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Glance Announces Completion of the Acquisition of Cryptocurrency Technology Blockimpact(December 06, 2017)
VANCOUVER, British Columbia, Dec. 06, 2017 (GLOBE NEWSWIRE) -- Glance Technologies Inc. (CSE:GET.CN) is pleased to announce the completion of the purchase of the Blockimpact end-to-end cryptocurrency and blockchain solution from Ztudium Inc. In addition to acquiring the technology, Glance intends to leverage Ztudium’s experience and expertise in the crypto space as consultants with Dinis Guarda, CEO of Ztudium, joining Glance’s board of advisors.
On December 5, 2017 Glance entered into a definitive agreement to acquire all of the intellectual property comprising the Blockimpact platform in consideration for payment to Ztudium of US$1.1 million, 80% of which has already been paid and 20% of which shall be paid on completion of the integration of Blockimpact with the Glance Pay mobile payment platform.
Glance is now initiating the integration of Blockimpact with Glance Pay.
Blockimpact is a complete end-to-end cryptocurrency blockchain solution, which includes the following features:
- Biometric ID
- Blockchain Distributed Ledger Technology
- Digital messaging / group chat (with functionality similar to Whatsapp)
- Financial wallet
- Open application program interface (API)
- Crypto/token/fiat wallet (which allows seamless conversion between currencies)
- Reward system
- Encrypted cyber security
- In-app support system
- Document sharing
- Social network features
- Peer to Peer marketplace functionality
About Glance Technologies Inc.
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, redeem digital deals, earn great rewards & interact with merchants. Glance is building a valuable network of merchants and consumers, and offers targeted in-app marketing, geo targeted digital coupons, social media marketing, 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. Glance Pay has entered into significant licensing agreements to access the cannabis and fitness and wellness industries through Active Pay Distribution Inc. and Cannapay Financial Inc.
For more information about Glance, please go to www.glance.tech.
For more information, contact:
Vice President, Investor Relations
Neither the Canadian Securities Exchange nor its Regulation Services Provider (as that term is defined in the policies of the Canadian Securities Exchange) accepts responsibility for the adequacy or accuracy of this release.
This press release contains forward-looking information or forward-looking statements (collectively "forward-looking information") within the meaning of applicable securities laws. Forward-looking information is typically identified by words such as: "believe", "expect", "anticipate", "intend", "estimate", "potentially" and similar expressions, or are those, which, by their nature, refer to future events. Glance cautions investors that any forward-looking information provided by Glance is not a guarantee of future results or performance, and that actual results may differ materially from those in forward-looking complete discussion of such risk factors and their potential effects which may be accessed through the Glance's profile on SEDAR at www.sedar.com.