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AVENTURA, Fla., March 26, 2019 (GLOBE NEWSWIRE) -- via OTC PR WIRE--With the number of digital transactions increasing exponentially by the day, South Florida fintech company CLIC Technology, Inc. (OTC Pink:CLCI) ("the Company") is well-positioned to disrupt and innovate e-commerce by making the processing and replenishing of cryptocurrency as quick and easy as swiping a debit or credit card. In-development cryptocurrency apps and an innovative wallet platform will offer retailers and consumers a bold alternative to market competitors such as Square, Stripe, Coinbase, and Mycelium.
CLIC Technology looks to make blockchain currency like Bitcoin a common form of payment for local merchants and entrepreneurs, keeping it as simple as credit cards but without the cost of chargebacks and high fees. Vital to the Company's success is their new state-of-the-art technology that provides merchants with a hassle-free way to process crypto payments in local currency in 24 hours or less.
Consumers have flocked to alternative and mobile payment platforms like Square, Stripe, and Coinbase as businesses have improved technology and secured transactions. The profits in cryptocurrency are growing each day Square alone raked in over $166 million of Bitcoin revenue in 2018.
According to Pew Trusts, more than 46 percent of U.S. consumers, or 114 million adults, report having made a mobile payment within the last year. Experts forecast the web wallet market to grow from over $100 billion in 2017 to $250 billion by 2024.
"Too many merchants and consumers are stuck behind a digital wall, unable to tap into the potential of the crypto-economy," said CLIC Technology CEO Roman Bond. "CLIC is well positioned to not only increase profits for our shareholders but really shake up the system by making it easier for any person using any major online framework including Shopify, Open Cart, Magento, or Drupal to turn blockchain currency like Bitcoin into local cash quickly to purchase everyday items. That's not just revolutionary; it's the right thing to do."
About CLIC Technology, Inc.:
The Company, a "Financial Technology" company, is the developer and marketer of new, cutting-edge blockchain products and services. It has created a revolutionary "crypto-payment gateway system" that allows consumers to use cryptocurrency to make routine purchases online and that enables merchants to accept crypto payments and receive immediate settlements in traditional fiat currencies. Market introduction of the new crypto-payment gateway system and related services is planned to occur in a phased rollout in the United States and other major markets in the coming months.
Safe Harbor Act: Forward-Looking Statements are included within the meaning of Section 27A of the Securities Act of 1933, and Section 21E of the Securities Exchange Act of 1934, as amended. All statements regarding our expected future financial position, results of operations, cash flows, financing plans, business strategy, products and services, competitive positions, growth opportunities, plans and objectives of management for future operations, including words such as "anticipate," "if," "believe," "plan," "estimate," "expect," "intend," "may," "could," "should," "will," and similar expressions are forward-looking statements and involve risks, uncertainties, and contingencies, many of which are beyond our control, which may cause actual results, performance, or achievements to differ materially from anticipated results, performance, or achievements. We are under no obligation to (and expressly disclaim any such obligation to) update or alter forward-looking statements, whether as a result of new information, future events, or otherwise.
CLIC TECHNOLOGY, INC.