GLANCE TECHNOLOGIE (OTCMKTS:GLNNF) shares gained 11.1% after the financial technology company unveiled a new version of its Glance Pay Merchant app. According to the company, the new app should enable viral adoption among merchants as it moves to provide payment services similar to ones exploding in China.
GLNNF Stock Performance
The unveiling of the new app appears to have strengthened investor confidence in the stock. The stock is currently trading in an uptrend and close to its 52-week high of $1.31 a share. For the full year, GLANCE TECHNOLOGIE (OTCMKTS:GLNNF) is up by more than 100%.
Renewed investor interest in Glance Technologies follows the announcement that the company is set to pursue opportunities in the cryptocurrency sector. The company has already made bold moves with key appointments as it moves to expand its footprint in the fast-growing sector.
GLANCE TECHNOLOGIE (OTCMKTS:GLNNF)’s proprietary anti-fraud technology also appears to have caught investors’ attention. The company has already developed a mobile payment system consisting of the technology which includes a number of user apps currently available for downloads.
The technology does not need custom hardware for swiping cards or using chips and pin machines. This places Glance Technologies advantageously in the multi-billion payment services business.
“We are excited about opening our merchant app to a much larger audience and allowing them to get up and running very quickly with our upcoming app. And if you look ahead, custom hardware is not required to process cryptocurrency payments, and thus we believe we are well positioned with this new app,” said CEO Desmond Griffin.
Blockchain Sector Entry
The appointment of strategists Dinis Guarda and Alexander Perkins marks yet another important milestone as the company tries to increase its presence in the blockchain sector. The two appointment brings the total number of Fintech appointments to five.
Guarda, who is ranked as the 5th most influential influencer in the blockchain sector, should help the company in the development of an initial coin offering for a rewards system, to be integrated into Glance Pay mobile payment.
“I like the Glance Technologies vision and I’m excited to be on board to help develop its blockchain solution. With its mobile payment technology and its position as a publicly traded company, Glance has enormous potential in the cryptocurrency space,” said Mr. Guarda
Perkins, a blockchain advisor and Fintech consultant, should help GLANCE TECHNOLOGIE (OTCMKTS:GLNNF) in the launch of new cryptocurrency that will give customers an opportunity to earn cryptocurrency rewards.
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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