NetCents to Facilitate Cryptocurrency Banking through Launching a Crypto Banking Stack
By Jamie Green – Crypto Expert
NetCents Technology Inc. is an online electronic payment service provider able to offer clients and merchants services for managing electronic payments through a variety of methods and platforms for processing. NetCents is hoping to be the next generation eWallet, crypto exchange and payment processor for businesses and individuals as a one-stop shop for financial services. Any institutions integrated with the banking stack will be able to offer their clients services to buy cryptocurrency.
NetCents has been described as a cryptocurrency hub company soon to provide financial institutions with access to their existing hardware and software. Clients of these institutions will gain access to a fully integrated crypto processing and transaction service to buy and sell Bitcoin.
The major cryptocurrencies will be supported through the banking stack allowing users to buy Bitcoin cash or buy Litecoin. Bitcoin, Ethereum, Bitcoin Cash and Litecoin will be available to begin, with the possibility of supporting more coins in the future. NetCents can make modifications to the legacy systems they currently use to launch the banking stack and will not require the development of cryptocurrency processing technology.
As the project does not require much development, it will cost less to launch, and they can start providing low-cost crypto-ready processing for clients much sooner. These accounts have been stated to hold the same functionality as standard checking and savings accounts but with access through their current online bank profiles to buy and sell cryptocurrency along with storage.
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Dear valued BC Bitcoin UK Clients,
I hope this email finds you well. We are reaching out to inform you of some significant changes to our services that directly impact our operations within the United Kingdom. Regrettably, due to the recent regulatory developments introduced by the Financial Conduct Authority (FCA) and the implementation of the new Financial Promotions Regime, BC Bitcoin is no longer able to offer our services to clients based in the UK. This very difficult decision is in compliance with the regulatory framework and ensures that we uphold the highest standards of transparency and legality. You can view the FCA publication here: https://www.fca.org.uk/publication/finalised-guidance/fg23-3.pdf As a result, we would like to inform you of the following changes and provide guidance on how to manage your assets with BC Bitcoin:
1. **Service Termination for UK Clients:**
BC Bitcoin will no longer be able to accept new purchase orders from clients residing in the United Kingdom.2. **Continued Operation Outside the UK:**
Despite the changes within the UK, BC Bitcoin will continue to operate outside of the UK as normal. Our services will remain unaffected for clients in other regions.3. **Withdrawal of Assets:**
For our UK clients holding assets with BC Bitcoin, we want to assure you that your assets are secure. You have the option to safely withdraw your assets or exchange them to GBP or EUR and subsequently withdraw. We have streamlined the withdrawal process to ensure convenience for our clients.4. **Conversion of Assets:**
To convert your Holdings to fiat please log in to your BC Bitcoin account and submit a sell order for the amount of coin you hold with us. During the process you will shown how much you will receive and asked the bank details you wish to receive payment to. In addition, you can request the conversion by emailing info@bcbitcoin.com from your registered email address. If you encounter any issues or require assistance, our customer support team is ready to help you throughout the process.5. **Withdrawal Procedure:**
To initiate a withdrawal, please email your request to info@bcbitcoin.com from your registered email address. You may be asked some security questions to verify your identity. If you encounter any issues or require assistance, our customer support team is ready to help you throughout the process. These changes are effective immediately, and we appreciate your understanding and cooperation during this transitional period. We understand that this may be an inconvenience for our UK clients, and we sincerely apologise for any disruption this may cause. Thank you for being a valued part of the BC Bitcoin community. We are committed to providing you with a seamless experience as we navigate through these regulatory changes. If you have any questions or concerns, please do not hesitate to reach out to our customer support team at info@bcbitcoin.com Kind Regards