Glance Technologies Inc (OTCMKTS:GLNNF) is adding a new feature that will make it possible for Glance Pay users to make payments using Bitcoin. This upcoming feature is called Pay With Bitcoin and there are several interesting aspects about it. One of them is that it will facilitate the pairing of the Glance Pay accounts with cryptocurrency wallets. Quite a significant number of users are pleased after receiving the news that they will be purchasing the Glance Dollars using Bitcoin.
Desmond Griffin is the current CEO of Glance Technologies. He made a number of points in a recent interview and most of them have to do with the plans the company has underway. They are progressive plans that will see the company compete effectively in a market characterized by stiff competition.
He opined, “We are committed to being at the forefront of payment technology as part of our long-term growth strategy. This feature 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.”
The state of affairs
Pay With Bitcoin is a step towards the right direction more so considering that the company is currently working on ways to advance its blockchain infrastructure. There is no doubt about it that Bitcoin is currently the pre-eminent cryptocurrency around the globe.
Even with that said it is important to outline that it pulls along with several challenges. One of the challenges is that the transactions associated with Bitcoin take quite long to be completed. With the latest feature, this problem will be faced out with immediate effect and customers will thus be able to enjoy fast payments.
Reports indicate that quite a large number of merchants have been skeptic about the adoption of cryptocurrency payments. This has been ongoing for over quite a long period of time. They have been complaining about the cryptic and complicated mechanisms for setting up cryptocurrency wallets as well as their proper management.
An official working with the company while addressing reporters outlined that they were at the moment previewing a wide range of the PayMe™ Features, the QR Code payments being one of them.