Net Element Launches Multi-Channel Blockchain-Powered Payments Acceptance Application as Part of its Netevia Platform
January 02 2019 - 8:30AM
Cryptocurrency Payment Features are Available to Merchants
Across Multiple Touch Points
via NEWMEDIAWIRE –
Net Element, Inc.
(NASDAQ: NETE)(“Net Element” or the “Company”), a global
technology and value-added solutions group that supports electronic
payments acceptance in a multi-channel environment including
point-of-sale (“POS”), e-commerce and mobile devices, announced
today the launch of its multi-channel blockchain-powered payments
application across multiple touch points including face-to-face via
smart payment terminals and electronic commerce as well as via
API.
The fully compliant and secure Cryptocurrency payment acceptance
application forms part of Netevia, a recently launched
feature-ready multi-channel payments platform that connects and
simplifies payments through a single integration point while
increasing economic efficiency of all transactions made within the
ecosystem. This model complements Net Element’s ability to perform
in a multi-channel environment, including POS, e-commerce, mobile
devices and blockchain technology solutions.
Retailers and services providers have typically struggled with
inefficient and costly payment mechanisms that have not kept pace
with global commerce. The Netevia platform supports the use of
cryptocurrency as a payment method in a multi-channel commerce
environment including Poynt and PAX smart payment terminals,
e-commerce, in-app or online payment forms that combine credit card
and cryptocurrency payment methods in one simplified interface.
Developers may use Netevia’s API payment mechanism to add
cryptocurrency acceptance functions as is or create new ones to fit
their needs using Netevia’s user-friendly developer
center.
“Over the past few years blockchain technology has
revolutionized the world of payments thanks to its
decentralization, cost-effectiveness and convenience,” commented
Vlad Sadovskiy, President of integrated payments for Net Element.
“The addition of a cryptocurrency payment acceptance option to our
Netevia platform carries forward our tradition of innovation as we
power global commerce.”
About Net Element
Net Element, Inc. (NASDAQ: NETE) operates a
payments-as-a-service transactional and value-added services
platform for small to medium enterprise ("SME") in the U.S. and
selected emerging markets. In the U.S., the Company aims to grow
transactional revenue by innovating SME productivity services using
various technology solutions and Aptito, our cloud-based,
restaurant and retail point-of-sale solution. Internationally, Net
Element's strategy is to leverage its omni-channel platform to
deliver flexible offerings to emerging markets with diverse
banking, regulatory and demographic conditions. Net Element was
ranked as one of the fastest growing companies in North America on
Deloitte's 2017 and 2018 Technology Fast 500™. In 2017 we were
recognized by South Florida Business Journal as one of 2016's
fastest-growing technology companies. Further information is
available at www.NetElement.com.
Forward-Looking Statements
Securities Exchange Act of 1934, as amended. Any statements
contained in this press release that are not statements of
historical fact may be deemed forward-looking statements. Words
such as "continue," "will," "may," "could," "should," "expect,"
"expected," "plans," "intend," "anticipate," "believe," "estimate,"
"predict," "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 which are
generally outside the control of Net Element and are difficult to
predict. An example of such risk and uncertainty is whether the
blockchain-powered Cryptocurrency payment acceptance application
will be widely adopted or be a success for the Company. Additional
examples of such risks and uncertainties include but are not
limited to (i) Net Element's ability (or inability) to obtain
additional financing in sufficient amounts or on acceptable terms
when needed; (ii) Net Element's ability to maintain existing, and
secure additional, contracts with users of its payment processing
services; (iii) Net Element's ability to successfully expand in
existing markets and enter new markets; (iv) Net Element's ability
to successfully manage and integrate any acquisitions of
businesses, solutions or technologies; (v) unanticipated operating
costs, transaction costs and actual or contingent liabilities; (vi)
the ability to attract and retain qualified employees and key
personnel; (vii) adverse effects of increased competition on Net
Element's business; (viii) changes in government licensing and
regulation that may adversely affect Net Element's business; (ix)
the risk that changes in consumer behavior could adversely affect
Net Element's business; (x) Net Element's ability to protect its
intellectual property; (xi) local, industry and general business
and economic conditions; and (xii) adverse effects of potentially
deteriorating U.S.-Russia relations, including, without limitation,
over a conflict related to Ukraine, including a risk of further
U.S. government sanctions or other legal restrictions on U.S.
businesses doing business in Russia. Additional factors that could
cause actual results to differ materially from those expressed or
implied in the forward-looking statements can be found in the most
recent annual report on Form 10-K, quarterly reports on Form 10-Q
and current reports on Form 8-K filed by Net Element with the
Securities and Exchange Commission. Net Element anticipates that
subsequent events and developments may cause its plans, intentions
and expectations to change. Net Element assumes no obligation, and
it specifically disclaims any intention or obligation, to update
any 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
Media@NetElement.com
Corporate Communications Contact:
NetworkNewsWire (NNW)
New York, New York
www.NetworkNewsWire.com
212.418.1217 Office
Editor@NetworkNewsWire.com
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