BIG acquires Netcoin
One of the new and upcoming blockchain companies called BIG, a Blockchain technology company that provides cryptocurrency solutions has made an announcement that it has entered into a definitive shared agreement with Netcoins Holdings Inc, the company behind Netcoin.
Netcoin consists of different incorporations like NTC Holdings Corp and USA Corp are referred to as Netcoin. The company is focused on developing software in order to make the purchase and sale of cryptocurrencies much easier while providing accessibility to consumers through brokerage services.
Netcoin is focused on bringing custody software, to the Canadian market through existing agreements like BitGo Trust, currently the largest processor of bitcoin transactions.
BIG’s is pushing cryptocurrency to the mainstream audience with crypto companies that are focused on compliance, regulations, and trading. This company will provide a competitive edge with costs and speed of processes, compared to other regulated companies.
According to Shone Anstey, the Executive Chairman of BIG’s has mentioned that:
“BIG’s sophisticated AML compliance and reporting suite will give the Netcoins transactional product offerings a marketplace edge while allowing our software and service to be marketed by Netcoins highly experienced team via their existing sales channels.”
The company thinks that the integration of custody services will enhance the crypto market by offering services and technologies from cryptocurrencies.
The coin has been able to garner a lot of crypto exchanges as well in its journey to helping customers together with service providers.
BIG’s CEO, Lance Morginn stated:
“The Netcoin acquisition is a natural fit for us. Our clients will have a need for OTC trading, and both Netcoins and its clients can benefit from the compliance and analytics services BIG provides. Mark’s team, with their strong relationships and understanding of the crypto market, will open up new markets to BIG. We are looking forward to integrating, and working alongside this new team.”
The company is being marketed as a company with years of experience in Computer development and technology building; this includes companies like SAAS, which is a software business.
According to reports coming from the company, some transactions will require certain closing condition and obtaining the necessary approval of shareholders.
The company is very confident in its ability to bring forth the global adoption of cryptocurrencies after making big deals with some major companies entering the space.