OLB Shares Rise 21% After Using SecurePay to Support Sale of NFTs
June 23 2021 - 10:47AM
Dow Jones News
By Chris Wack
OLB Group Inc. shares were up 21% to $6 Wednesday after the
company said its SecurePay payment gateway will support the
transfer or sale of digital assets using non-fungible token
technology.
The company said its NFT technology is built upon the Ethereum
platform, which manages token generation and redemption,
association with an asset, and transfer of registered
ownership.
OLB said the secure NFT process it uses is intended to work
seamlessly with the broad range of payment processing options of
SecurePay.
SecurePay provides integrated support for major digital wallets
including Apple Pay and Google Pay, cryptocurrency wallets, PayPal,
and traditional credit cards. NFT functions use smart contracts to
assure the simple and seamless exchange of funds and appropriate
management of terms and conditions of sale.
Write to Chris Wack at chris.wack@wsj.com
(END) Dow Jones Newswires
June 23, 2021 10:47 ET (14:47 GMT)
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