Renowned Cryptocurrency payment technology company and partner of the Verge Currency Global, NetCents, has on Thursday incorporated into Visa’s robust FinTech Fast Track program in a bid to bring the NetCents Visa Card to Canada and US markets, a tweet by Verge Currency Global has said.
However, the Vancouver-based Tech giant explained that it’s set to benefit from Visa, as Visa has been in the electronic payments business for about four decades. NetCents further highlighted that the incorporation will allow it to leverage more easily into the “reach capabilities and security” of VisaNet, a respected network among the world’s largest electronic payment networks.
Furthermore, the tech company revealed that its new fuse with Visa will ease the extension of NetCents Visa Card to users in North America Markets and environs. The company had stopped to the launch of its NetCents Credit Card program in Canada after it got the chance to work directly with Visa.
NetCent Chief Executive Officer, Clayton Moore, elucidated that the company after it has been pivoted to focus on cryptocurrency in 2017, have been operating with the aim of building efficiency in the financial industry. He added that a direct working contact with Visa will accord NetCents a cost-effective and streamlined system to blend cryptocurrency capabilities with the Visa platform.
Moore submitted that the NetCents team is looking forward to a prolific and extensive collaboration with Visa Inc.
Nonetheless, the NetCents Visa Card unlike other prepaid cryptocurrency cards does not require the preloading of crypto assets by cardholders, therefore it eliminates the potentially lost appreciation often caused by the incessant rise in the values of digital assets which might have occurred even within the short interval between loading and spending.
The NetCents Card, due to its direct connection with the NetCents wallet, allows holders to spend from thier wallet, besides, the company has designed an interface where cardholders can automatically execute a single credit card transaction across multiple cryptocurrencies.