Net Element, Inc. (NETE)

[NetworkNewsWire]

NETE Creates New Blockchain-based Business Unit Addressing Growing Market Need

An operator of a payments-as-a-service transactional and value-added services platform for enterprises in emerging markets, Net Element (NASDAQ: NETE), recently saw an increase in shares of over 300 percent on December 19, 2017. The surge followed the company’s announcement of a new blockchain-based business unit. An article discussing this reads: “The blockchain-focused business unit will become a decentralized ecosystem that will establish the framework for the provision of new Net Element value-added services. Blockchain technology will be relied on to establish the direct connection between a buyer and a merchant. Thus, the efficiency and simplicity of transactions in the system will increase.”

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About Net Element

Net Element, Inc. (NASDAQ: NETE) operates a payments-as-a-service transactional and value-added services platform for small to medium enterprise (“SME”) in the US and selected emerging markets. In the US it aims to grow transactional revenue by innovating SME productivity services such as its cloud based, restaurant and retail point-of-sale solution Aptito. Internationally, Net Element’s strategy is to leverage its omni-channel platform to deliver flexible offerings to emerging markets with diverse banking, regulatory and demographic conditions such as UAE, Kazakhstan, Kyrgyzstan and Azerbaijan where initiatives have been recently launched. Net Element was named in 2016 by South Florida Business Journal as one of the fastest growing technology companies. Further information is available at www.NetElement.com.