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Crypto Corner Episode 457: NetCents (CSE:NC) Partners with Australian Payment App Sosure

Binance’s Swipe Launches LendFi Visa Card, Chainalysis Expands in APAC, and Netcoins Applies for Securities Registration

 

Point Roberts, WA and Delta, BC - September 30, 2020 (Investorideas.com Newswire) Investorideas.com, a leader in crypto and blockchain investing news brings you today's edition of the Crypto Corner podcast and commentary on what's driving cryptocurrency stocks and the crypto market.

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https://www.investorideas.com/Audio/Podcasts/2020/093020-CryptoMarket.mp3

Crypto Corner Episode 457: NetCents (CSE:NC) Partners with Australian Payment App Sosure

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Stocks discussed: (CSE:NC) (CSE:BIGG)

NetCents Technology Inc. (CSE:NC) has partnered with Australian payment app Sosure Pty Ltd. This will add cryptocurrency as a payment option to the Sosure platform, which currently averages 500,000 transactions a month, according to the press release. Clayton Moore, CEO of NetCents, said:

"The creation of Bitcoin was spurred by a desire to create transaction processes that streamlined electronic commerce, we at NetCents haven't lost sight of that goal. Sosure has taken this a step further by incentivizing consumer behavior through rewards. We believe that the best way to accelerate the adoption of cryptocurrency as a transactional medium is to reward users for using cryptocurrency to close out a transaction instead of using fiat currency. We are looking forward to working with Sosure as we are contemplating deploying our own rewards mechanisms to give users a financial benefit for choosing to use their Crypto for purchases."

Crypto debit card provider Swipe, which is owned by crypto exchange giant Binance, is launching the LendFi Visa Card, a crypto Visa card that "allows users to borrow funds using blockchain technology," according to a report from Cointelegraph. The card pairs with the corresponding LendFi app, described as "a decentralized lending platform that is connected with the borrower through their mobile device."

Crypto analytics company Chainalysis has announced an expansion in the Asia-Pacific region with the opening of two new offices in Tokyo and Singapore. Jason Bonds, Chief Revenue Officer, Chainalysis, explained:

"Investing in our services across Asia Pacific could not happen at a better time. Cryptocurrency adoption- stablecoins in particular- is skyrocketing, and regulations are rolling out across the region. Now is the time for cryptocurrency businesses and financial institutions to adopt compliance solutions as regulators and law enforcement focus on this emerging asset class."

Netcoins, a subsidiary of BIGG Digital Assets Inc. (CSE:BIGG) has applied for registration from the British Columbia Securities Commission (BCSC) and the Canadian Securities Administrators' (CSA) regulatory sandbox in an effort to secure approval to operate the first regulated open-loop crypto asset trading platform in Canada. Netcoins president, Mitchell Demeter, said:

"There have been numerous high profile failures of Canadian crypto asset trading platforms in the past 2 years, costing investors hundreds of millions of their hard earned dollars, and shaking consumer confidence. A lack of oversight has created instability in the industry, and we believe this instability is slowing consumer adoption of cryptocurrency. Hence, we at Netcoins see the need for a regulated crypto asset trading platform in Canada that investors and traders can trust. Being owned by a public, audited and transparent company has given Netcoins the unique ability to bring a safe crypto trading solution to life across Canada."

Sam Mowers, Investorideas

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