All together with a personal identification number, a magnetic stripe, an embedded chip and near-field Communication functionality on a plastic, NetCents card will now work like any other plastic smart card. But with additional features that will promote the use of digital currencies, NetCents cardholders, without having to pre-load cards with crypto before using them, they benefit from real-time purchases. With their instant settlement technology, the cards can be linked to crypto wallets to allow for seamless spending and users can take advantage of the company’s mobile app to facilitate purchases.
We know of Mastercard and Visa as a means of a real-time purchase at point-of-sale (POS) and other optimum use of the card for uninterrupted spending at various cash outlets. This Canadian company took it a step forward to provide more extensive opportunities for digital currencies users by including Bitcoin Cash (BCH) as a medium of legal tender. This implementation of digital currencies also eliminate the risks of crypto-price fluctuations between loading and spending as at any given time; cardholders can spend any of the three NetCents supported digital currencies; Bitcoin (BTC), Ethereum (ETH), and now Bitcoin Cash (BCH).
The Post Socrates Ventures (PSV) company director of communications, Carlos Mendez, said,
“We look forward to integrating our distributors and partners into the NetCents platform and have selected the NetCents platform for their real-time payment processing technology (Instant Settlements) which eliminates the volatility risk for our traders. We believe that NetCents is the perfect partner for the service needs of our current partners due to its breakthrough platform and the inclusion of Bitcoin Cash in the platform.”
The NetCents company, therefore, announced the new digital currency credit card service that it would be accepted at around 40 million merchants around the globe. Making it even more powerful as NetCents is integrating support for Bitcoin Cash (BCH).
Post Socrates Ventures (PSV) is a firm that specializes in tourism, the blockchain, telecommunication services as well as payment processing. They see to the development of end-to-end encryption and point-of-sale terminal applications, and as NetCents completes its three-year exclusive corporate license agreement with Post Socrates Ventures (PSV), the company announced that it is integrating Bitcoin Cash to its NetCents ecosystem as the first phase of BCH integration takes place on NetCents exchange. Soon after, as the second phase, although no timeframe was given, Bitcoin Cash (BCH) support will be rolled out to the NetCents Merchant Gateway users.
Digital currency holders do look forward to seeing more acceptance of digital currencies with this new wave.