Newly acquired technology will provide a hassle-free way for merchants to process cryptocurrency payments in local currencies
AVENTURA, Fla., March 12, 2019 (GLOBE NEWSWIRE) -- via OTC PR WIRE -- CLIC Technology, Inc. (OTC Pink: CLCI) (the "Company"), a South Florida fin-tech company, acquired a state-of-the-art technology from an Israeli startup that will provide merchants with a hassle-free way to process crypto payments in their local currency.
The new soon to be launched crypto-payment platform for both e-commerce and stores will enable both individual entrepreneurs and large corporations to attract new customers and receive payments in their local currency within 24-hours without the cost of chargebacks and high fees.
"For many, the real promise of cryptocurrency lies in how it can improve our ability to pay for everyday goods and services," said Clic Technology CEO Roman Bond. "Our solution turns cryptocurrencies like Bitcoin, Ethereum and Litecoin into real cash, in real time, real easy. That's a win-win scenario for merchants and consumers alike."
Cryptocurrency products like Bitcoin have surged in popularity over the last decade, as both large banks and wealthy consumers explore digital currency as a quicker, more secure way of completing financial transactions. Financial institutions and investors have been emboldened by the performance of companies like mobile payments firm Square, which raked in over $166 million of Bitcoin revenue in 2018 alone. According to Coinbase, a digital currency exchange headquartered in San Francisco, $132 billion in value is currently stored in cryptocurrencies worldwide.
About CLIC Technology, Inc.:
The Company, a "Financial Technology" company, is the developer and marketer of new cutting-edge blockchain products and services. It is the developer of a revolutionary "crypto-payment gateway system" that allows consumers to use cryptocurrency to make routine purchases on-line and from brick-and-mortar merchants 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 in the coming months in a phased rollout to occur in the United States and other major markets.
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CLIC TECHNOLOGY, INC.