Crypto payment company NetCents announced it will support credit card payments for the purchase of virtual assets
Users of the Vancouver-based company can now buy crypto on the exchange using their credit cards. So far, only a handful of exchanges support cards for the purchase of crypto after approval by the respective card company. The approval from NetCent is therefore a good example of the security of the exchange.
“NetCents is now approved. This is proof of the security inherent in the NetCents platform.” explained the company.
The benefits of the step highlighted in the announcement include a different way of depositing funds into the NetCents wallet, quick and secure access to crypto, and contactless payments.
The feature is particularly useful for merchants who previously had difficulty accepting credit card payments for their business. Dealers have been asking for this feature to be introduced for some time. With this addition, companies that do not support credit cards get a contactless digital transaction solution.
The payment company relies on these merchants and instructs its customers to register for NC wallets in order to successfully make purchases.
“These merchants are expected to be able to get all of their customers to sign up for a NetCents wallet to complete their purchases.”
The Frankfurt financial services company Deutsche Bank pointed out in its Research Note on Payments that “With digital wallets, companies can better understand, interact with and personalize products for their customers. Personalization enables companies to stand out from the crowd and gain market share. This is especially the case with Millennials, where surveys show that smaller, custom brands offer better quality products. “.
The bank estimates that e-wallets will be the second most preferred payment method after cards after cards and the favorite for the millennial generation in five years or less.
NetCents confirmed that American Express, MasterCard, and Visa have all agreed to be part of the incredible journey to improve crypto accessibility. The company expects the introduction of this feature to be a prominent feature in the digital payments space.