BIG Blockchain Intelligence Group Forms Strategic Alliance with Mobile Payment Solutions Leader, Glance Technologies Inc.
- Glance Pay is a proprietary, streamlined mobile payment system
- Glance has significant licensing agreements with companies in the sectors of cannabis, fitness and wellness, in addition to foreign students and tourism
- Glance is developing its own Glance Coin cryptocurrency
Vancouver, British Columbia--(Newsfile Corp. - July 17, 2018) - BIG Blockchain Intelligence Group Inc. (CSE: BIGG) (WKN: A2JSKG) (OTC Pink: BBKCF) ("BIG" or "the Company"), a leading developer and provider of blockchain and cryptocurrency search, risk-scoring and data analytics tools and investigation services, and Glance Technologies Inc. ("Glance"), a leading mobile payments company, today jointly announced they have entered into a Strategic Alliance Agreement (the "Agreement").
Under the terms of the Agreement, BIG and Glance will work together to:
(a) establish a mutual referral and strategic marketing relationship;
(b) further explore ways to work together; and
(c) collaboratively market and promote the businesses of both BIG and Glance.
Glance's focus is to streamline mobile payment services. Glance owns and operates Glance Pay, a proprietary, streamlined payment system that revolutionizes how smartphone users choose where to shop, order goods and services, make payments, access digital receipts, redeem digital deals, earn loyalty rewards and interact with merchants. Their Glance Merchant service works with Glance Pay to allow businesses to accept mobile payments instantly and provide superior analytics. Glance is also developing its own cryptocurrency, Glance Coin, a reward token, with the objective of simplifying and enabling the adoption of cryptocurrency into everyday life. Glance Coin will give consumers instant access to a network of preferred merchants who not only accept Glance Coin, but also offer member-only crypto-based loyalty rewards that help customers build their crypto account with every dollar they spend.
"We're excited to explore the strategic ways we can work with Glance to the mutual benefit of both companies," said BIG CEO, Lance Morginn. "Glance's current work on developing Glance Coin as a rewards-based cryptocurrency to be integrated into their platform could be a natural fit with the tools and services BIG offers. In the case of Glance Pay, there could be possibilities of cross-integrations or introductions to potential clients as Glance has significant licensing agreements in place with companies in markets ranging from cannabis to fitness and wellness, and foreign students and tourism. We look forward to working with Desmond and the team of experts at Glance."
Desmond Griffin, CEO of Glance commented: "I see this agreement as just the beginning of working with BIG to position both our companies front and center in the global market. As the co-founder of a previous company that processed tens of millions of mobile payments for millions of consumers in 100+ cities around the world, I know you can only build a global presence and client base through this type of partnership and collaboration. We will accomplish so much more by working together. My team and I welcome the opportunities and the chance to work with BIG's team in the days to come."
On behalf of the Board,
Chief Executive Officer
About Glance Technologies Inc.
Glance Technologies owns and operates Glance Pay, a streamlined payment system that revolutionizes how smartphone users choose where to shop, order goods and services, make payments, access digital receipts, redeem digital deals, earn great rewards and interact with merchants. Glance offers targeted in-app marketing, geo-targeted digital coupons, customer feedback, in-merchant messaging and custom 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 also owns an end-to-end blockchain solution for a rewards-based cryptocurrency which is currently being integrated into the Glance Pay App.
For more information about Glance, please go to www.glance.tech.
About BIG Blockchain Intelligence Group Inc.
BIG Blockchain Intelligence Group Inc. (BIG) brings security and accountability to the new era of cryptocurrency. BIG has developed from the ground up a Blockchain-agnostic search and analytics engine, QLUETM, enabling Law Enforcement, RegTech, Regulators and Government Agencies to visually trace, track and monitor cryptocurrency transactions at a forensic level. Our commercial product, BitRank VerifiedTM, offers a "risk score" for Bitcoin wallets, enabling RegTech, banks, ATMs, exchanges, and retailers to meet traditional regulatory/compliance requirements. Our Forensic Services Division brings our team of investigative experts into action for investigations that require in-depth expertise and experience, either in conjunction with or supplemental to our user-friendly search, risk-scoring and data analytics tools.
About BitRank VerifiedTM
BIG developed BitRank VerifiedTM to be the industry gold standard in ranking and verifying cryptocurrency transactions. BitRank VerifiedTM offers the financial world a simplified front-end results page, enabling consumer-facing bank tellers, exchanges, eCommerce sites and retailers to know whether a proposed transaction is safe to accept, questionable, or should be denied. BitRank VerifiedTM and its API are custom tailored to provide the RegTech sector with a reliable tool for meeting their regulatory requirements while mitigating exposure to risk of money laundering or other criminal activities.
QLUE™ (Qualitative Law Enforcement Unified Edge) enables Law Enforcement, RegTech, Regulators and Government Agencies to literally "follow the virtual money". QLUE™ incorporates advanced techniques and unique search algorithms to detect suspicious activity within bitcoin and cryptocurrency transactions, enabling investigators to quickly and visually trace, track and monitor transactions in their fight against terrorist financing, human trafficking, drug trafficking, weapons trafficking, child pornography, corruption, bribery, money laundering, and other cyber crimes.
Investor Relations - USA
KCSA Strategic Communications
Valter Pinto, Managing Director
Scott Eckstein, VP of Market Intelligence
Investor Relations - Canada
Skanderbeg Capital Advisors
BIG Investor Relations
Certain statements in this release are forward-looking statements, which include completion of the search technology software and other matters. Forward-looking statements consist of statements that are not purely historical, including any statements regarding beliefs, plans, expectations or intentions regarding the future. Such information can generally be identified by the use of forwarding-looking wording such as "may", "expect", "estimate", "anticipate", "intend", "believe" and "continue" or the negative thereof or similar variations. Readers are cautioned not to place undue reliance on forward-looking statements, as there can be no assurance that the plans, intentions or expectations upon which they are based will occur. By their nature, forward-looking statements involve numerous assumptions, known and unknown risks and uncertainties, both general and specific that contribute to the possibility that the predictions, estimates, forecasts, projections and other forward-looking statements will not occur. These assumptions, risks and uncertainties include, among other things, the state of the economy in general and capital markets in particular, and other factors, many of which are beyond the control of BIG. Forward-looking statements contained in this press release are expressly qualified by this cautionary statement. Undue reliance should not be placed on the forward-looking information because BIG can give no assurance that they will prove to be correct. Important factors that could cause actual results to differ materially from BIG's expectations include, consumer sentiment towards BIG's products and Blockchain technology generally, technology failures, competition, and failure of counterparties to perform their contractual obligations.
The forward-looking statements contained in this press release are made as of the date of this press release. Except as required by law, BIG disclaims any intention and assumes no obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise. Additionally, BIG undertakes no obligation to comment on the expectations of, or statements made by, third parties in respect of the matters discussed above.