Online payments platform NetCents Technology Inc. has announced its new partnership with EU-based bitcoin marketplace Bitstamp in order to provide more access to digital currencies and help NetCents to move further into the EU market.

According to the official release, Clayton Moore, CEO of NetCents said, “We are extremely excited about this integration with European powerhouse, Bitstamp. This is another important milestone in our ongoing global expansion and a key part of our business development strategy in broadening our services with leading blockchain groups.”

Moore also mentioned that the company will leverage this partnership in order to continue growing its digital currency options into the European market. He also mentioned that NetCents is dedicated to strengthening a robust, worldwide digital assets ecosystem which is secure, transparent, and regulated.

Bitstamp which allows people across the globe to safely buy and sell bitcoins has acquired Payment Institution License in Luxembourg recently. This license will allow the company to legally operate as a financial platform in the European Union.

Talking about the company’s collaboration with Bitstamp, Gord Jessop, President and COO of NetCents said, “We have a number of exciting initiatives that will be launched this quarter as we are build our platform and team to scale with our users. This integration is expected to derive revenue in line with its projections and business model, and our team is excited on collaborating with Bitstamp to accelerate both of our growth strategies."

Earlier in June, NetCents announced its integration with PayPal Holdings Inc., the international online payments system. The company previously developed a proprietary multi-currency digital wallet that accepts both fiat and digital currencies like bitcoin and provides secure, state-of-the-art technology that enables its users and partners to perform transactions in multiple currencies instantly and automatically.

NetCents offers online services to consumers and merchants for managing electronic payments. Its technology is integrated into the Automated Clearing House (ACH), which ensures consumer’s security and privacy. Through its services agreement, partnerships, and blockchain-based software, NetCents is able to accept and transfer deposits from users in 24 countries.

“Our team has made exponential progress building our high-performance platform. We expect to grow substantially this year and look forward to continually adding new and innovative services as we do so,” Jessop added.