CLIC Technology to Offer Support for USD Coin with Rollout of New CLIC Pay and CLIC Wallet Platforms
South Florida fintech Company to give merchants the power of the dollar with a fully-collateralized stable coin that moves at the speed of crypto
AVENTURA, Fla., April 08, 2019 (GLOBE NEWSWIRE) -- via OTC PR WIRE--CLIC Technology, Inc. (OTC Pink: CLCI) ("the Company") will include support for USD Coin, the fully-collateralized stablecoin created by Boston-based crypto finance firm Circle in its new CLIC Pay and CLIC Wallet platforms. As announced recently, the Company has begun integration testing on the CLIC Pay platform, which, when completed will streamline the use of blockchain currency payments for merchants and consumers across the globe. Similar trials are ongoing for CLIC Wallet as well, with both platforms expected to be available to the public sometime later this year.
USD Coin is a revelation in the cryptocurrency market, one that provides users the ERC-20 standard which gives a detailed operational and financial transparency. Its value doesn't fluctuate, meaning that it's akin to investing in the U.S. Dollar. Moreover, USD Coin is simple to use, with fiat currency easily tokenized via a standard web app for payments and trading in the cryptocurrency market.
"With CLIC Pay and CLIC Wallet, we're already in the process of giving consumers some of the most streamlined cryptocurrency platforms on the market today," said CLIC Technology CEO Roman Bond. "With the additional support for USD Coin, we're now offering consumers a next-generation product. It is a fully-collateralized stablecoin that gives users transparency and authenticity unlike anything else on the market today."
The imminent release of the CLIC Pay and CLIC Wallet platforms comes just as the cryptocurrency market is once again heating up. Bitcoin and other well-known forms of payment have had a resurgent month of April, having raised the market's overall capitalization by almost $40 billion during the first few days of the month. In fact, the world's most popular form of cryptocurrency, Bitcoin, hit a 136-day high of $5,306 on April 3.
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.