South Florida fintech Company to assist with liquidation of crypto assets for Circle-owned exchange that trades upwards of $989 million per day
AVENTURA, Fla., April 17, 2019 (GLOBE NEWSWIRE) -- via OTC PR WIRE -- CLIC Technology, Inc. (CLCI) ("the Company") will offer users full integration with the Poloniex Exchange ("Poloniex"), one of the world's largest cryptocurrency market platforms. A U.S.-based startup now owned by Boston-based crypto-finance firm Circle, Poloniex attracts traders from across the globe and sees some of the world's most substantial Bitcoin trades of any platform available. The Company's integration with the platform will allow for the liquidation of crypto assets on an exchange that moves upwards of $989 million worth of funds daily.
Poloniex has some of the most advanced tools on the cryptocurrency market today, including an advanced API, access to USDC stablecoin, and air-gapped cold storage, where the vast majority of customer deposits are stored offline. High-level security features mixed with low trading fees of anywhere from 0 to 0.25 percent have helped the platform see consistent growth.
"We're thrilled to offer Poloniex integration to our users as it's by far one of the most popular trading platforms in the contemporary cryptocurrency market," said CLIC Technology CEO Roman Bond. "It's an opportunity to extend our reach at a time when our company is at the pinnacle of innovation with new projects such as CLIC Pay and CLIC Wallet. We couldn't be more excited."
The Company recently announced that it would include support for USD Coin, the fully-collateralized stablecoin created by Circle in its new CLIC Pay and CLIC Wallet platforms. Integration testing has already begun on the CLIC Pay platform, which, when completed will streamline the use of blockchain currency payments for merchants and consumers across the globe. Similar trials are ongoing for CLIC Wallet as well, with both platforms expected to be available to the public sometime later this year.
About CLIC Technology, Inc.:
The Company, a "Financial Technology" company, is the developer and marketer of new, cutting-edge blockchain products and services. It has created a revolutionary "crypto-payment gateway system" that allows consumers to use cryptocurrency to make routine purchases online and that enables merchants to accept crypto payments and receive immediate settlements in traditional fiat currencies. Market introduction of the new crypto-payment gateway system and related services is planned to occur in a phased rollout in the United States and other major markets in the coming months.
Safe Harbor Act: Forward-Looking Statements are included within the meaning of Section 27A of the Securities Act of 1933, and Section 21E of the Securities Exchange Act of 1934, as amended. All statements regarding our expected future financial position, results of operations, cash flows, financing plans, business strategy, products and services, competitive positions, growth opportunities, plans and objectives of management for future operations, including words such as "anticipate," "if," "believe," "plan," "estimate," "expect," "intend," "may," "could," "should," "will," and similar expressions are forward-looking statements and involve risks, uncertainties, and contingencies, many of which are beyond our control, which may cause actual results, performance, or achievements to differ materially from anticipated results, performance, or achievements. We are under no obligation to (and expressly disclaim any such obligation to) update or alter forward-looking statements, whether as a result of new information, future events, or otherwise.
CLIC TECHNOLOGY, INC.