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Wednesday, November 15, 2017 12:39:58 PM
Fintec Cryto Blockchain leaders SQ & GLNNF NEWS
Square Cash is letting some users buy and sell Bitcoin
Posted 12 hours ago by Fitz Tepper (@fitztepper)
Next Story
Voice API player Clique expands to Melbourne, Australia, with plans to invest
Square is testing cryptocurrency support in their Cash app, according to TechCrunch reader Zach Miles on Twitter and confirmed by the company.
The trial, which seems to only be available right now to a small number of users, lets you buy and sell bitcoin directly in the app.
The interface is very basic. Users who have access to the beta can swipe right from the Cash Card page to access bitcoin functionality. Once there users will see a balance in USD and BTC, a graph showing performance over the last day, month or year and buy / sell buttons.
There is a button to generate a wallet address – but the balance in one wallet address we checked didn’t match the user’s bitcoin holdings, meaning Square is likely using pooled wallets to hold user funds and not storing private keys on a user’s device, similar to how Coinbase works.
One source also said that a transaction sent to this address hasn’t yet shown up in his balance, so it’s definitely more of a beta than a fully functional release.
It seems that at least for now, the feature is centered around buying and selling bitcoin and not sending and receiving – which is unusual considering Square Cash is known for sending and receiving money. As noted above there’s a (potentially nonfunctioning) option to generate an address to receive bitcoin, but no option to send it.
It’s not yet clear what the fee structure will be or if there are daily buying or selling limits, or who Square is using as a liquidity provider for the transactions.
Jack Dorsey has spoken publicly about the benefits of cryptocurrency and the blockchain, but hadn’t acknowledged that Square was working on building the functionality into their Cash app.
We reached out to Square for comment and they provided us with the following statement:
“We’re always listening to our customers and we’ve found that they are interested in using the Cash app to buy bitcoin. We’re exploring how Square can make this experience faster and easier, and have rolled out this feature to a small number of Cash app customers. We believe cryptocurrency can greatly impact the ability of individuals to participate in the global financial system and we’re excited to learn more here.” –
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Glance Announces Merchant Downloadable App for Rapid Deployment and Viral Adoption
•November 15, 2017Comment
VANCOUVER, British Columbia, November 15, 2017 /PRNewswire/ --
Glance Technologies Inc. (CSE:GET) (GLNNF) (GJT) is pleased to announce a new version of the Glance Pay Merchant app which will allow merchants to download the app and accept Glance payments and rewards within minutes, with no custom hardware required. Glance believes this should help enable viral adoption of its technology amongst merchants and position Glance Pay to be able to provide payment services that are similar to the ones exploding in China.
According to a report released by the UN-based Better Than Cash Alliance, users sent $1.7 trillion in total payments through Alibaba's Alipay service last year, up from only $70 billion in 2012; Tencent's WeChat users sent about $1.2 trillion in 2016, up from $11.6 billion in 2012.
Companies like Square have done a fairly good job of making it easy for merchants to be up and running to accept payments. However, their solutions require custom hardware, which is an extra expense and barrier and requires waiting for hardware to be delivered. Glance's track record of success with it's anti-fraud technology means it doesn't need to use custom hardware for swiping cards or using chip and pin machines.
"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," says Glance CEO Desmond Griffin. "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."
About Glance Technologies Inc.
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, social media marketing, 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 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 building a network of international advisors and developing a cryptocurrency which will offer reward elements for use on its platform.
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Bought SQ below $10 the day it IPO'd now $40 GLNNF is the new kid on the block just broke above $1 last week retested the breakout level mon tues this week now $1.08ish. Two of the best plays in the sector SQ and GLNNF will keep climbing. From a percentage standpoint GLNNF has much higher multibag potential at a $1 vs $40
Square Cash is letting some users buy and sell Bitcoin
Posted 12 hours ago by Fitz Tepper (@fitztepper)
Next Story
Voice API player Clique expands to Melbourne, Australia, with plans to invest
Square is testing cryptocurrency support in their Cash app, according to TechCrunch reader Zach Miles on Twitter and confirmed by the company.
The trial, which seems to only be available right now to a small number of users, lets you buy and sell bitcoin directly in the app.
The interface is very basic. Users who have access to the beta can swipe right from the Cash Card page to access bitcoin functionality. Once there users will see a balance in USD and BTC, a graph showing performance over the last day, month or year and buy / sell buttons.
There is a button to generate a wallet address – but the balance in one wallet address we checked didn’t match the user’s bitcoin holdings, meaning Square is likely using pooled wallets to hold user funds and not storing private keys on a user’s device, similar to how Coinbase works.
One source also said that a transaction sent to this address hasn’t yet shown up in his balance, so it’s definitely more of a beta than a fully functional release.
It seems that at least for now, the feature is centered around buying and selling bitcoin and not sending and receiving – which is unusual considering Square Cash is known for sending and receiving money. As noted above there’s a (potentially nonfunctioning) option to generate an address to receive bitcoin, but no option to send it.
It’s not yet clear what the fee structure will be or if there are daily buying or selling limits, or who Square is using as a liquidity provider for the transactions.
Jack Dorsey has spoken publicly about the benefits of cryptocurrency and the blockchain, but hadn’t acknowledged that Square was working on building the functionality into their Cash app.
We reached out to Square for comment and they provided us with the following statement:
“We’re always listening to our customers and we’ve found that they are interested in using the Cash app to buy bitcoin. We’re exploring how Square can make this experience faster and easier, and have rolled out this feature to a small number of Cash app customers. We believe cryptocurrency can greatly impact the ability of individuals to participate in the global financial system and we’re excited to learn more here.” –
-------------------------------
Glance Announces Merchant Downloadable App for Rapid Deployment and Viral Adoption
•November 15, 2017Comment
VANCOUVER, British Columbia, November 15, 2017 /PRNewswire/ --
Glance Technologies Inc. (CSE:GET) (GLNNF) (GJT) is pleased to announce a new version of the Glance Pay Merchant app which will allow merchants to download the app and accept Glance payments and rewards within minutes, with no custom hardware required. Glance believes this should help enable viral adoption of its technology amongst merchants and position Glance Pay to be able to provide payment services that are similar to the ones exploding in China.
According to a report released by the UN-based Better Than Cash Alliance, users sent $1.7 trillion in total payments through Alibaba's Alipay service last year, up from only $70 billion in 2012; Tencent's WeChat users sent about $1.2 trillion in 2016, up from $11.6 billion in 2012.
Companies like Square have done a fairly good job of making it easy for merchants to be up and running to accept payments. However, their solutions require custom hardware, which is an extra expense and barrier and requires waiting for hardware to be delivered. Glance's track record of success with it's anti-fraud technology means it doesn't need to use custom hardware for swiping cards or using chip and pin machines.
"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," says Glance CEO Desmond Griffin. "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."
About Glance Technologies Inc.
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, social media marketing, 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 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 building a network of international advisors and developing a cryptocurrency which will offer reward elements for use on its platform.
-------------
Bought SQ below $10 the day it IPO'd now $40 GLNNF is the new kid on the block just broke above $1 last week retested the breakout level mon tues this week now $1.08ish. Two of the best plays in the sector SQ and GLNNF will keep climbing. From a percentage standpoint GLNNF has much higher multibag potential at a $1 vs $40
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