As from March 18th 2014, Guild Wars 2 will no longer reward players in the Player vs. Player scene with Glory points. This also means that the random reward chests and rank vendors will also be removed. However, the Glory vendors will remain until the new rewards system is introduced in a later update to the game. This is to ensure that players have somewhere to funnel their existing rewards before is it phased out of the game completely.
What will the new reward system be? Will it be better than the old one? And will it be well received to the players? Only time will tell. In the mean time, here is the original article. Game well.