Vancouver, British Columbia--(Newsfile Corp. - November 1, 2017) - Glance Technologies (CSE: GET) (FSE: GJT) (OTCQB: GLNNF)
(CSE: GET.WT) intends to launch a new cryptocurrency giving customers the opportunity to earn cryptocurrency rewards every time
they use the Glance Pay app to make a payment. Glance Pay, a subsidiary of Glance Technologies, has developed a mobile payment
system, consisting of proprietary technology, which includes a number of user apps, currently available for free downloads in Apple
and Android formats.
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Glance's new cryptocurrency can be used throughout the suite of Glance Pay and its affiliated applications as well as outside
Glance Pay's platform, earning cryptocurrency rewards with every transaction, even when the payment is made with a cryptocurrency.
Management believes this will support rapid adoption of the cryptocurrency by a broad range of consumers, giving many their first
cryptocurrency experience.
Cryptocurrency growth is exploding, with the capitalization for bitcoin alone exceeding US$105 billion according to www.CoinMarketCap.com, with the total capitalization of the top 100 cryptocurrencies surpassing
US$181 billion.
Angela Griffin, CTO of Glance, stated: "We believe that there is an enormous potential for cryptocurrencies to change the
payments and rewards landscape. We are excited to leverage blockchain technology to disrupt the global payments industry with our
proven mobile payment and anti-fraud technologies."
Since integrating Glance's current version of anti-fraud technology into the Glance Pay app this year, the platform has
experienced zero fraud across all of its live locations, a considerable achievement compared to the 6% fraud that Apple Pay saw on
its launch.
This year Glance launched Glance Pay Anywhere, which allows merchants to send bills and payment requests to customers, no matter
their location. The apps popularity combined with its high level of security and business model have made it an attractive
licensing partner in a variety of high-growth industries, with the company having signed $3 million in licensing agreements to
date. These sectors include the legal marijuana industry, health, fitness and beauty.
According to consulting firm iResearch, in 2016, China's mobile payments industry hit US$5.5 trillion, roughly 50 times the size
of America's US$112 billion. To address this potential market, Glance recently announced a licensee with Euro Asia Pay, tailored
for the Chinese community in North America.
Glance continues to expand its development team and technical capabilities, recently announcing the addition of three
cryptocurrency experts to its advisory board.
Following its IPO in September 2016 at $0.15, the company has demonstrated remarkable growth. Glance shares are trading at
$1.09, and with 122 million shares outstanding, the company is capitalized at $133 million.
For more information please visit the company's website www.glance.tech or contact
Christina Rao, Vice President, Investor Relations, at 604-723-7480 or email investors@glancepay.com.
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