Glance Technologies launches Bitcoin payment system
Glance Technologies, a simplified mobile payments technology announced in a press release on Thursday that it has launched a new payment system with Bitcoin. Users of Glance Pay are allowed to now pair their cryptocurrency wallets with their account at Glance Pay after which they can buy Glance Dollars using Bitcoin. Glance Dollar is used as an instant payment at merchants within the Global Pay ecosystem. This feature is named as “Pay with Bitcoin.”
“We are continually building out new payment features to ensure our platform is at the forefront of technology. Pay With Bitcoin 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,” said Desmond Griffin, CEO of Glance Technologies.
According to the press release, the company has been advancing its blockchain infrastructure and the ‘Pay with Bitcoin’ feature marks an important step in its advancement. Usually payments with the help of Bitcoin will take a long time to complete but with Glance’s lightning fast payment system rubbishes such traditional systems of payment.
The press releasealso states that since merchants find it difficult to adopt to managing and using cryptocurrency wallets, Glance enables merchants to receive payments in fiat currency without having the need to understand cryptocurrencies.
Without the requirement of any external hardware, merchants can receive payments through a range of payment options all on one mobile device. The payment system includes a superior anti-fraud technology and a sturdy loyalty rewards program.
Glance has assured that there is a growing demand for Bitcoin related payments by noting an increase in Bitcoin transaction sales at Square. In Q3, Square made sales of $43 million which is an increase $6 million over its previous quarter.
Image via Shutterstock
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