Glance to Acquire Cryptocurrency Technology From a Top Blockchain Influencer

Glance Technologies (CSE:GETN; OTCQB:GLNNF) has announced it has entered into a non-binding letter of intent to acquire blockchain and cryptocurrency with rewards tokenization platform Blockimpact from Ztudium.
As quoted in the press release:

The LOI contemplates that Glance will acquire all of the intellectual property comprising the Blockimpact platform in consideration for payment to Ztudium of US$1.1 million, 80% of which will be paid upon closing of the acquisition and 20% of which shall be paid on completion of the integration of Blockimpact with the Glance Pay mobile payment platform. Glance has paid Ztudium US$100,000 towards the purchase price.

Blockimpact is a full end-to-end cryptocurrency blockchain solution, which includes the following features:
• Biometric ID
• Blockchain Distributed Ledger Technology
• Digital messaging / group chat (with functionality similar to Whatsapp)
• Financial wallet
• Open application program interface
• Crypto/token/fiat wallet (which allows seamless conversion between currencies)
• Reward system
• Encrypted cyber security
• In-app support system
• Document sharing
• Social network features
• Peer to Peer marketplace functionality

Click here to read the full press release.