NetCents Technology Appoints Jannis Flachsmann to Advisory Board

Cryptocurrency Payments Payments One of the bases of mediums of exchange in the modern world, a payment constitutes the transfer of a legal currency or equivalent from one party in exchange for goods or services to another entity. The payments industry has become a fixture of modern commerce, though the players involved and means of exchange have dramatically shifted over time.In particular, a party making a payment is referred to as a payer, with the payee reflecting the individual or entity receiving the payment. Most commonl One of the bases of mediums of exchange in the modern world, a payment constitutes the transfer of a legal currency or equivalent from one party in exchange for goods or services to another entity. The payments industry has become a fixture of modern commerce, though the players involved and means of exchange have dramatically shifted over time.In particular, a party making a payment is referred to as a payer, with the payee reflecting the individual or entity receiving the payment. Most commonl Read this Term technologies company NetCents Technology Inc. announced this Thursday that it has appointed Jannis Flachsmann to its Advisory Board as part of its expansion plans in Europe.

Flachsmann joins NetCents with a wealth of experience. He is currently a Senior Attorney at GHM Partners AG focusing on Legal, Tax, and Fiduciary Matters. During his career he has also been an attorney at Weidmann Rudolf & Partner and Lichtsteiner Rechtsanwaelte.

Speaking on his new role, Flachsmann said in the statement: "I have been watching the cryptocurrency and Blockchain Blockchain Blockchain comprises a digital network of blocks with a comprehensive ledger of transactions made in a cryptocurrency such as Bitcoin or other altcoins.One of the signature features of blockchain is that it is maintained across more than one computer. The ledger can be public or private (permissioned). In this sense, blockchain is immune to the manipulation of data, making it not only open but verifiable. Because a blockchain is stored across a network of computers, it is very difficult to tamp Blockchain comprises a digital network of blocks with a comprehensive ledger of transactions made in a cryptocurrency such as Bitcoin or other altcoins.One of the signature features of blockchain is that it is maintained across more than one computer. The ledger can be public or private (permissioned). In this sense, blockchain is immune to the manipulation of data, making it not only open but verifiable. Because a blockchain is stored across a network of computers, it is very difficult to tamp Read this Term industry mature for the last few years, but I think that 90% of the growth is still to come. I am very excited to bring my unique experience, legal skillset, and connections to NetCents."

His career, of which he has spent almost entirely in Zug, Switzerland, also saw him work for the Civil Court of the Canton of Zug, Switzerland. Flachsmann has been admitted to the bar in Switzerland. He achieved a Masters of Law (LL.M.) degree from Fordham University in New York.

Commenting on the appointment, Clayton Moore, Founder and CEO of NetCents Technology explained in the statement: "Mr. Flachsmann will bring a unique dimension to our advisory board and add immensely to our capabilities to react to a very dynamic landscape.

"The taxation considerations of cryptocurrency are extremely complicated. Having someone as well versed as Mr. Flachsmann will give us a strategic edge in winning the large international corporate customers we are now soliciting."

NetCents Technology continues to expand its presence in Europe

The appointment announced today comes as the crypto payments company continues to enhance its presence within Europe. This includes creating specific resources dedicated to servicing European customers from an operational, banking, and sales perspective.

"Europeans are more focused on having financial capabilities that aren't tied directly to government agencies. They are more open to the cryptocurrency products we are building, so we are going to capitalize on that momentum," added Moore.