And the hits keep coming. We’re thrilled to let you know that our first merchant is now live and processing cryptocurrency transactions. As we mentioned in our previous post, this is just the first of over 100 merchants that we currently have in our pipeline.
As much as we would love to provide you with more details on this merchant, we won’t be able to for a couple of weeks. They would like time out of the spotlight processing transactions before we put any specific announcements out with their name.
There are a couple of reasons for this. One, they want to make sure that everything is up and running perfectly in the live environment prior to any press. And two, it’s partly due to you, our supporters. We know it’s exciting and you want all of the information you can get to do your due diligence.
In the past, our supporters, and there are lots of you out there that are passionate about NetCents, reach out to our partners. We love that you take such an active interest in our new advancements and conduct your due diligence, but it is not up to our partners to update you and in the past, it’s been a little overwhelming for them.
For now, this merchant has requested that we do not announce their name, giving them time to focus on their product and new integration during this initial phase. As a tech company, as much as we would love to let everyone know, can appreciate and respect this.
Know that we have heard your requests for more updates and transparency and we will do our very best to keep you informed when and where we are able. But we need to make sure that our partners aren’t bombarded with emails and live support chats by you out of the gate, which has happened every time we make an announcement:) And it’s for this reason, this particular merchant has asked us to keep a lid on their name for now.
As we announce these partnerships, we encourage each and every one of you to try both our services and theirs, that’s why we do this. We just don’t want to take up their time to update you on the ins and outs of the contract and services.
We can tell you that this merchant was chosen to be the first, of many, because of their knowledge and the fact that they already accept cryptocurrency as a payment option. We can also tell you that they currently process over $100,000 per month in cryptocurrency payments, which will now funnel entirely through the NetCents merchant gateway.
Now, some of you may not think $100,000 per month in processing is a big deal, but it’s huge! Consider that cryptocurrency is currently a $400 billion-dollar market and up to 60% of merchants stating that they would be willing to accept cryptocurrency, these numbers start adding up quickly as we increase our market share. We currently have access to 80,000 merchants, which is nearly equal to 8% of the total market, included in our combined agreements (the math here adds up quickly). Next stop, revenue town!
And hopefully, between this update and our last blog post, it’s becoming obvious to you why no insider has sold any shares and we’ve spent so much of our time travelling to land new business.
Now, what sort of blog post would this be for me if I didn’t’ give you a little tease about what to expect next? Through this process (remember, we are a bit delayed in launching, there was a very good reason for this) our development team was successful in implementing a new feature that we’ve been working on.
Now that we are live with our first merchant this weekend, this new feature that we implemented will be released publicly in the next couple of weeks. This feature addresses the largest concern that we hear from merchants in regards to accepting cryptocurrency as a payment method. When we roll this out, it will change the landscape as it solves the biggest issue that stands in the way of mass adoption today. Can you guess what we are talking about? And no, we will not give you any more hints!
We are a team of individuals with a shared passion and vision for NetCents, we believe that our technology is superior to anything else in the space and many of our competitor’s clients have also told us that😉
We have now completed and built an entire process that no one has been able to achieve. And we’ve done it all in the past 18 months. We continue to be months, if not years, ahead of anyone else and we continually challenge ourselves to stay this way. When it comes to process and technology advancements, we are just getting started. There are things in our development pipeline that will blow your mind with what we can already do and what we will be able to do. We didn’t invent cryptocurrency, but we are designing the process in regards to payments
For all of those who said we would never get here. That we were just another cryptocurrency scam. Now, what’s up? Hit us with your best shot, fire away.