New defended and authoritative adjustable alms targets the fast growing CBD industry
MIAMI, FL, Oct. 22, 2018 (GLOBE NEWSWIRE) — via NEWMEDIAWIRE — Net Element, Inc. (NASDAQ: NETE) (“Net Element” or the “Company”), a all-around technology and value-added solutions accumulation that supports cyberbanking payments accepting in a multi-channel ambiance including point-of-sale (“POS”), e-commerce and adaptable devices, announces the barrage of a defended and adjustable acquittal processing alms aimed at the acknowledged cannabis industry.
For years, experts accept predicted that the American cannabis bazaar will adeptness $20 billion by 2020. But as it turns out, the acknowledged hemp-CBD (cannabidiol) area abandoned is spinning off into a mega-market. According to the Brightfield Group, the CBD bazaar will anon hit $22 billion by 2022 and with added advance amid its sectors and favorable legislation, analysts say the cannabis industry is paced to hit $591 actor in 2018 and could access 40 times in the aing four years.
While CBD articles ahead were accessible mostly in arch shops, availability has advance to accustomed aliment stores, adorableness aisles, cafes and doctors’ offices for assorted maladies. This aggressive advance additionally creates acute charge for bland affairs amid merchants and consumers. Acquittal processing and acquiescence for the acknowledged cannabis industry has become more complex; Unified Payments is acclamation the challenges by alms a compliant, seamlessly chip acquittal band-aid that makes it simple to transact.
“We are aflame to barrage a acknowledged cannabis acquittal accepting band-aid to accommodated the needs of sales ally and merchants for this arising market,” commented Vlad Sadovskiy, admiral of chip payments for Net Element. “Addressing the needs of our merchants is our No. 1 antecedence and we assignment carefully with assorted vendors to accompany our merchants advanced acquittal accepting solutions.”
About Net ElementNet Element, Inc. (NASDAQ: NETE) operates a payments-as-a-service transactional and value-added casework belvedere for baby to average action (“SME”) in the U.S. and called arising markets. In the U.S., the Company aims to abound transactional acquirement by innovating SME abundance casework application blockchain technology solutions and Aptito, our cloud-based, restaurant and retail point-of-sale solution. Internationally, Net Element’s action is to advantage its omni-channel belvedere to bear adjustable offerings to arising markets with assorted banking, authoritative and demographic conditions. Net Element was ranked as one of the fastest growing companies in North America on Deloitte’s 2017 Technology Fast 500™. In 2017 we were accustomed by South Florida Business Journal as one of 2016’s fastest-growing technology companies. Added advice is accessible at www.NetElement.com.
Forward-Looking StatementsSecurities Exchange Act of 1934, as amended. Any statements independent in this columnist absolution that are not statements of absolute actuality may be accounted advanced statements. Words such as “continue,” “will,” “may,” “could,” “should,” “expect,” “expected,” “plans,” “intend,” “anticipate,” “believe,” “estimate,” “predict,” “potential,” and agnate expressions are advised to analyze such advanced statements. All advanced statements absorb cogent risks and uncertainties that could account absolute after-effects to alter materially from those bidding or adumbrated in the advanced statements, abounding of which are about alfresco the ascendancy of Net Element and are difficult to predict. Examples of such risks and uncertainties accommodate but are not bound to whether the Company’s payments band-aid for the cannabis industry will be successful. Added examples of such risks and uncertainties include, but are not bound to (i) Net Element’s adeptness (or inability) to access added costs in adequate amounts or on adequate agreement back needed; (ii) Net Element’s adeptness to advance existing, and defended additional, affairs with users of its acquittal processing services; (iii) Net Element’s adeptness to auspiciously aggrandize in absolute markets and access new markets; (iv) Net Element’s adeptness to auspiciously administer and accommodate any acquisitions of businesses, solutions or technologies; (v) hasty operating costs, transaction costs and absolute or accidental liabilities; (vi) the adeptness to allure and absorb able advisers and key personnel; (vii) adverse furnishings of added antagonism on Net Element’s business; (viii) changes in government licensing and adjustment that may abnormally affect Net Element’s business; (ix) the accident that changes in customer behavior could abnormally affect Net Element’s business; (x) Net Element’s adeptness to assure its bookish property; (xi) local, industry and accepted business and bread-and-er conditions; and (xii) adverse furnishings of potentially breakable U.S.-Russia relations, including, after limitation, over a battle accompanying to Ukraine, including a accident of added U.S. government sanctions or added acknowledged restrictions on U.S. businesses accomplishing business in Russia. Added factors that could account absolute after-effects to alter materially from those bidding or adumbrated in the advanced statements can be begin in the best contempo anniversary address on Form 10-K, annual letters on Form 10-Q and accepted letters on Form 8-K filed by Net Element with the Securities and Exchange Commission. Net Element anticipates that consecutive contest and developments may account its plans, intentions and expectations to change. Net Element assumes no obligation, and it accurately disclaims any ambition or obligation, to amend any advanced statements, whether as a aftereffect of new information, approaching contest or otherwise, except as especially appropriate by law.
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