Cryptocurrency payments corporation, NetCents Technology Inc., is delighted to report its ongoing record rate of crypto-monetary transactions.
In the first half of March, the company handled transaction volumes exceeding $10,800,000. The value is up 61% over February and over 31% in January. This rise is based on the 6.7 million announced in February.
NetCents Technology Growth
Clayton Moore, Founder and Chief Executive Officer of NetCents Technology, said he is pleased to continue on their growth path in 2021 with another month’s record volume
The business announced earlier that its revenues for the first quarter increased by 143 percent quarter over quarter and 476 percent year over year in January and by 8.2 million based on an unaudited three months ending January 31. NetCents announced that it generated $257.008 in 1Q revenue.
The company also said that monthly sales rose from $15,632 in January 2020 by 659% year-on-year to $118,684 in January 2021.
Moore said he anticipates the company’s growth to continue during 2021. This first calendar quarter is in building good business and partner ties and providing customers with resources, services, and knowledge they need.
The organization credits this sustained growth rate on several factors, including growth from North American to a world-class merchant; a focus on crucial trader growth verticals, including B2B, luxury and retail, and gaming; integration in conventional space for payment through technical integration and partnerships.
Cryptocurrency Surge Contributed to Growth
Mr. Moore said that the strong pipeline and robust offerings of NetCents signal sustained transaction growth soon. The company will develop from new retailers as their market share continues to grow and get fuelled by product innovation and a rapid increase in cryptocurrency usage as a payment method.
This month, it first soared above $60,000, saw a rise of $1000 in the last year, and its record breakthrough continued. Elon Musk is a well-known supporter of the currency, after Musk Tesla revealed that he purchased Bitcoin for $1.5 billion in early February, the Bitcoin value soared.
The company also said it would consider Tesla cars payment in the form of digital currencies. After the news, Blue Ridge Bank said it would start to make Bitcoin available in their branches — making it the first business bank to do this in Charlottesville, Virginia bank. It then was followed by the oldest bank in the US, BNY Mellon. Generally, cryptocurrencies are growing, reaching $1.79 trillion in market cap last month.