Smartphone payment application Glance Pay introduced a new ‘Pay with Bitcoin’ feature in its payment ecosystem, as the Press release read.
According to the Press release, users can pair their cryptocurrency wallet with their Glance Pay account and then purchase Glance Dollars with Bitcoin. Users can further spend the in-house currency (Glance tokens) at the merchants using Glance Pay ecosystem.
The release asserts that bitcoin payments take hours to complete but with the newly added feature, Glance enables the lightning fast payments using in-house currency. The firm considers ‘Pay with Bitcoin’ as an important step forward as it is advancing its blockchain infrastructure.
What is Glance Pay?
Glance Pay and Glance PayMe is a pair of the smartphone payment application, owned by Glance Technologies. The application allows merchants to provide their customers with a complimentary and quick secure payment, with additional digital rewards.
Company’s CEO Desmond Griffin highlights in the release that they are concentrated at the evolution of the payment features to ensure that their platform is at the forefront of technology. He further added:
Pay With Bitcoin 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 company believes that they will lower the barriers for the merchants to adopt cryptocurrency payment by evicting the cryptic and complicated process of crypto wallets. Their payment application will let merchants receive payment in fiat currency, thus merchants won’t require any cryptocurrency knowledge.
Glance PayMe application’s feature, dubbed Pay with Bitcoin, provides merchants of any size with an unparalleled suite of payment options, including powerful anti-fraud technology and a robust loyalty rewards program – all managed via the merchant’s own mobile device without the need of any extra hardware, as stated in the release.
Recently, Ohio State of the U.S. has also started accepting the Bitcoin as tax payment as BitPay reported. Though the payment option will be available to businesses only in the initial phase and later, it will open up to individual taxpayers.
A Canada based jewellery manufacturer and retailer – Birks Group, has also started accepting Bitcoin payment, in a collaboration with BitPay as reported.