VANCOUVER, British Columbia, Nov. 22, 2017 Glance Technologies Inc. (CSE:GET.CN) / (OTCQB:GLNNF) / (FKT:GJT) further defines its crypto strategy. The Glance token will be granted as rewards to users of the Glance Pay mobile payment app every time they spend on the Glance Pay mobile payment network, whether they have paid with the new cryptocurrency or via other payment methods. This strategy is intended to support rapid adoption of the cryptocurrency to a broad range of consumers, although the app will also be marketed to crypto users in leading urban centres.
Glance also intends to apply elements of its anti-fraud technology to cryptocurrencies to reduce the risk associated with converting traditional currencies to and from cryptocurrencies.
The market cap of all cryptocurrencies has gone from $17 billion USD one year ago to over $245 billion this week, which is an increase of over 1,340% (according to coinmarketcap.com). This incredible expansion of the cryptocurrency market demonstrates a significant increase in demand for cryptocurrencies and increased demand for ways to spend them.
Glance is currently reviewing experienced cryptocurrency teams to assist in the development of the creation of a new rewards based cryptocurrency to be integrated with the Glance Pay mobile payment network.
Based on discussions with Glance’s cryptocurrency advisors and through its own internal research, Glance’s management believes the following are some of the key factors driving successful cryptocurrencies:
- Proven management and technical team
- Proven cryptocurrency team
- Large network of cryptocurrency advisors and partners for strategy and raising awareness in the cryptocurrency community
- Access to a network or community which would significantly benefit from usage of the cryptocurrency
- Access to funding to build the technology and to raise awareness for the cryptocurrency
Glance believes that it is well positioned in relation to these factors and is actively looking to increase its capabilities on all fronts.