OLB Group Announces Plan to Offer Cryptocurrency Payment Options via Blockchain Technology on its OMNICOMMERCE Platform and SecurePay TM Gateway

Rhea-AI Summary

The OLB Group, Inc. (NASDAQ: OLB) has upgraded its SecurePay payment gateway to support cryptocurrency transactions, including Bitcoin, Ethereum, USDC, and DAI, across all merchant platforms. This upgrade enables merchants to accept contactless payments without altering existing equipment. CEO Ronny Yakov emphasized the importance of adapting to digital currencies, highlighting the expected growth of the global payments industry to $8.94 trillion by 2027. The SecurePay system is compatible with various devices and integrates seamlessly with merchants' current payment systems.

Positive

• The OLB Group upgraded its SecurePay system to accept cryptocurrencies, enhancing payment options for merchants.
• The cryptocurrency payments settle instantly, improving cash flow and operational flexibility for small businesses.
• The global payments industry is projected to reach 8.94 trillion USD by 2027, indicating strong market potential.

Negative

• None.

The OLB Group, Inc. (NASDAQ: OLB), a provider of cloud-based omnicommerce and payment acceptance solutions for small and mid-size merchants, announced it has upgraded its SecurePay payment gateway system to support Cryptocurrencies including Bitcoin, Ethereum, USDC and DAI across all merchant platforms. Merchants utilizing the OLB SecurePay gateway service or the OmniSoft cloud-based business management platform will immediately have the option to accept these alternative contactless payment methods without any equipment changes. Our systems will be wallet agnostic and, integrating them with third-party software, customers will be able to seamlessly pay with Cryptocurrency wallets such as MetaMask ^TM, Coinbase Wallet ^TM, Crypto.com and Trust Wallets ^TM.

Ronny Yakov, CEO of OLB, said, “Providing all the latest technologies and tools to merchants is our top priority. It is imperative to adjust to these times as the world becomes further integrated with digital currencies. By enabling our merchants the ability to accept digital payments, it will also help enhance the funds available for every merchant that opts in, as these forms of payments settle instantly, providing small businesses with more flexibility and agility. By 2027, the global payments industry is projected to be 8.94 Trillion USD and according to Statista there are 66 million users of Cryptocurrency wallets, according to Fortune Business Insights”

SercurePay is compatible with mobile, tablet-based and cloud infrastructure and will be integrated into the merchants current payment ecosystem, in order to enable the acceptance of Cryptocurrency payments. Merchants interested in implementing omnicommerce services or accepting crypto within their existing payment infrastructure can set up an account at https://cryptoaccept.com

For more information about The OLB Group, please visit www.olb.com or www.olb.com/investors-data .

Future OLB Press Releases and Updates

Interested investors or shareholders can be notified of future Press Releases and Industry Updates by e-mailing investorrelations@OLB.com .

Safe Harbor Statement

All statements from The OLB Group, Inc. in this news release that are not based on historical fact are "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995 and the provisions of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. These forward-looking statements include, but are not limited to, statements concerning the impact of COVID-19 on our operations and financial condition, our ability to implement our proprietary merchant boarding and CRM system and to roll out our Omni Commerce and SecurePay applications, including payment methods, to our current merchants and the integration of our secure payment gateway with our crowdfunding platform. While the Company’s management has based any forward-looking statements contained herein on its current expectations, the information on which such expectations were based may change. These forward-looking statements rely on a number of assumptions concerning future events and are subject to a number of risks, uncertainties, and other factors, many of which are outside of our control, that could cause actual results to materially differ from such statements. Such risks, uncertainties, and other factors include statements regarding the expected revenue and income for operations to be generated by The OLB Group, Inc. For other factors that may cause our actual results to differ from those that are expected, see the information under the caption “Risk Factors” in the Company’s most recent Form 10-K and 10-Q filings, and amendments thereto, as well as other public filings with the SEC since such date. The Company operates in a rapidly changing and competitive environment, and new risks may arise. Accordingly, investors should not place any reliance on forward-looking statements as a prediction of actual results. The Company disclaims any intention to, and undertakes no obligation to, update or revise any forward-looking statement.

About The OLB Group, Inc.

The OLB Group, Inc. is a payment facilitator and commerce service provider that delivers cloud-based merchant services for web-based and brick-and-mortar organizations. OLB provides a seamless, end-to-end digital commerce solution that includes site creation, hosting, transaction processing and payment gateway, order fulfillment, customer service, outbound marketing, sales reporting, and fundraising. With services from private label shopping sites designed to maintain the unique look or feel of the merchant website, to order fulfillment and customer service, OLB remains invisible to the user and promotes the merchant’s brand with market-leading technology and solutions. For more information about solutions, services, or to find a reseller, please visit www.olb.com . Investor information is available at www.olb.com/investors-data .

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FAQ

What is the recent announcement by OLB regarding cryptocurrency payments?

OLB announced an upgrade to its SecurePay payment gateway to support cryptocurrencies such as Bitcoin, Ethereum, USDC, and DAI.

How will OLB's upgrade affect merchants?

Merchants can now accept cryptocurrency payments without needing to change their current equipment, enhancing their payment capabilities.

What is OLB's stock symbol?

The stock symbol for OLB is 'OLB'.

What are the benefits of OLB's SecurePay upgrade?

The upgrade allows for instant settlements of payments, improving cash flow for merchants and providing more flexibility.

What is the projected growth of the global payments industry according to OLB's CEO?

The global payments industry is projected to grow to 8.94 trillion USD by 2027.