May 11, 2017

NetCents creates UK subsidiary

VANCOUVER -- NetCents Technology Inc. is pleased to announce that it has formed a wholly owned subsidiary, NetCents UK.

This subsidiary will serve to both extend NetCents' global footprint and to maximize the efficiency of its British and European business. More importantly, it will ready the company for the release and introduction of its Financial "Banking" Blockchain Technology (FBBT) which is slated for release in November of this year. NetCents' proprietary FBBT will have the capacity to replace the existing banking transaction process.

Between now and the launch of the FBBT, NetCents will be focusing on adding additional UK banking partners to its platform. By working directly with underwriting bank(s) the need for third party processors will be eliminated.

"NetCents is focussed on its global expansion. Having a subsidiary in the UK will allow for significant access to banking and underwriters that we wouldn't have here in Canada," commented Clayton Moore, NetCents founder and CEO.



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