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Glance Technologies Inc
Symbol GET
Shares Issued 136,579,783
Close 2018-11-29 C$ 0.175
Market Cap C$ 23,901,462
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Glance Technologies launches Pay With Bitcoin feature

2018-11-29 10:08 ET - News Release

Mr. Desmond Griffin reports

GLANCE TECHNOLOGIES LAUNCHES PAY WITH BITCOIN FEATURE

Glance Technologies Inc. has launched its new Pay With Bitcoin feature. Pay With Bitcoin enables Glance Pay users to pair their cryptocurrency wallets with their Glance Pay accounts 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 continually building out new payment features to ensure our platform is at the forefront of technology," said Desmond Griffin, Glance Technologies' chief executive officer. "Pay With Bitcoin 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 challenges with Bitcoin payments is that transactions can take hours to complete. Glance's new feature solves 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 currency without requiring any knowledge of how to use cryptocurrency.

Glance believes that Pay With Bitcoin is a great complement to its Glance PayMe application that provides merchants of any size with an unparalleled suite of payment options, including powerful anti-fraud technology and a robust loyalty rewards program -- all managed through the merchant's own mobile device without the need of any extra hardware.

Glance notes that Square reported Bitcoin transaction sales of $43-million (U.S.) in its third quarter of 2018, an increase of $6-million (U.S.) over its previous quarter, demonstrating growing demand for Bitcoin-related payments.

About Glance Technologies Inc.

Glance Technologies is the owner of Glance Pay and Glance PayMe, a pair of complementary smart phone payment applications that enable merchants to provide their customers with quick secure payments, digital rewards and a better customer experience.

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