NetCents Technology and Vesto LLC Announce Strategic Joint Venture
Vancouver, British Columbia, San Francisco, California, Munich, Germany and London, U.K.--(Newsfile Corp. - March 1, 2021) - NetCents Technology, Inc. (CSE: NC) (FSE: 26N) (OTCQB: NTTCF) ("NetCents") and Vesto LLC, ("Vesto") a Wyoming limited liability company are proud to announce the signing of a Term Sheet outlining the creation of a Joint Venture technology license arrangement to offer the most complete crypto banking-as-a-service offering on the market. Net Cents is republishing this news from last Friday with some additional detail below.
The combined feature sets and capabilities of the Vesto suite are unmatched in the market, including:
Multi-Sig vWallet -
Cold Storage -
Crypto Deposit Insurance- ,
DeFi Insurance -
Advanced DeFi Protocols -
BTC buy / sell,
BTC Payments via POS Retail & Online Merchants -
EMV Payments & Global Transfers via Stablecoins (USDC & Dai), and
Fiat On / Off Ramping Bank Partners, among other key attributes.
NetCents (with regulatory approval) intends on enabling Vesto's white-label crypto banking-as-a-service platform, via APIs and SDKs, to begin enabling its retail and institutional customers seamless access to Vesto's DeFi Protocols, among other strategic initiatives.
The definition of DeFi from Coin Telegraph: DeFi protocols allow users to become lenders or borrowers in a completely decentralized fashion, such that an individual has complete control over their funds at all times. This is made possible via the use of smart contracts that operate on open blockchain solutions such as Ethereum. In contrast to CeFi (Centralized Finance), DeFi platforms can be used by anyone, anywhere without them having to hand over their personal data to a central authority.
"DeFi is a great concept - but it needs a platform like NetCents to make it understandable to the mainstream - and we are uniquely positioned to achieve that." Stated Mr. Moore "Regulators aren't going to be excited about DeFi without someone like NetCents there to protect investors from loss in some way. NetCents intends to screen DeFi players, and will make sure that investors will continue to be able to have access to their funds even if a user does something like forget the password they have on their account." Clayton continued.
The Term Sheet contemplates Joint Venture technology licensing between the parties and an option for NetCents to invest in Vesto and hold a significant ownership stake in Vesto at a future date.
"NetCents has been a pioneer and leader in Crypto Payments and its advanced crypto payment processing platform has user access to 40 million merchants worldwide, the clear choice! In talking to banks globally, there is a clear need and desire by banks to offer to their merchants the ability to pay with crypto. We could not be more excited about this tech JV to offer the most complete combined-stacks on the planet!"
Christopher McGregor, Chief Executive Officer & Co-Founder of Vesto.
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Vancouver, British Columbia, San Francisco, California, Munich, Germany and London, U.K.--(Newsfile Corp. - March 1, 2021) - NetCents Technology, Inc. (CSE: NC) (FSE: 26N) (OTCQB: NTTCF) ("NetCents") and Vesto LLC, ("Vesto") a Wyoming limited liability company are proud to announce the signing of a Term Sheet outlining the creation of a Joint Venture technology license arrangement to offer the most complete crypto banking-as-a-service offering on the market. Net Cents is republishing this news from last Friday with some additional detail below.
The combined feature sets and capabilities of the Vesto suite are unmatched in the market, including:
Multi-Sig vWallet -
Cold Storage -
Crypto Deposit Insurance- ,
DeFi Insurance -
Advanced DeFi Protocols -
BTC buy / sell,
BTC Payments via POS Retail & Online Merchants -
EMV Payments & Global Transfers via Stablecoins (USDC & Dai), and
Fiat On / Off Ramping Bank Partners, among other key attributes.
NetCents (with regulatory approval) intends on enabling Vesto's white-label crypto banking-as-a-service platform, via APIs and SDKs, to begin enabling its retail and institutional customers seamless access to Vesto's DeFi Protocols, among other strategic initiatives.
The definition of DeFi from Coin Telegraph: DeFi protocols allow users to become lenders or borrowers in a completely decentralized fashion, such that an individual has complete control over their funds at all times. This is made possible via the use of smart contracts that operate on open blockchain solutions such as Ethereum. In contrast to CeFi (Centralized Finance), DeFi platforms can be used by anyone, anywhere without them having to hand over their personal data to a central authority.
"DeFi is a great concept - but it needs a platform like NetCents to make it understandable to the mainstream - and we are uniquely positioned to achieve that." Stated Mr. Moore "Regulators aren't going to be excited about DeFi without someone like NetCents there to protect investors from loss in some way. NetCents intends to screen DeFi players, and will make sure that investors will continue to be able to have access to their funds even if a user does something like forget the password they have on their account." Clayton continued.
The Term Sheet contemplates Joint Venture technology licensing between the parties and an option for NetCents to invest in Vesto and hold a significant ownership stake in Vesto at a future date.
"NetCents has been a pioneer and leader in Crypto Payments and its advanced crypto payment processing platform has user access to 40 million merchants worldwide, the clear choice! In talking to banks globally, there is a clear need and desire by banks to offer to their merchants the ability to pay with crypto. We could not be more excited about this tech JV to offer the most complete combined-stacks on the planet!"
Christopher McGregor, Chief Executive Officer & Co-Founder of Vesto.
Googleübersetzer: