Netcoins launches automated know-your-client product
NETCOINS HOLDINGS Inc. has made two important product introductions to complement its retail and over-the-counter (OTC) lines of business. Netcoins, effective Dec. 5, 2018, is launching an automated know-your-client (KYC) product, allowing its customers to create their own Netcoins account and complete KYC registration for approved trading. Netcoins is also launching, in conjunction, its first self-serve
cryptocurrency purchase portal enabling 20-plus coins for direct fiat purchase, 24 hours a day, seven days a week, on-line. By automating KYC, which will approve customers for trading on both the company’s OTC desk and self-serve portal, Netcoins will be able to scale at an ever-increasing rate. With thousands of customers, Netcoins can now easily scale to millions with this key technology in place.
Further, the Netcoins portal is bringing the ability for the company’s valued customers from its retail business and OTC desk to trade 24 hours a day, seven days a week, direct from a fiat-financed account. This account can be financed by e-mail mon ey trans fer, wire or voucher. This portal brings to market a very unique product for the company’s altcoins, namely fiat purchase without having to first buy Bitcoin or Ethereum, which is a typical requirement of on-line cryptocurrency exchanges. This platform will be white-label capable, allowing the com pany to sel l a fiat-to-altcoin purchase portal to the altcoin market.
“Despite the bear crypto market that is upon us, Netcoins continues to grow our top-line transactional revenues. The addition of automated KYC and a self-serve purchase portal for our customers will enable us to keep scaling, to generate revenues 24/7 on-line and to white-label this product for sale to altcoins. I am thrilled by the focus and execution of our engineering team, enabling us to keep expanding and serving the crypto market in more ways each month,” said Netcoins chief executive officer Mark Binns. “As a brokerage, we can thrive in both bear and bull markets — every trade earns us a commission. We look forward to providing more updates as milestones are met.” available. The Netcoins The KYC portal process is now is automated and users should be verified (or rejected) within 24 hours of a submitted application.
The Netcoins portal is in open beta, meaning anyone can register and transact, but the experience will continue to be optimized. Feedback and bug reports are welcome by contacting Netcoins support through the portal.
About Netcoins Holdings Inc.
The company is in the business of developing software to make the purchase and sale of cryptocurrency easily accessible to the mass consumer and investor through brokerage services. Netcoins enables cryptocurrency transactions through 171,000-plus retail locations globally, a self-serve cryptocurrency purchase portal and an over-the-counter (OTC) trading desk.
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Desmond M Balakrishnan, Mark Binns, Mark Healy, Alex Tong, Michael Vogel
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