NetCents Signs Licensing Deal
NetCents Technology is very pleased to announce that it has entered into a licensing agreement with Chorus Pay Ltd. Chorus has licensed NetCents’ next generation online payments processing platform, with the specific focus in online gaming.
PokerStars, an industry leading client of Chorus Pay, kicks off a series of major integrations with noted gaming companies. These highly publicized announcements are scheduled to be revealed in the coming weeks.
Chorus Pay is the first digital wallet exclusively designed for the betting and gaming industry. NetCents will provide Chorus with the underlying technology to process online transactions for their clients. Chorus Pay is committed to being at the forefront of product innovation and will use both proprietary and licensed IP to deliver a superior payment solution for the gaming sector.
“This agreement with Chorus will allow the company’s platform to be utilized in a specific market sector that currently processes an estimated 1.5 billion transactions per year valued in excess of $46 Billion.” said Clayton Moore CEO & Founder, NetCents Technology Inc.
Anthony Taylor, CEO of Chorus Pay said “The betting and gaming industry is moving to digital payments and we needed a solution that was advanced and adaptable; as well as partnering with someone who really understood digital currency. NetCents is a great fit for that. Chorus strongly believes the NetCents platform is uniquely qualified to seamlessly handle all forms of transactions from flat to digital currencies and most importantly, Bitcoin and Ethereum. This will allow us to execute our vision to alter the way payments are currently processed within the industry.”
Mr. Moore added, “This licensing agreement is the first of several such agreements that NetCents will be entering into with strategic partners so as to leverage their expertise in a variety of verticals. Licensing and White Label opportunities are both integral parts of NetCents’ global growth strategy.”