NetCents Technology Inc (CSE:NC) (OTCMKTS:NTTCF), which offers products and services that allow businesses to accept instant cryptocurrency payments, announced Wednesday it continues to advance on all key metrics used to track growth.
In a statement, the Vancouver-based company said its processing volume in October was 12% greater than the month before and 7.6 times greater than in February.
NetCents said this growth signals continued increasing demand from both merchants and consumers for cryptocurrency payments as the company has now processed millions of dollars in cryptocurrency transactions.
The company said it achieved the following milestones in the fiscal fourth quarter, which ended last month:
- Saw an 81% increase in processing volume versus the third quarter and a 425% increase over the second quarter;
- Produced 123% growth in new merchant sign-ups versus the 3Q; and
- Increased by 31% the average transaction value versus the 3Q.
"We seamlessly integrated cryptocurrency processing while ensuring we motivated merchants and consumers," said CEO Clayton Moore. "Our success in the past three consecutive quarters clearly demonstrates that our approach is working and we continue to build upon this success."
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