NetCents Technology Inc (CSE:NC) (FRA:26N) (OTCQB:NTTCF), the cryptocurrency payments company, announced Tuesday that it has processed more than C$5.5 million in transaction volume in the first week of March, a record pace within its ecosystem.
That pace has nearly eclipsed volumes for the entire month of February within seven days and is on track to have its most significant growth over any other period in company history, NetCents said. This growth builds on the announced 6.7 million transactions processed in February and 8.2 million processed in January.
"Our focus on merchant acquisition and embedding ourselves in the traditional payment space is paying off," CEO Clayton Moore said in a statement. "This breakout week is showing no signs of slowing down and we are firing on all cylinders. As we continue our sales and marketing efforts and introducing new products into the market, we anticipate that we will quickly eclipse these numbers."
READ: NetCents Technology sees cryptocurrency transaction volumes top C$6.7M in February
NetCents has developed a focus on delivering strategic, value-driven products, in addition to expanding its footprint in key industry verticals, such as B2B, gaming and luxury retail, as well as new geographic areas like South America and Asia. Over the past year, NetCents said it has seen an unprecedented shift in consumer and business demand for cryptocurrency solutions as companies around the globe have adapted to new modes of payment and revenue sources.
"We've started 2021 with a bang and it promises to be an exciting year for both NetCents and cryptocurrency," Moore said. "It has been our laser focus on streamlining and enhancing the merchant experience to continue to drive mass adoption of cryptocurrency as a payment method that has really enabled NetCents to break through and establish record growth in merchant sign ups and processing volume."
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