OLB Group Announces Support for Mastercard Cryptocurrency Processing
November 02 2021 - 9:30AM
Business Wire
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
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.
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version on businesswire.com: https://www.businesswire.com/news/home/20211102005461/en/
Rick Lutz The OLB Group - Investor
Relations InvestorRelations@olb.com (212) 278-0900 EXT: 333
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