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Glance Technologies Inc
Symbol C : GET
Shares Issued 136,220,352
Close 2018-07-17 C$ 0.445
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Big Blockchain forms JV with Glance Technologies

2018-07-17 10:32 ET - News Release

See News Release (C-BIGG) Big Blockchain Intelligence Group Inc

Mr. Lance Morginn of Big reports

BIG BLOCKCHAIN INTELLIGENCE GROUP FORMS STRATEGIC ALLIANCE WITH MOBILE PAYMENT SOLUTIONS LEADER, GLANCE TECHNOLOGIES INC.

Big Blockchain Intelligence Group Inc. and Glance Technologies Inc. have entered into a strategic alliance agreement.

Under the terms of the agreement, Big and Glance will work together to:

  1. Establish a mutual referral and strategic marketing relationship;
  2. Further explore ways to work together;
  3. Collaboratively market and promote the businesses of both Big and Glance.

Glance's focus is to streamline mobile payment services. Glance owns and operates Glance Pay, a proprietary, streamlined payment system that revolutionizes how smart phone users choose where to shop, order goods and services, make payments, access digital receipts, redeem digital deals, earn loyalty rewards, and interact with merchants. Its Glance Merchant service works with Glance Pay to allow businesses to accept mobile payments instantly and provide superior analytics. Glance is also developing its own cryptocurrency, Glance Coin, a reward token, with the objective of simplifying and enabling the adoption of cryptocurrency into everyday life. Glance Coin will give consumers instant access to a network of preferred merchants that not only accept Glance Coin, but also offer member-only crypto-based loyalty rewards that help customers build their crypto account with every dollar they spend.

"We're excited to explore the strategic ways we can work with Glance to the mutual benefit of both companies," said Big chief executive officer Lance Morginn. "Glance's current work on developing Glance Coin as a rewards-based cryptocurrency to be integrated into their platform could be a natural fit with the tools and services Big offers. In the case of Glance Pay, there could be possibilities of cross-integrations or introductions to potential clients as Glance has significant licensing agreements in place with companies in markets ranging from cannabis to fitness and wellness, and foreign students and tourism. We look forward to working with Desmond and the team of experts at Glance."

Desmond Griffin, chief executive officer of Glance, commented: "I see this agreement as just the beginning of working with Big to position both our companies front and centre in the global market. As the co-founder of a previous company that processed tens of millions of mobile payments for millions of consumers in 100-plus cities around the world, I know you can only build a global presence and client base through this type of partnership and collaboration. We will accomplish so much more by working together. My team and I welcome the opportunities and the chance to work with Big's team in the days to come."

About Glance Technologies Inc.

Glance Technologies owns and operates Glance Pay, a streamlined payment system that revolutionizes how smart phone users choose where to shop, order goods and services, make payments, access digital receipts, redeem digital deals, earn great rewards, and interact with merchants. Glance offers targeted in-app marketing, geotargeted 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.

About Big Blockchain Intelligence Group Inc.

Big Blockchain Intelligence Group has developed from the ground up a blockchain agnostic search and analytics engine, QLUE, allowing regtech, law enforcement and government agencies to trace, track and monitor cryptocurrency transactions at a forensic level. The company's commercial product, BitRank Verified, offers a "risk score" for Bitcoin wallets allowing banks, exchanges and e-commerce sites to meet traditional regulatory/compliance requirements.

About BitRank Verified

Big developed BitRank Verified to offer the financial world a simplified front-end results page, enabling consumer-facing bank tellers, exchanges, e-commerce sites and retailers to know whether a proposed transaction is safe to accept, questionable or should be denied. BitRank Verified is custom tailored to provide the fintech sector with a reliable tool for meeting its regulatory requirements while mitigating exposure to risk of money laundering or other criminal activities. Big's goals are to bring trust to this new era of money while creating a clearer path to mainstream acceptance and usage of cryptocurrencies by bridging the gap between users and global standards set by regulators.

About QLUE

Big developed its proprietary flagship product, QLUE (qualitative law enforcement unified edge), to enable the regtech and fintech sectors to mitigate cryptocurrency transaction risks by following the virtual money involved. QLUE's tracking and tracing capabilities enable financial institutions and law enforcement to level the playing field and identify individuals engaging in money laundering or criminal activities involving cryptocurrencies.

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