NetCents Technology Inc (CSE:NC) (FRA:26N) (OTCQB:NTTCF) said it has agreed to white label the NC Exchange in a move it says will increase its market share and future growth by providing vendors with a cost-effective business solution.
The crypto payments company said the white label product will allow its partners to connect and distribute cryptocurrency products more competitively to their users and clients by providing a platform to trade and manage their digital assets using highly secure infrastructure with advanced user interfaces and order types, as well as a user-friendly mobile app for convenience and easy access to markets.
READ: NetCents CEO Clayton Moore says 2020 'hastened' the transformation of cryptocurrency in letter to shareholders
NetCents noted that the turnkey exchange platform includes a range of functions including onboarding, compliance, risk management, pricing, order book, Android and iOS application, trade analytics, and fully customized branding. The solution also comes with the company’s advanced architecture and security protocols.
"The white label opportunity is fantastic for us because we have already made the massive investment required to launch an exchange. The ability to generate revenues from expenditures that we have already made - is obviously a great proposition. The additional benefit is that we will find more liquidity that our merchants can tap into as they accept a higher percentage of their revenues in cryptocurrency. It is always good to add new revenue streams to the Company as well - we have millions of dollars of technology that can be monetized beyond their original deployment," NetCents chief executive Clayton Moore said in a statement.
"NetCents has been actively developing its white label exchange technology to enable marketplace operators to support best in class user experiences for buying and selling cryptocurrencies. Leveraging NetCents' infrastructure, the white label exchange receives integration leading liquidity sources, ensuring high liquidity of assets and helps the new exchange to start generating revenue from launch", he added.
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