CLIC Technology Initiates Integration Testing Phase for CLIC Pay - Cryptocurrency Processing Platform and CLIC Wallet
South Florida fintech company begins initial testing of cutting-edge technology that will revolutionize blockchain currency payments for merchants and consumers alike.
AVENTURA, Fla., March 27, 2019 (GLOBE NEWSWIRE) -- via OTC PR WIRE -- CLIC Technology, Inc. (OTC Pink: CLCI) ("the Company"), initiated the integration testing phase for their new crypto-payment platform, CLIC Pay, a cutting-edge technology that aims to streamline the use of blockchain currency payments for merchants and consumers across the globe. The Company expects that with successful testing they could potentially provide merchants a hassle-free way to process blockchain payments in local currency as early as this year.
In addition, CLIC Technology has begun the testing of their CLIC Wallet platform, which, when completed, would make the processing and replenishing of cryptocurrency as quick and easy as swiping a debit or credit card.
"We are excited to be moving onto this next stage of development and one step closer to realizing the real promise of cryptocurrency in improving how we purchase everyday goods and services," said CLIC Technology CEO Roman Bond. "CLIC Wallet allows users to store, send, and receive crypto funds; and make purchases or receive settlements instantly when a merchant is integrated with CLIC Pay. That's a win-win scenario for both merchants and consumers."
CLIC Technology makes blockchain currency like Bitcoin a common form of payment for local merchants and entrepreneurs. Vital to the Company's success is their new state-of-the-art technology that enables retailers to attract new customers and still receive payment in their local currency within 24-hours all without the cost of chargebacks and high fees.
Consumers have flocked 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 tools will give brick-and-mortar store owners and online merchants the ability to compete for all kinds of businesses around the world," added Roman Bond. "No longer will their inability to accept crypto-payments and immediately exchange it for local currency limit their cash flow or their ability to succeed in the market. With CLIC Pay and CLIC Wallet, consumers and merchants can securely process payments and exchange currency with speed and ease."
Over the past several weeks, CLIC Technology announced the launch of software tools to help integrate their cryptocurrency processing platforms with popular CRMs like Drupal, as well as e-commerce plugins that integrate with Shopify and Magento. Current plans for CLIC Pay 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.