Blockchain

Netcoins (CSE:NETC) has announced that it has launched support for Ethereum through its retail virtual crypto ATM application. As quoted in the press release: Along with Ethereum support, the Netcoins application now delivers “direct to wallet” functionality, so Ethereum can be sent to pre-existing customer wallets at the time of the transaction. Ethereum is a cryptocurrency …

Netcoins (CSE:NETC) has announced that it has launched support for Ethereum through its retail virtual crypto ATM application.

As quoted in the press release:

Along with Ethereum support, the Netcoins application now delivers “direct to wallet” functionality, so Ethereum can be sent to pre-existing customer wallets at the time of the transaction.

Ethereum is a cryptocurrency whose blockchain is generated by the Ethereum platform. Ethereum has the second largest cryptocurrency by market cap, at ~$60 Billion USD.

The Netcoins software, until now, has exclusively supported Bitcoin purchases in the retail marketplace. The addition of Ethereum opens up a much larger market of buyers, including those who want Ethereum and those who want the use Ethereum to acquire Ethereum Blockchain (ERC20) based alt coins.

“Adding Ethereum support to our retail software is a triple win. First, we open ourselves up to a new kind of buyer and revenue source – those who aren’t only buying the market leading bitcoin cryptocurrency. Secondly, we enabled Direct to Wallet with Ethereum, making our application even more user friendly by incorporating feedback from existing resellers. Finally, implementing the Ethereum Blockchain opens up our ability to add ERC20 based tokens, of which there are more than 500, on the Netcoins platform,” said Netcoins CEO, Mark Binns.

Click here to read the full press release.

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