GLANCE TECHNOLOGIE COM NPV (OTCMKTS:GLNNF) Is Another Bitcoin Runner

In our previous article about GLANCE TECHNOLOGIE COM NPV (OTCMKTS:GLNNF), we highlighted that the company was sending good news to the market, which included new private placements, provisional patent, and new agreements among other announcements. Additionally, we had a look at the company's financial situation and concluded that the company seemed to be very well equipped to keep the innovations coming. The market had reacted well to the announcements and the financial situation of GLNNF. The share price had gone from $0.15 to hit the share price level of $0.35. We said that the readers should have a look at this name as we saw the stock in play.What's new?The stock price has spiked again. As of October 5, 2017, the share price has gone up to $0.89. That's not all. The share price movement has been accompanied by large volume. More than two million shares changed hands some days. 1 year chart for GLNNFFor what reasons?The company signed an alliance with Netcoins Inc., which will bring to GLNNF expertise and know-how in the booming bitcoin industry.We will provide all the details in this new article.Recent DevelopmentsLet's revisit the business model of GLNNF for those who had not read our previous reports. The company provides Glance Pay, "a streamlined payment system that allows customers to pay their restaurant bill instantly with their mobile device and that combines in app messaging with social media marketing." Additionally, GLNNF is involved in other projects intended to profit from the cannabis sector. These projects are the mobile apps namely Cannapay, and SuperDope.The following is an interesting video, which explains how Cannapay works:

SourceFollowing are the new developments.On September 27, 2017, the company noted the appointment of internationally recognized FinTech Influencer Spiros Margaris to its advisory board. We appreciate his profile. He is a venture capitalist, ranked #1 global FinTech influencer by Onalytica, and #2 InsurTech global influencer by Onalytica.Additionally, he is a frequent speaker at FinTech, and InsurTech conferences, which we believe will increase the company's awareness. This is always good for the stock price. The following were the words of the new advisor about the company's app Glance Pay:

"I see Glance Pay as one of the great fintech opportunities that one does not come across often. The team has proven that it knows how to execute its strategy successfully in Canadaand I am convinced they can do the same in the U.S. I am excited to be part of such a great team and to contribute as an Advisory Board member to the Glance Pay success story." Source

The market did not really react to the new appointment. We needed to wait a few more days to receive an announcement that really made the share price spike. It was not until October 3, 2017 when the market celebrated an agreement between Netcoins Inc. and Glance Technologies. Under the agreement, Netcoins will provide GLNNF its extensive experience by providing bitcoin access. It "enables approximately 4,000 stores to become bitcoin teller locations through virtual ATM software."Furthermore, the founders of Netcoin, Michael Vogel and Dominic Vogel, will act as Glance's advisers regarding cryptocurrencies. Glance CEO, Desmond Griffin, explained the importance of the deal and how relevant cryptocurrency technologies will be in the future:

"Cryptocurrencies and blockchain technologies are transforming payments and security. We are committed to being at the forefront of payments, security, and mobile technologies and are excited by the possibilities of combining our anti-fraud technologies with cryptocurrencies," Source

The news created a large market reaction. We believe that the talent acquired and the potential for more revenues were the most significant drivers of the share price jump. We have talked extensively about the bitcoin sector and our experience is that companies entering the industry rapidly receive rapid attention from the market. The reason is that the sector is quite new and innovative and is growing at a rapid pace. Read some articles on InsiderFinancial if you need more details.ConclusionCurrently trading with a market cap of $61 million, GLNNF is an interesting story among small caps that has provided outstanding returns recently. With $0.7 million in cash, $1.5 million in total assets and only $0.1 million in total liabilities, we still see that the company having the potential to continue its run on the back of the booming cryptocurrency space. We encourage the readers to remain alert on this name. GLNNF has really captured the market's attention.Be sure to check out our coverage on GLNNF!We will be updating our subscribers as soon as we know more. For the latest updates on GLNNF, sign up below!Image courtesy of Fortune420 via FlickrDisclosure: We have no position in GLNNF and have not been compensated for this article.