Monday, June 27, 2022

GLANCE TECHNOLOGIE (OTCMKTS:GLNNF) Continues Looking Upward

GLANCE TECHNOLOGIE (OTCMKTS:GLNNF) has shot up today a solid 16% in afternoon trading. GLNNF has taken a serious correction over the last month. The unveiling of the new app appears to have strengthened investor confidence in the stock. Not to mention, the Glance Pay App will soon be connected to a Glance Coin, which is what really set this bullish run stampeding.
GLNNF’s technology does not need custom hardware for swiping cards or using chips and pin machines. This places Glance Technologies advantageously in the multi-billion payment services business. “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. 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,” said CEO Desmond Griffin.
GLANCE TECHNOLOGIE (OTCMKTS:GLNNF) bills itself as a company that owns and operates Glance Pay, a streamlined payment system that allows customers to pay their restaurant bill instantly with their mobile device and that combines in-app messaging with social media marketing.
Glance Pay revolutionizes how smartphone users choose where to dine, settle their restaurant bills, access their payment records and interact with their favorite restaurants.
Glance Pay intends to become the industry standard as one of the four pillars in restaurant payments, besides credit cards, debit cards, and cash. Glance is building a valuable network of restaurants and consumers and offers targeted in-app marketing, customer feedback, in restaurant messaging, custom rewards programs, search engine optimization and social media promotions and management for restaurants.
According to company materials, “Glance Technologies owns and operates Glance Pay, a streamlined payment system that revolutionizes how smartphone users choose where to dine, order goods and services, make payments, access digital receipts, redeem digital deals, earn great rewards & interact with merchants. Glance is building a valuable network of merchants and consumers, and offers targeted in-app marketing, geo targeted digital coupons, customer feedback, in-merchant messaging and custom automated rewards programs. The Glance Pay mobile payment system consists of proprietary technology, which includes user apps available for free downloads in IOS (Apple) and Android formats, merchant manager apps, a large scale technology hosting environment with sophisticated anti-fraud technology and lightning fast payment processing. Glance Pay has entered into significant licensing agreements to access the cannabis, fitness and wellness, foreign student and tourist markets through Cannapay Financial Inc., Active Pay Distribution Inc. and Euro Asia Pay Holdings Inc. Glance Pay is currently developing a rewards based cryptocurrency to be integrated into its platform.”
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The company released this press release, wherein its crypto strategy was defined. Here is the gist:“The Glance token will be granted as rewards to users of the Glance Pay mobile payment app every time they spend on the Glance Pay mobile payment network, whether they have paid with the new cryptocurrency or via other payment methods.” If GLNNF is able to grow at the same pace the cryptocurrency sector is growing, we could see the share price increase grow even more. The company reminded that “market cap of all cryptocurrencies has gone from $17 billion USD one year ago to over $245 billion this week, which is an increase of over 1,340%.”
Now commanding a market cap of $308.45M, GLNNF is an exciting story. We expect this run to continue even with some bitcoin volatility in the background. Plus, the company has an ICO possibly coming soon – this stock will be hot for some time with the run up to the launch. Stay abreast of the news with updates here. Sign-up for continuing coverage on shares of $GLNNF stock, as well as other hot stock picks, get our free newsletter today and get our next breakout pick!
Disclosure: we hold no position in $GLNNF, either long or short, and we have not been compensated for this article.

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