Payments technologies company NetCents Technology has joined Visa’s Fintech Fast Track program to launch a new cryptocurrency Visa credit card in the US and Canada.
NetCents intends to expand into additional geographies by making the new ‘NetCents Cryptocurrency credit card’ available for users across North America.
By joining the program, NetCents will leverage the reach and capabilities of Visa’s global payment network VisaNet to launch the credit card for its users.
Visa’s Fintech Fast Track program enables fintech partners to create new commerce experiences on Visa’s payments network.
Visa global head of fintech Terry Angelos said: “By joining Visa’s Fast Track program, exciting fintech’s like NetCents gain unprecedented access to Visa experts, technology, and resources.
“Fast Track lets us provide new resources that rapidly growing companies need to scale with efficiency.”
NetCents cardholders can directly integrate their credit cards with NetCents wallet.
This removes the need for them to preload the card with cryptocurrency and eliminate the potential depreciation of cryptocurrency values.
Cardholders can spend the cryptocurrency directly through their wallets.
Additionally, users will also have the ability to use multiple cryptocurrencies for a single credit card transaction.
NetCents Technology founder and CEO Clayton Moore said: “Having a direct relationship with Visa allows us to have the most streamlined and cost-effective system to blend the capabilities of cryptocurrency and the Visa platform.”
Initially, NetCents was planning to launch its own NetCents credit card program in Canada.
The company, however, ended that program and chose to work with Visa.
