Netcoins Sets Single Day European Transactional Record at Over CAD $2 Million
VANCOUVER, British Columbia, Nov. 08, 2018 (GLOBE NEWSWIRE) — Netcoins Holdings Inc. (“NETC” or the “Company“) (CSE: NETC) (OTC: GARLF) (WKN: 1WJ) is pleased to announce that it has completed over CAD $2 million in transactions in 24 hours from European customers. Hitting $2 million in daily transactions, via Europe, is another significant milestone for the Netcoins business as we continue to attract global customers and sell into multiple continents at once.
In July 2018, Netcoins completed its first $1 million day and then first $2 million day in Canada. Netcoins then accomplished a $4 million day in September, again in Canada, while continuing to expand services into the US and globally, including Europe. This new single day record for European transactions highlights the success of the ongoing expansion of our coin offerings and crypto relationships which are boosting our ability to drive transactional revenues.
“Our global crypto relationships continue to pay off. The increase in institutional involvement within the crypto space continues to drive larger transactions creating volume and revenues for Netcoins,” says Netcoins CEO, Mark Binns. “Once again our public, audited and transparent business model is lending trust to every deal we process.”
About the Company
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 crypto transactions via 171,000+ retail locations globally and an Over-The-Counter (OTC) trading desk.
ON BEHALF OF THE BOARD OF DIRECTORS
CEO and Director
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Cautionary Statement Regarding “Forward-Looking” Information
This information release contains certain forward-looking information. Such information involves known and unknown risks, uncertainties and other factors that may cause actual results, performance or achievements to be materially different from those implied by statements herein, and therefore these statements should not be read as guarantees of future performance or results. All forward-looking statements are based on the Company’s current beliefs as well as assumptions made by and information currently available to it as well as other factors. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date of this press release. Due to risks and uncertainties, including the risks and uncertainties identified by the Company in its public securities filings, actual events may differ materially from current expectations. The Company disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.