VANCOUVER, British Columbia, Sept. 18, 2018 (GLOBE NEWSWIRE) -- Glance Technologies Inc. ("Glance" or the "Company") (CSE:GET.CN) (CSE:GET.WT) (OTCQB:GLNNF) (FKT:GJT) today announced an upcoming new feature that will empower Glance Pay users to pay with Bitcoin.
The new feature, Pay With Bitcoin, will enable Glance Pay users to pair their cryptocurrency wallet with their Glance Pay account, and then purchase Glance Dollars with Bitcoin. Glance Dollars represent a credit that can be spent instantly at participating merchants within the Glance Pay ecosystem.
"We are committed to being at the forefront of payment technology as part of our long-term growth strategy," says Glance Technologies CEO Desmond Griffin. "This feature allows Glance users to unlock the value of their crypto assets for use in their everyday lives while seamlessly opening up a new cutting-edge payment method for merchants."
Pay With Bitcoin marks an important step forward as Glance advances its blockchain infrastructure. Bitcoin is the world's pre-eminent cryptocurrency, however, one of the problems with Bitcoin payments are that transactions can take hours to complete. Glance's new feature will solve this problem by enabling lightning-fast payments.
Historically, one of the barriers to adoption of cryptocurrency payments by merchants has been the cryptic and complicated process of setting up cryptocurrency wallets and managing them. Glance will allow merchants to receive payments in fiat without requiring any knowledge of how to use cryptocurrency.
Desmond Griffin will be discussing Glance's mobile payments platforms, including the new Pay with Bitcoin feature and Glance PayMeTM, this week at the Extraordinary Future conference in Vancouver. For further information, see our previous press release here: https://glance.tech/2018/09/glance-technologies-announces-participation-at-upcoming-investor-conferences/
About Glance Technologies Inc.
Glance owns and operates Glance Pay, a streamlined payment system that revolutionizes how smartphone users choose where to shop, order goods and services, make payments, access digital receipts, redeem digital deals, earn great rewards & interact with merchants. Glance offers targeted in-app marketing, geo-targeted digital coupons, customer feedback, in-merchant messaging and custom rewards programs. The Glance Pay mobile payment system consists of proprietary technology, which includes user apps available for free downloads in iOS (Apple) and Android formats, merchant manager apps, a large-scale technology hosting environment with sophisticated anti-fraud technology and lightning-fast payment processing. Glance has also recently purchased a blockchain solution and is working on a rewards-based cryptocurrency, the whitepaper for which can be found on the company's website.
For more information about Glance, please go to www.glance.tech.
For more information, contact:
VP Business Development
Neither the Canadian Securities Exchange nor its Regulation Services Provider (as that term is defined in the policies of the Canadian Securities Exchange) accepts responsibility for the adequacy or accuracy of this release.
This press release contains forward-looking information or forward-looking statements (collectively "forward-looking information") within the meaning of applicable securities laws. Forward-looking information is typically identified by words such as: "may", "believe", "thinks", "expect", "exploring", "expand", "could", "anticipate", "intend", "estimate", "plan", "pursue", "potentially", "projected", "should", "will" and similar expressions, or are those, which, by their nature, refer to future events. These forward-looking statements, which involve risks and uncertainties, relate to, among other things, the discussion of Glance's business strategies and its expectations concerning future operations (including advancing its technological roadmap and the Pay with Bitcoin feature), the advancement of Glance's blockchain infrastructure, and the expectation that Glance will accelerate growth and scale. Although Glance considers these forward-looking statements to be reasonable based on information currently available to it, they may prove to be incorrect, and the forward-looking statements in this release are subject to numerous risks, uncertainties and other factors that may cause future results to differ materially from those expressed or implied in such forward-looking statements. Such risk factors include, among other things, risks related to implementation of the new Glance Pay with Bitcoin feature, regulatory risks related to cryptocurrencies. The forward-looking information in this press release is also based on certain estimates, forecasts and projections, as well as expectations, beliefs and assumptions, including, among other things, that Glance will be able to achieve its business objectives, that Glance will be able to develop proprietary software to implement its plans. For additional information with respect to these and other factors and assumptions underlying the forward-looking statements in this press release, see the section entitled "Risk Factors" in the most recent Annual Information Form and Prospectus of Glance, which may be accessed through Glance's profile on SEDAR at www.sedar.com. Glance cautions investors that any forward-looking information provided by Glance is not a guarantee of future results or performance, and that actual results may differ materially from those in forward-looking statements. Undue reliance should not be placed on such forward-looking information, as there can be no assurance that the plans, intentions or expectations upon which they are based will occur.
Source: Glance Technologies Inc.