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The cryptocurrency payment features are available to merchants at multiple points of contact
MIAMI, FL, 2 January 2019 (GLOBE NEWSWIRE) – through NEWMEDIAWIRE – Net Element, Inc. (NASDAQ: NETE) ("Net Element" or "Company"), a global technology and a group of value-added solutions that support Acceptance of electronic payments in a multi-channel environment, including retail outlets ("POS"), e-commerce and mobile devices, today announced the launch of its blockchain-based multichannel payment application on multiple contact points including face-to-face via smart payment terminals and e-commerce and APIs.
The fully compliant and secure Cryptocurrency payment acceptance application is part of Netevia, a multi-channel ready-to-use payment platform that connects and simplifies payments through a single point of integration, while increasing economic efficiency of all transactions carried out within the ecosystem. This model integrates Net Element's ability to operate in a multi-channel environment, including POS, e-commerce, mobile devices and blockchain technology solutions.
Retailers and service providers have generally fought with inefficient and costly payment mechanisms that have not kept pace with global trade. The Netevia platform supports the use of cryptocurrency as a payment method in a multi-channel trading environment, including smart Poynt and PAX payment terminals, e-commerce, in-app payment or online payment modules that combine card payment methods credit and cryptocurrency in a single simplified interface. Developers can use the Netevia API's payment mechanism to add cryptocurrency acceptance features as-is or create new ones to meet their needs using Netevia's intuitive development center.
"In recent years, blockchain technology has revolutionized the world of payments thanks to its decentralization, its economy and its convenience", commented Vlad Sadovskiy, president of integrated payments for Net Element. "The addition of a cryptocurrency payment acceptance option to our Netevia platform continues our tradition of innovation while fueling global trade."
Information on Net Element
Net Element, Inc. (NASDAQ: NETE) operates a transactional services platform as well as value-added services for small and medium-sized enterprises ("SMEs") in the United States and selected emerging markets. In the United States, the Company aims to increase transaction revenue by innovating SME productivity services using various technology solutions and Aptito, our restaurant, retail and retail solution. At the international level, Net Element's strategy is to exploit its omni-channel platform to offer flexible offers to emerging markets with different banking, regulatory and demographic conditions. Net Element was ranked as one of the fastest growing companies in North America thanks to Deloitte 2017 and 2018 Fast 500 ™ technology. In 2017, we were recognized by the South Florida Business Journal as one of the fastest growing technology companies in 2016. Further information is available on www.NetElement.com.
Forward-looking statements
Securities Exchange Act of 1934 and subsequent amendments. Any statement contained in this press release that is not a statement of historical facts can be considered as forward-looking statements. Words like "continue", "will", "could", "could", "should", "expect", "expected", "plans", "intend", "anticipate", "believe", "estimate," "" Expecting, "" potential "and similar expressions are intended to identify such forward-looking statements.All forward-looking statements involve significant risks and uncertainties that could cause actual results to differ materially from those expressed or implied in the forward-looking statements, many of the which are generally beyond the control of Net Element and are difficult to predict.An example of such risk and uncertainty is whether the application of payment acceptance of Cryptocurrency based on blockchain will be widely adopted or will be successful for the Company. Further examples of these risks and uncertainties include, but are not limited to, the ability (or the inability) of Net Element to obtain additional funding in suf quantities. available or on acceptable terms when necessary; (ii) Net Element's ability to maintain additional, existing and secure contracts with users of its payment processing services; (iii) the ability of Net Element to successfully expand into existing markets and enter new markets; (iv) the ability of Net Element to manage and successfully integrate any acquisitions of companies, solutions or technologies; (v) unexpected operating costs, transaction costs and actual or potential liabilities; (vi) the ability to attract and retain qualified employees and key personnel; (vii) negative effects of increased competition on the Net Element activities; (viii) changes to government licenses and regulations that could negatively affect Net Element activity; (ix) the risk that changes in consumer behavior may adversely affect the business of Net Element; (x) the ability of Net Element to protect its intellectual property; (xi) local, industry and general business and economic conditions; and (xii) adverse effects of a potential deterioration of US-Russian relations, including, without limitation, a conflict related to Ukraine, including the risk of further US government sanctions or other legal restrictions on US activities that operate in Russia. Additional factors that could cause actual results to differ materially from those expressed or implied in forward-looking statements can be found in the latest annual report on the 10-K form, quarterly reports on the 10-Q form and current reports on Form 8 – K filed by Net Element at the Securities and Exchange Commission. Net Element expects that subsequent events and developments can change its plans, intentions and expectations. Net Element assumes no obligation and, in particular, disclaims any intention or obligation to update forward-looking statements, whether as a result of new information, future events or otherwise, except as expressly required by law.
Contact: Net Element, Inc. +1 (786) 923-0502 www.netelement.com [email protected] Corporate Communications Contact: NetworkNewsWire (NNW) New York, New York www.NetworkNewsWire.com 212.418.1217 Office Editor @ NetworkNewsWire .com
