The undisclosed company will begin deploying the NetCents cryptocurrency payment platform
This means that the undisclosed MSP will now partner with NetCents to begin deploying the NetCents cryptocurrency payment platform to financial institutions, merchant acquirers and card issuers globally.
This agreement marks the 20th partner agreement that the Vancouver company has signed since it kicked off its partner programs last August. Via these contracts, NetCents has access to hundreds of thousands of merchants, as well as a sales force of agents who actively sell NetCents to merchants.
The MSP partners with Apple Pay and Android Pay to process transactions on Verifone and GROOVV POS systems to allow merchants to accept a number of payment options including VISA, MasterCard, American Express, Apple Pay and now cryptocurrency.
NetCents is an online payment processing platform, offering consumers and merchants online services for managing electronic payments. The company is focused on capturing the migration from cash to digital currency by utilizing blockchain technology.
NetCents shares slipped 5 cents to finish at C$1.05 on Wednesday.