NetCents Technology (NC.C) agreed to white label their NC exchange today, according to a press release.
The white-labelled exchange would allow their partners to buy and sell, move and trade cryptocurrency and related products to their users and clients, and provide a platform where they could securely trade and manage their digital assets from their phones, Ipads or other devices.
“The white-label opportunity is fantastic for us because we have already made the massive investment required to launch an exchange. The ability to generate revenues from expenditures that we have already made — is obviously a great proposition. The additional benefit is that we will find more liquidity that our merchants can tap into as they accept a higher percentage of their revenues in cryptocurrency. It is always good to add new revenue streams to the company as well — we have millions of dollars of technology that can be monetized beyond their original deployment,” said Clayton Moore, chief executive officer of NetCents.
NetCents Technology gives business the opportunity to offer their clients and customers cryptocurrency transaction options without dealing with either the risk or volatility inherent to the cryptocurrency markets.
As cryptocurrency inches towards mainstream acceptance there’s going to be an accompanying global acceleration of demand for exchanges, and NetCents white-label exchange idea could be a potential market solution to this growth. It’s a turnkey exchange platform with a range of functions including onboarding, compliance, risk management, pricing, order book, trade analytics, and fully customized branding. It will have applications on both Android phones and iOS applications.
Through this white-label agreement, NetCents is providing:
- Fully set up turnkey solution;
- High liquidity through the NetCents order book;
- AML and KYC support;
- Intuitive and user-friendly interface;
- Mobile applications;
- Real-time execution of cryptocurrency trades with a variety of fiat and cryptocurrency trading pairs;
- Wallet security;
- Fiat on- and off-ramps.
The benefits for the company when it comes to white-labelling certain components of their platform include increased market share and options for future growth, while providing their vendor clients a cost-effective business solution.
Shares are down $0.03, and now trading at $1.17.