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AVENTURA, Fla., March 21, 2019 (GLOBE NEWSWIRE) -- via OTC PR WIRE -- South Florida fintech company CLIC Technology, Inc. (OTCPink: CLCI) ("the Company"), has its team of software engineers hard at work on finalizing a cutting-edge application for the Magento e-commerce platform. The platform will give the Magento system's user base of 200,000 merchants the ability to quickly process cryptocurrency into local cash via the Company's proprietary payment platform. Retailers worldwide will soon have unfettered access to the $100 billion-plus cryptocurrency market preferred by millions of consumers across the globe.
With plans in place to open up its services to Shopify's base of 800,000 merchants, the Company's new Magento app will place them in over 1 million e-commerce retail outlets worldwide. According to recent reports in Digiday, in the last year, Magento earned $150 million in revenue, placing them in the top tier of all e-commerce platforms.
"It's important to us that we reach as many users as possible," said CLIC Technology CEO Roman Bond. "While we're not done yet, we're in the final stages of completing what plans to be the premier technology in this space, giving customers and retailers alike the ability to seamlessly complete online transactions using today's preferred method of payment, cryptocurrency."
Part of the Adobe Experience Cloud, Magento is one of the best performing e-commerce platforms available for retailers on the market. The system includes everything a merchant needs to communicate with customers, be it through email, mobile, in-store, and more.
"We expect to see a rise in the number of people using cryptocurrency payments in the immediate future," added Roman Bond. "That's why it's important to us to make sure that our technology is available to both merchants and customers on all platforms."
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.