Stocks in Play: NetCents Technology Inc.

Stocks in Play: NetCents Technology Inc.

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Aug 17, 2020 (Baystreet.ca via COMTEX) —
Monday, August 17, 2020

12:12 PM EST – NetCents Technology Inc. : Announced that it has entered into a partnership with XTM, Inc. (CSE: PAID) (FSE: 7XT), a Toronto-based Fintech company in the challenger banking space, providing mobile banking and payment solutions around the world, to enable cryptocurrency payments and loading of payment cards. Through this partnership, NetCents will be supplying the underlying technology to power cryptocurrency transactions for XTM’s card programs enabling near real time loading of funds to XTM mobile wallets. Cryptocurrency account holders can redeem the amount needed to complete an online or card transaction. “Our strategic partnership with NetCents demonstrates our continuance to extend the breadth and depth of the value we offer our user base,” said Marilyn Schaffer, CEO of XTM Inc. “With the upcoming launch of our closed loop community currency solution in California, adding cryptocurrency as a method of funding the wallet fits as an innovative digital load option in our quest to dominate a cashless ecosystem.” NetCents Technology Inc. (C.NC) shares were down 6 cents at 1.23.

Stocks in Play: NetCents Technology Inc., Mon, 17 Aug 2020 12:15:01 EST

COMTEX_369565609/2559/2020-08-17T12:15:10

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The MarketWatch News Department was not involved in the creation of this content.



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