Well this has been quite the year. The NetCents team is excited that we are off of the halt and back to business as usual. We’d like to thank the entire team for all of their hard work during this process, both on the work required to work through and remove halt and also on the work that continued behind the scenes to keep the company going and growing. We would also like to thank you, our shareholders and supporters, for your ongoing support during this time. It definitely wasn’t an easy process, but we have now set the foundation to support our future growth and success.
We’ve just released our quarterly financials. We’re just now starting to see growth on the revenue front. These numbers, while showing that we continue to grow, doesn’t capture where we are currently as a company. These financials don’t encompass the recently announced contracts and new revenue initiatives that we are working on. These numbers reflect the last quarter of the last quarter. Of the contracts and initiatives that we’ve announced, they have just launched or are still in the integration phase and will be rolled out over the next quarter. We will begin to capture these numbers over the next couple of quarterly financials.
You may have noticed the recent updates that we’ve rolled out to the exchange. Over the past few months, we’ve been enhancing and upgrading the process. We are now sending our merchant transactions through the exchange as part of our Instant Settlements process, leading to increased activity. The volume shown in the ticker is the sum of the last 24-hours of trades and purchases. The trade history table shows information about the most recent trades in the current market of the NC Exchange.
We will continue to update you as new contracts and partnerships come in and as we start to push them live and processing. We are also continuing to build our team to ensure that we can keep these projects on track and maximize the revenue that we are generating from them. Currently, we are hiring quite a few positions from client partner to compliance to development and everything in between. If you’re interested in joining the NetCents family, head over to our careers section and read through the positions we are currently hiring for.
What’s even more exciting that what we’ve already announced is what we continue to work on behind the scenes. The team has been busy travelling and attending conferences. Building new relationships, sharing the NetCents platform and vision, and promoting cryptocurrency. All of this travel and these conversations are starting to bear fruit.
Cryptocurrency acceptance and use is still in its infancy, but the growth rate of interest from users, merchants, and partners demonstrates where we are headed. Just last week, Time published an article stating that cryptocurrency will replace approximately 25% national currencies by 2030. If that doesn’t get you excited about where we are going and the potential size of the market that is forming, we don’t know what will;)
The work that we are doing today, the contracts that we are signing, partnerships that we are creating, and the initiatives that we are rolling out, taken together, are what positions NetCents as a leader in this field. Our vision and mission is to be the transactional hub for all cryptocurrency payments. Buckle up and join us for the ride!