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VANCOUVER, British Columbia, 20 December 2018 (GLOBE NEWSWIRE) – Glance Technologies Inc. ("Glance" or "Company") (CSE: GET.CN) (OTCQB: GLNNF) (FKT: GJT) is pleased to announce that it has deposited a provisional patent application at the United States Patent and Trademark Office, aimed at methods, systems and techniques for cryptographic token transfers.
This patent application is for a fundamental technology to reduce costs and improve the speed and efficiency of cryptocurrency transactions, even where the value of the transaction may be relatively small, as well as to facilitate the conversion between cryptocurrencies whose transactions they are recorded on different blockchains. It also facilitates the storage of information of different levels of sensitivity on authorized blockchains in different ways, which can be useful when privacy is important.
Glimmer CEO Desmond Griffin states that "some of the current obstacles to cryptocurrency for daily payments are high transaction costs for small-value transactions, low execution speed when trying to pay in real time and potential disclosure of more information to be desired by a user This patent application proposes various technological solutions that can be used to solve these problems.The goal of Glance is to make cryptocurrency payments practical for day-to-day payment situations. "
Glance believes that blockchain and cryptocurrency are fundamentally transformative technologies, providing important opportunities for early pioneers in this space. In addition to facilitating cryptocurrency transactions, the technology described in this patent application is applicable to Glance Coin loyalty reward to enable Glance dealers to reward and provide offers and incentives to customers.
About Glance Technologies Inc.
Glance Technologies is the owner of Glance Pay is Glance PayMe, a pair of payment apps for complementary smartphones that enable merchants to provide their customers with fast, secure payments, digital prizes and a better customer experience.
For more information on Glance, go to www.glance.tech.
For more information, contact:
Paola Ashton
VP Business Development
(833) 338-0299
[email protected]
Neither the Canadian Securities Exchange nor its Regulation Services Provider (as defined by this term in the policies of the Canadian Securities Exchange) accept responsibility for the adequacy or accuracy of this release.
Forward-looking statements
This press release contains forward-looking information or forward-looking statements (collectively "forecasts") in accordance with applicable securities laws. Forward-looking information is generally identified by words such as "can", "believe", "think", "expect", "explore", "expand", "could", "anticipate", "understand", "estimate", "Plan", "pursue", "potential", "projected", "should", "will" and similar expressions or are those which, by their nature, refer to future events. These forward-looking statements, involving risks and uncertainties, concern, among other things, the discussion of Glance's business strategies and its expectations regarding future operations, the company's ability to receive approval for applications. patent and that the technology described in the patent be applicable to Glance Coin loyalty reward token. Although Glance considers such forward-looking statements as reasonable based on currently available information, they may prove to be incorrect and the forward-looking statements contained in this release are subject to numerous risks, uncertainties and other factors that could cause future results. to differ materially from those expressed or implied by such forward-looking statements. These risk factors include, among other things, the risks that Glance's patent applications may not be approved and the risks involved in the development of the Glance Coin loyalty reward token, including the risks that Glance's technology will not reduce costs and it will improve the speed and efficiency of cryptocurrency transactions or allow the dissemination of different levels of information communication. The forward-looking information contained in this press release is also based on certain estimates, forecasts and projections, as well as expectations, beliefs and assumptions, including, among other things, that Glance will be able to achieve its commercial and technological development objectives. . For more information on these and other factors and assumptions underlying the forward-looking statements in this press release, please refer to the section headed "Risk Factors" in the most recent Annual Information Form and Prospectus, which can be accessed through the Glance profile on SEDAR at www.sedar.com. Glance warns investors that any prospective information provided by Glance is not a guarantee of future performance or performance and that actual results may differ materially from those contained in forward-looking statements. One should not rely excessively on such forward-looking information, as it is not possible to guarantee that the plans, intentions or expectations on which they are based will occur.
