NetCents Technology Inc (CSE:NC) (FRA:26N) (OTCQB:NTTCF), a cryptocurrency payments company, revealed on Thursday that it has fielded a surge in new partner sign-ups and leads over the last two months.
The Vancouver-based company said it has been flooded with, on average, 10-to-15 new partner leads a week over the past 60 days, with a close rate of 30% over the 60-day period, rising to 40% over the month of March.
NetCents said that as it works on closing existing and new incoming partnership leads, with an average lead to close time of 30-to-40 days, it expects to increase “the lead to close rate.” The company chalked up the rising demand and partnership gains to the company’s “omnichannel marketing, existing partner referrals, organic inquires, and increased interest in cryptocurrency within the traditional payment industry.”
“In my three decades in the payments industry, I have never seen such huge demand for a product. Cryptocurrency, and the processing of payments in those currencies, is no longer something for the future,” Patrick Albright, senior vice president of strategic development at NetCents, said in a statement.
“It is now necessary to have the ability to handle consumers’ increased demand for cryptocurrency transactions. North American partners and merchants are now seeing what the rest of the world has already been witnessing. Crypto payments are here to stay and will become an increasing part of a successful payment strategy.”
NetCents said it is in the process of “tripling the size of its partner sales and account management team” to follow up on the wave of leads, sign-ups, and manage signed partner accounts. In addition, the company said it will be automating the initial sign-up and onboarding process for new partners allowing it to focus on high-value partnerships.
“NetCents is dedicated to providing an optimal customer service experience for both partners and merchants while offering customized product offerings that are tailored to the requirements of our diverse partner and merchant base,” said NetCents Technology founder CEO Clayton Moore.
“Going forward, we expect to see continued and sustained increases in both merchants and partners supported by our best-in-class platform, attracting pricing and revenue share models, and unmatched customer experience.”
Moore noted that this “hand-on approach to customized solutions” helps attract an increasing number of partners, resulting in the company’s “record-breaking transaction volumes” it has seen on its platform.
“We will continue to innovate in all areas of cryptocurrency payments, delivering the highest levels of quality and value for our customers,” he added.
NetCents is a transactional hub for all cryptocurrency payments, and equips businesses with the technology to seamlessly integrate cryptocurrency processing into their payment model without taking on the risk or cryptocurrency market volatility.
Contact the author Uttara Choudhury at [email protected]tiveinvestors.com
Follow her on Twitter: @UttaraProactive
Story by ProactiveInvestors
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