or that events or conditions "will", "would", "may", "could" or "should" occur. Although the Company believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance, and actual results may differ materially from those in the forward-looking statements. Factors that could cause the actual results to differ materially from those in forward-looking statements include regulatory actions, market prices, and continued availability of capital and financing, and general economic, market or business conditions. Investors are cautioned that any such statements are not guarantees of future performance and actual results or developments may differ materially from those projected in the forward-looking statements. Forward-looking statements are based on the beliefs, estimates, and opinions of the Company's management on the date the statements are made. Except as required by applicable securities laws, the Company undertakes no obligation to update these forward-looking statements in the event that management's beliefs, estimates or opinions, or other factors, should change.

SOURCE NetCents Technology Inc.

please visit the corporate website at www.net-cents.com or contact Gord Jessop, President: [email protected], 604-895-7423.