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OLB Group Announces Support for Mastercard Cryptocurrency Processing
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Rhea-AI Summary
The OLB Group, Inc. (NASDAQ: OLB) has announced its readiness to process Mastercard Bitcoin payments through its SecurePay Payment Gateway and OmniSoft platform.
This integration allows merchants to activate cryptocurrency transaction processing immediately, accommodating Bitcoin, Ethereum, USDC, and DAI.
CEO Ronny Yakov noted that Mastercard's support for cryptocurrency could enhance its acceptance in everyday business.
OLB's services aim to provide diverse payment options for over 9,500 merchants across the U.S.
Positive
Ready to process Mastercard Bitcoin payments, enhancing service offerings.
Supports various cryptocurrencies and digital wallet services.
Aims to meet rising demand for crypto commerce solutions.
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None.
SecurePay is a registered member of the Visa TPA and Mastercard SDP program. A certified SecurePay Gateway and OmniSoft payment acceptance platform are ready to accept Mastercard and Bitcoin transactions immediately
NEW YORK--(BUSINESS WIRE)--
The OLB Group, Inc. (NASDAQ: OLB), a provider of cloud-based omnicommerce and payment acceptance solutions for small- and mid-sized merchants and Bitcoin mining company, announced that it is ready to process Mastercard Bitcoin payments immediately. Merchants utilizing OLB’s OmniSoft business management platform and the company’s SecurePay Payment Gateway Platform can activate Mastercard cryptocurrency transaction processing at any time.
“The recent announcement from Mastercard that it is supporting cryptocurrency should accelerate public acceptance of Bitcoin and other currencies for conducting everyday business,” said Ronny Yakov, chief executive officer for the OLB Group. “We have enabled crypto commerce throughout our OmniSoft and SecurePay portfolio which enables merchants to offer a broad choice of payment options that match customer’s expectations.”
The SecurePay Payment Gateway Platform is a Mastercard SDP program. OLB’s platform supports the processing of multiple cryptocurrencies including Bitcoin, Ethereum, USDC, and DAI across all merchant platforms. The gateway provides traditional credit and debit card processing, digital wallet services such as Apple Pay® and Google Pay®, and crypto commerce functions including conversion to fiat currencies, as well as end-to-end cryptocurrency transactions.
Omnisoft point-of-sale (POS) options for online, mobile, and in-store use offer direct transaction support with cryptocurrency wallets such as MetaMask™, Coinbase Wallet™, Crypto.com, and Trust Wallets™. The OmniSoft platform offers merchants a simple means to configure payment options to meet the unique needs of their business and customer demographics.
Merchants interested in implementing crypto commerce or omnicommerce services can set up an OmniSoft account at https://cardaccept.com/#contact.
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.
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 .
About The OLB Group, Inc.
The OLB Group, Inc. is a diversified Fintech eCommerce merchant services provider and Bitcoin crypto mining enterprise. The Company's eCommerce platform delivers cloud-based merchant services for a comprehensive digital commerce solution to over 9,500 merchants in all 50 states. DMint, a wholly owned subsidiary of OLB Group, is engaged in the mining of Bitcoin utilizing sustainable natural gas with an initial deployment of efficient 1,000 ASIC-based S19j Pro 96T mining computers projected by end of 2021.
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, our ability to successfully launch a cryptocurrency mining operation and our ability to earn revenue from the new operations. 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.
