Fintech

Glance Technologies (CSE:GET; OTCQB:GLNNF) has announced a new version of its Glance Pay Merchant app that will let merchants download an app that accepts Glance payments and rewards within minutes. As quoted in the press release: Glance believes this should help enable viral adoption of its technology amongst merchants and positions Glance Pay to be …

Glance Technologies (CSE:GET; OTCQB:GLNNF) has announced a new version of its Glance Pay Merchant app that will let merchants download an app that accepts Glance payments and rewards within minutes.
As quoted in the press release:

Glance believes this should help enable viral adoption of its technology amongst merchants and positions Glance Pay to be able to provide payment services that are similar to the ones exploding in China.
According to a report released by the UN-based Better Than Cash Alliance, users sent $1.7 trillion in total payments through Alibaba’s Alipay service last year, up from only $70 billion in 2012; Tencent’s WeChat users sent about $1.2 trillion in 2016, up from $11.6 billion in 2012.
Companies like Square have done a fairly good job of making it easy for merchants to be up and running to accept payments. However, their solutions require custom hardware, which is an extra expense and barrier and requires waiting for hardware to be delivered. Glance’s track record of success with it’s anti-fraud technology means it doesn’t need to use custom hardware for swiping cards or using chip and pin machines.
“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,” says Glance CEO Desmond Griffin, “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.”
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