Glance Technologies Inc. (OTCQB: GLNNF) (CSE: GET) is pleased to announce that Netcoins Inc., who enables approximately 4,000 stores to become bitcoin teller locations through virtual ATM software, has entered into an alliance with Glance Technologies. Netcoins Inc. provides an easy way for people to buy bitcoins whereas Glance will allow users to spend their bitcoins quickly and easily via Glance Pay.
According to blockchain.info the price of bitcoin has increased over 600% during the past year, making the current market capitalization of bitcoin over $72 billion USD. This means there is 6 times as much purchasing power in the bitcoin community versus just 1 year ago, with still limited opportunities to spend bitcoins compared to traditional currencies.
The alliance between Netcoins and Glance will give people better access to both buying and spending bitcoin. One of the current difficulties in using bitcoin is the time it takes to complete a transaction, which can be many minutes and in some cases many hours. Glance can help solve this problem by allowing bitcoins to be converted to Glance Dollars, which can then be used to make lightning fast transactions using the Glance Pay app.
In conjunction with the alliance, Michael Vogel and Dominic Vogel (the founders of Netcoin) have agreed to act as Glance's advisers regarding cryptocurrencies. These advisors join Spiros Margaris on Glance's advisory board, who has been recognized as the No. 1 top global Fintech influencer by Onalytica.com and No. 10 overall Blockchain influencer by Right Relevance.
"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," says Netcoin Co-founder Dominic Vogel.
"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," says Glance CEO Desmond Griffin. "We are also thrilled to add 2 more experts to our advisory board as we continue innovating in these leading edge domains."
Glance has been successful with its warrant acceleration program and from August 1, 2017 to September 29, 2017 it received over $5.2 million through the exercise of options and warrants.
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