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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 …
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
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