Glance Technologies Previews Feature Enabling Payments with Bitcoin

Glance Technologies (CSE:GETN) has announced a new feature that will enable Glance Pay users to pay with bitcoin.

As quoted in the press release:

The new feature, Pay With Bitcoin, will enable Glance Pay users to pair their cryptocurrency wallet with their Glance Pay account, and then purchase Glance Dollars with Bitcoin. Glance Dollars represent a credit that can be spent instantly at participating merchants within the Glance Pay ecosystem.

“We are committed to being at the forefront of payment technology as part of our long-term growth strategy,” says Glance Technologies CEO Desmond Griffin. “This feature allows Glance users to unlock the value of their crypto assets for use in their everyday lives while seamlessly opening up a new cutting-edge payment method for merchants.”

Pay With Bitcoin marks an important step forward as Glance advances its blockchain infrastructure. Bitcoin is the world’s pre-eminent cryptocurrency, however, one of the problems  with Bitcoin payments are that transactions can take hours to complete. Glance’s new feature will solve this problem by enabling lightning-fast payments.

Historically, one of the barriers to adoption of cryptocurrency payments by merchants has been the cryptic and complicated process of setting up cryptocurrency wallets and managing them. Glance will allow merchants to receive payments in fiat without requiring any knowledge of how to use cryptocurrency.

Click here to read the full press release.