Netcoins Launches Ethereum in the Retail Market, and Direct to Wallet Functionality
June 8, 2018
GAR Limited. d/b/a/ Netcoins (“NETC” or the “Company“) (CSE: NETC) is pleased to announce that it has launched support for Ethereum via its retail virtual crypto ATM application. Along with Ethereum support, the Netcoins application now delivers “direct to wallet” functionality, so Ethereum can be sent to pre-existing customer wallets at the time of the transaction.
Ethereum is a cryptocurrency whose blockchain is generated by the Ethereum platform. Ethereum has the second largest cryptocurrency by market cap, at ~$60 Billion USD.
The Netcoins software, until now, has exclusively supported Bitcoin purchases in the retail marketplace. The addition of Ethereum opens up a much larger market of buyers, including those who want Ethereum and those who want the use Ethereum to acquire Ethereum Blockchain (ERC20) based alt coins.
“Adding Ethereum support to our retail software is a triple win. First, we open ourselves up to a new kind of buyer and revenue source – those who aren’t only buying the market leading bitcoin cryptocurrency. Secondly, we enabled Direct to Wallet with Ethereum, making our application even more user friendly by incorporating feedback from existing resellers. Finally, implementing the Ethereum Blockchain opens up our ability to add ERC20 based tokens, of which there are more than 500, on the Netcoins platform,” said Netcoins CEO, Mark Binns.
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 and an Over-The-Counter (OTC) trading desk.
ON BEHALF OF THE BOARD OF DIRECTORS
CEO and Director
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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.