Loading, Please Wait...
AVENTURA, Fla., April 02, 2019 (GLOBE NEWSWIRE) -- via OTC PR WIRE -- CLIC Technology, Inc. (OTC Pink: CLCI) ("the Company"), is looking to extend the benefits of their CLIC PAY cryptocurrency platform beyond the web with a slate of new applications to help brick-and-mortar merchants quickly and securely process blockchain currency payments in their stores. The Company's latest app, CLICPay Checkout, recently entered its testing phase and is expected to be released later this year.
CLIC Pay Checkout is an in-store application that will provide both aspiring and established retailers a hassle-free way to convert blockchain payments into local cash within 24 hours securely. The release of the app will come at an ideal time, as an increasing number of commercial and governmental institutions around the world, including Japan's bullet train rail system, are looking to accept cryptocurrency as payment for goods and services.
"At CLIC, we strive to make products that level the playing field in the best possible way for consumers and merchants alike," said CLIC Technology CEO Roman Bond. "Our CLIC Pay Checkout system quickly and securely processes payments in store so that it's products and services that determine profit margins for business owners, not the inability to access or afford key technology and digital infrastructure."
Consumers continue to flock to alternative and mobile payment platforms like Square, Stripe, and Coinbase as businesses have improved the technology to make transactions more secure. As a result, financial heavyweights like JPMorgan Chase and Fidelity have moved quickly in 2019 to create their own cryptocurrencies to meet the demand from institutional investors, hedge fund managers, and wealthy individuals.
CLIC Technology's cutting-edge cryptocurrency software provides local merchants and entrepreneurs across the globe a bridge to the over- $100 billion cryptocurrency market without the cost of chargebacks and high fees. Current plans for CLICPay and CLIC Wallet include rolling out the products in the United States in 2019, before expanding to Canada, Japan, Australia, and the United Kingdom by 2020.
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.