Vancouver, British Columbia--(Newsfile Corp. - October 5, 2017) - Glance Technologies (CSE: GET) (CSE: GET.WT) (FSE: GJT) (OTCQB: GLNNF) has entered into an alliance with Netcoins Inc. Canadian-based Netcoins, (www.gonetcoins.com) currently provides virtual ATM software to more than 4,000 retail locations, allowing users to instantly purchase bitcoins with cash or debit.
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Glance Technologies owns and operates Glance Pay, a streamlined payment system that revolutionizes how smartphone users choose where to dine, order goods and services, make payments, access digital receipts, earn great rewards and interact with merchants.
The alliance between Glance and Netcoins will give people better access to both buying and spending bitcoin. Having recently traded as high as US$5,000, and with as estimated 16 million bitcoins in existence, the market capitalization for bitcoins has surpassed US$80 billion.
On of the current difficulties in using bitcoin is the time it takes to complete a transaction, which can vary from minutes to, in many cases, hours. Glance allows bitcoins to be converted to Glance Dollars, giving customers the ability to make "lightning fast transactions".
Michael and Dominic Vogel, Netcoins' founders, will act as advisors to Glance, as Glance enters the exciting cryptocurrency sector. These advisors join top global Fintech influencer, Spiros Margaris, who recently joined Glance's advisory board.
Spiros Margaris commented: "I see Glance Pay as one of the great fintech opportunities that one does not come across often. The team has proven that it knows how to execute its strategy successfully in Canada and I am convinced they can do the same in the U.S. I am excited to be part of such a great team and to contribute as an Advisory Board member to the Glance Pay success story."
As part of his engagement, Spiros will assist Glance in identifying opportunities for growth in the FinTech sector internationally and provide advice on strategy.
Dominic Vogel, Co-founder of NetCoin stated: "We are thrilled to have the opportunity to work with the awesome people at Glance Technologies and offer up our collective bitcoin and cyber security expertise."
Desmond Griffin, CEO of Glance, stated: "Cryptocurrencies and blockchain technologies are transforming payments and security. We are committed to being at the forefront of payments, security, and mobile technologies and are excited by the possibilities of combining our anti-fraud technologies with cryptocurrencies. We are also thrilled to add 2 more experts to our advisory board as we continue innovating in these leading-edge domains."
Glance has entered into significant licensing agreements to access the cannabis, fitness and wellness industries through Active Pay Distribution Inc. and Cannapay Financial Inc. Cannapay, a partially owned subsidiary, combines traditional financial services with innovative technology to provide enhanced digital financial services to legally operating businesses in the cannabis industry.
Glance is well financed having recently added $5.2 million to its treasury through the exercise of options and warrants. The shares are trading at $0.90, and with 94 million shares outstanding, the company is capitalized at $85 million.
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