Glance Technologies Inc. (OTCQB: GLNNF) (CSE: GET), a leading mobile payments company, and BIG Blockchain Intelligence Group Inc. (“BIG”), a leading developer of Blockchain technology search, data analytics solutions, today jointly announced they have entered into a Strategic Alliance Agreement (the “Agreement”)
Under the terms of the Agreement, BIG and Glance will work together to:
(a) establish a mutual referral and strategic marketing relationship;
(b) further explore ways to work together; and
(c) collaboratively market and promote the businesses of both BIG and Glance.
BIG brings security and accountability to the new era of cryptocurrency. BIG has developed from the ground up a Blockchain-agnostic search and analytics engine, QLUE™, enabling Law Enforcement, RegTech, Regulators and Government Agencies to visually trace, track and monitor cryptocurrency transactions at a forensic level. BIG’s commercial product, BitRank Verified™, offers a “risk score” for Bitcoin wallets, enabling RegTech, banks, ATMs, exchanges, and retailers to meet traditional regulatory/compliance requirements. Big’s Forensic Services Division brings its team of investigative experts into action for investigations that require in-depth expertise and experience, either in conjunction with or supplemental to its user-friendly search, risk-scoring and data analytics tools.
BIG developed BitRank Verified™ to be the industry gold standard in ranking and verifying cryptocurrency transactions. BitRank Verified™ offers the financial world a simplified front-end results page, enabling consumer-facing bank tellers, exchanges, eCommerce sites and retailers to know whether a proposed transaction is safe to accept, questionable, or should be denied. BitRank Verified™ and its API are custom tailored to provide the RegTech sector with a reliable tool for meeting their regulatory requirements while mitigating exposure to risk of money laundering or other criminal activities.
“We’re excited to explore the strategic ways we can work with Glance to the mutual benefit of both companies,” said BIG CEO, Lance Morginn. “Glance’s current work on developing Glance Coin as a rewards-based cryptocurrency to be integrated into their platform could be a natural fit with the tools and services BIG offers. In the case of Glance Pay, there could be possibilities of cross-integrations or introductions to potential clients as Glance has significant licensing agreements in place with companies in markets ranging from cannabis to fitness and wellness, and foreign students and tourism. We look forward to working with Desmond and the team of experts at Glance.”
Desmond Griffin, CEO of Glance commented: “I see this agreement as just the beginning of working with BIG to position both our companies front and center in the global market. As the co-founder of a previous company that processed tens of millions of mobile payments for millions of consumers in 100+ cities around the world, I know you can only build a global presence and client base through this type of partnership and collaboration. We will accomplish so much more by working together. My team and I welcome the opportunities and the chance to work with BIG’s team in the days to come.”
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