VANCOUVER, British Columbia, Dec. 05, 2018 (GLOBE NEWSWIRE) -- Netcoins Holdings Inc. (“Netcoins” or the "Company") (CSE: NETC; OTC: GARLF; WKN: 1WJ) is pleased to announce two (2) important product introductions to complement our retail and OTC lines of business. Netcoins, effective today, is launching an automated Know-Your-Client (“KYC”) product allowing our customers to create their own Netcoins account, and complete KYC registration for approved trading. Netcoins is also launching, in conjunction, its first self-serve crypto purchase portal enabling 20+ coins for direct fiat purchase, 24/7, online.
By automating KYC, which will approve customers for trading on both our OTC desk and self-serve portal, Netcoins will be able to scale at an ever increasing rate. With thousands of customers, Netcoins can now easily scale to millions with this key technology in place.
Further, the Netcoins portal is bringing the ability for our valued customers from our retail business and OTC desk to trade 24/7 direct from a fiat funded account. This account can be funded by email money transfer, wire, or voucher. This portal brings to market a very unique product for our altcoins, namely fiat purchase without having to first buy BTC or ETH, which is a typical requirement of online crypto exchanges. This platform will be white-label capable, allowing us to sell a “fiat to altcoin purchase portal” to the altcoin market.
“Despite the bear crypto market that is upon us, Netcoins continues to grow our top line transactional revenues. The addition of automated KYC and a self-serve purchase portal for our customers will enable us to keep scaling, to generate revenues 24/7 online, and to white-label this product for sale to altcoins. I am thrilled by the focus and execution of our engineering team enabling us to keep expanding and serving the crypto market in more ways each month,” said Netcoins CEO Mark Binns. “As a brokerage, we can thrive in both bear and bull markets - every trade earns us a commission. We look forward to providing more updates as milestones are met.”
The Netcoins portal is now available at: https://netcoins.app/. The KYC process is automated, and users should be verified (or rejected) within 24 hours of a submitted application. The Netcoins portal is in open Beta, meaning anyone can register and transact, but the experience will continue to be optimized. Feedback and bug reports are welcomed by contacting Netcoins Support via the portal.
About the Company
The Company is in the business of developing software to make the purchase and sale of cryptocurrency easily accessible to the mass consumer and investor through brokerage services. Netcoins enables crypto transactions via 171,000+ retail locations globally, a self-serve crypto purchase portal and an Over-The-Counter (OTC) trading desk.
ON BEHALF OF THE BOARD OF DIRECTORS
“Mark Binns”
Mark Binns
CEO and Director
For Investor Relations Inquiries please contact Netcoins at 778.785.1175 or email ir@gonetcoins.com.
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Cautionary Statement Regarding “Forward-Looking” Information
This information release contains certain forward-looking information. Such information involves known and unknown risks, uncertainties and other factors that may cause actual results, performance or achievements to be materially different from those implied by statements herein, and therefore these statements should not be read as guarantees of future performance or results. All forward-looking statements are based on the Company's current beliefs as well as assumptions made by and information currently available to it as well as other factors. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date of this press release. Due to risks and uncertainties, including the risks and uncertainties identified by the Company in its public securities filings, actual events may differ materially from current expectations. The Company disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.