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Cryptocurrency-based NetCents Technology from Vancouver announced that its Cryptomage Credit Card Program has reached its beta stage on Thursday, asking digital currency enthusiasts to apply online for the program.
A statement by Clayton Moore, CEO, founder and director of NetCents Technology, the company is perfecting the integration of the credit card program into the user portal and instant settlement program.
In the meantime, when the Cryptocurrrency Debit Card is complete, the company will launch a alpha period of proof in the next two months. Around the time, NetCents aims to accept applications that will be added to the Springs beta period.
According to the company, the beta phase should last for 4-8 weeks, during this period, the credit card program will be extended to all Canadian users.
In the beginning, Canadian residents who have Bitcoin, Litecoin, Ether and Bitcoin Cash have access to the proramme. However, you are invited to register for a NetCents user account.
When the program is launched in Canada, the company says it will also launch credit cards for European cryptocurrency holders.
To read: Not long after the integration of PornHub, NetCents strengthens the presence of Verge (XVG) on Shopify
Interestingly, the NetCents Card can be used anywhere, in over 40 million merchants worldwide, that Visa is accepted.
This cryptographic credit card is distinct from the others because NetCents cardholders will not have to preload the cryptocurrency on their card, an innovation that reduces the risk that the value of cryptocurrency fluctuates before users spend it.
The card must be linked to users' NetCents portfolios, which allows cardholders to directly spend the digital currency in their portfolios without stress.
The card, which passes through the update, must be connected to the NetCents mobile application and have it chip, pin, magnetic strip and NFC functionality.
NetCents says it will adapt its merchant's instant transaction technology to convert cryptos for immediate and immediate purchase of merchants and merchant payments.
While the latest development is a blessing to Verge (XVG), Tron (TRX) and some other digital currencies that have been integrated into the NetCents cryptocurrency gateway, the move will increase the adoption of digital currencies worldwide .
