GLANCE TECHNOLOGIE (OTCMKTS:GLNNF) fell 13.7% as the payment systems provider continued to strengthen its presence in the blockchain sector with key appointments. Over the past month, the company has strengthened its management team with four Fintech experts as it moves to pursue growth opportunities in the fast-growing sector.
GLANCE TECHNOLOGIE (OTCMKTS:GLNNF) impressive run took a hit in Tuesday’s trading session even as Bitcoin continued to touch record highs. However, the stock is still trading in an uptrend and close to its 52-week high of $1.31 a share. For the full year, the stock is up by more than 500%, a performance that reflects bitcoin’s performance for the year.
Strategist Dinis Guarda is the latest person to join the company’s advisory board. Guarda is ranked as the 5th most influential influencer in the Blockchain sector. Glance Technologies plans to leverage his influence and expertise to secure the teams needed for a possible initial coin offering for rewards based cryptocurrency.
“Dinis adds tremendous value to our advisory team through his extensive network and his deep knowledge and experience in Fintech and blockchain,” says Penny Green, Glance President & COO. “We plan to work with Dinis and our other advisors to build glance a world-leading cryptocurrency advisory network with 20 – 30 members.”
Guarda joins Alexander Perkins who has also joined the company’s advisory board. Perkins is a blockchain advisor and a Fintech consultant with expertise in Initial coin offering.
Cryptocurrency Growth Push
The appointment comes at a time when GLANCE TECHNOLOGIE (OTCMKTS:GLNNF) is planning to use its highly successful proprietary anti-fraud technology in its own rewards based cryptocurrency. The company plans to deploy elements of the anti-fraud technology to secure transactions on cryptocurrencies. There are also plans to use the technology to lower fees associated with converting traditional currencies to and from cryptocurrencies.
In addition, GLANCE TECHNOLOGIE (OTCMKTS:GLNNF) plans to launch a new cryptocurrency that will give customers an opportunity to earn cryptocurrency rewards every time they use the Glance Pay app to make a payment.
“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,” said CTO, Angela Griffin.
I have no positions in any of the stocks mentioned, and have no plans to initiate any positions within the next 72 hours. All information, including any data, is provided without any guarantees of accuracy.
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