The volatility of the market and market risks have been a hindrance that prevents cryptocurrencies to become mainstream and be used in everyday transactions. NetCents announced the launch of instant settlements that provides guaranteed protection against market-volatility and liquidity issues associated with processing crypto transactions.
NetCents is an online payment processing platform for the future, offering consumers and merchants online services for managing electronic payments. They focus on capturing the transfer 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 to streamline the user experience to transacting online.
Even though there have been many technological advancements in the field of cryptocurrencies, market-volatility has remained as the leading cause for merchants getting deterred. There is a growing segment of holders of cryptocurrency, however, most use it as an investment option rather than a utility option. Instant settlements provided by NetCents will help merchants take advantage of all the benefits of lower fees, faster processing, and leverage the liquidity of ‘crypto-to-fiat or crypto-to-crypto’ settlement without being exposed to the risks or the price fluctuations inherent with cryptocurrencies.
The CEO of NetCents technology, Clayton Moore said “I am proud to say that we have broken the largest objection to cryptocurrency processing with absolutely zero currency risk to the merchant. This is a game-changer for the cryptocurrency payments industry. Through this development, merchants can now expand their products and services to an untapped $270+ billion dollar cryptocurrency market, increase sales with ease, convenience and security. Cryptocurrency's promise was always one day. NetCents has made it today.”
With the NetCents Merchant Gateway, volatility within the price of digital currencies such as Bitcoin, Ether, or Litecoin will have no impact on the merchants. It will enable cryptocurrencies to, in essence, mirror traditional payment methods in convenience and usability.