NetCents Technology says it processed a record $19M in cryptocurrency transactions in March

NetCents Technology Inc (CSE:NC) (FRA:26N) (OTCQB:NTTCF), a cryptocurrency payments company, announced that it continues to process cryptocurrency transactions at a record pace, including $19 million in March, its largest transactions volume in a month. 

That figure topped its February volume of $6.7 million by 172% and January volume of $8.2 million by more than 122%, the company said. 

“Our 2021 momentum keeps building with another record month of transaction volume,” CEO Clayton Moore said in a statement. “For our team to continue achieving such significant month-over-month and year-over-year growth numbers is a testament to our ability to execute on our business plan and continued acquisition of merchants and partners and to drive long-term shareholder value.”

READ: NetCents Technology sees a surge in new partner sign-ups and leads

NetCents attributed the transaction growth in part to an omnichannel marketing campaign that it says drove 507 conversions in March with an average cost per click of $1, a cost per action of $34 and a conversion rate of 9%.

The company also experienced a surge in interest from potential partners. NetCents said it fielded some 10 to 15 new partner leads each week over the past 60 days with a close rate of 60% in March.

Meanwhile, volume has also been lifted by the company’s activation of the European market and an increase in processing European merchants through its German subsidiary.

“The delivery of world-class products and services is the number one priority for the team in all of the markets we serve,” Moore said. “I’m especially proud of the strong growth in the last month of Q1 in 2021, which sets us up for continued growth in Q2 2021. The uptick in global merchants, partner growth, and success of our partner and marketing campaigns demonstrate the legwork that we put into the market in 2020 is starting to pay dividends.”

To build on its momentum, the company said it is currently scaling its global workforce and hiring sales, account management and customer success positions, while also doubling the size of its development team.

“The delivery of world-class products and services is the number one priority for the team in all of the markets we serve,” added Moore. “I’m especially proud of the strong growth in the last month of Q1 in 2021, which sets us up for continued growth in Q2 2021. The uptick in global merchants, partner growth, and success of our Partner and Marketing campaigns demonstrate the legwork that we put into the market in 2020 is starting to pay dividends.”

Contact Andrew Kessel at [email protected]

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Story by ProactiveInvestors