OLB Group Announces Support for Mastercard Cryptocurrency Processing
November 02 2021 - 9:35AM
InvestorsHub NewsWire
OLB Group
Announces Support for Mastercard Cryptocurrency
Processing
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, October
27, 2021 --
InvestorsHub NewsWire -- 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 MetaMaskTM,
Coinbase WalletTM,
Crypto.com, and Trust WalletsTM.
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.
Contact:
Rick
Lutz
The OLB Group - Investor
Relations
InvestorRelations@olb.com
(212)
278-0900 EXT: 333
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