OLB Streamlines Cryptocurrency Processing for Merchant Usefulness | Enterprise & Finance

“We are at the foremost edge of mainstream cryptocurrency use by both of those purchasers and retailers, and are working diligently to be certain reasonable and economical processing all through our answers portfolio,” claimed Ronny Yakov, Chief Executive Officer for OLB. “OLB is drawing on several years of card and digital transaction processing know-how to create and mature a cryptocurrency ecosystem that leverages inherent blockchain protection though supplying a common, quick, and available organization product for retailers and people.”

SecurePay at present supports several cryptocurrencies, such as Bitcoin, Ethereum, USDC, and DAI across all service provider platforms. OLB techniques are wallet agnostic and by integration with 3rd-social gathering software program, help cryptocurrency wallets this kind of as MetaMask TM, Coinbase Wallet TM, Crypto.com, and Trust Wallets TM, as perfectly as normal goal wallets these types of as Apple Pay® and Google Pay® when they offer immediate cryptocurrency assistance.

Contributing to SecurePay’s performance is the selection of any transaction costs in the initial currency, eradicating delay-riddled multistep conversions and compounded rounding that can skew final settlements.

Forex conversion is completed at the gateway by way of the expert services of licensed forex exchange providers, enabling all service provider settlement to be finished in U.S. bucks. Giving all cryptocurrency operations at the SecurePay gateway also enables retailers to settle for cryptocurrency payments along with conventional card-dependent or digital wallet payments without the need of any devices alterations. In addition, fees for cryptocurrency processing are usually decreased than people collected from credit and debit card transactions.

Retailers interested in employing omnicommerce providers or accepting crypto within their present payment infrastructure can set up an account at https://cryptoaccept.com.

Potential OLB Push Releases and Updates

Fascinated investors or shareholders can be notified of potential Press Releases and Market Updates by e-mailing [email protected].

All statements from The OLB Group, Inc. in this information release that are not based on historical point are “ahead-seeking statements” inside of the which means of the Personal Securities Litigation Reform Act of 1995 and the provisions of Part 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Trade Act of 1934, as amended. These ahead-on the lookout statements consist of, but are not constrained to, statements concerning the impression of COVID-19 on our operations and financial situation, our potential to put into action our proprietary service provider boarding and CRM system and to roll out our Omni Commerce and SecurePay programs, together with payment procedures, to our present retailers and the integration of our safe payment gateway with our crowdfunding platform. Whilst the Company’s administration has primarily based any forward-hunting statements contained herein on its present-day expectations, the info on which these kinds of expectations have been primarily based may well transform. These ahead-hunting statements rely on a amount of assumptions about long run situations and are subject to a variety of risks, uncertainties, and other things, several of which are outside the house of our manage, that could bring about precise outcomes to materially vary from these statements. These dangers, uncertainties, and other factors include statements pertaining to the predicted earnings and income for functions to be generated by The OLB Team, Inc. For other aspects that may well induce our genuine benefits to vary from people that are anticipated, see the facts beneath the caption “Risk Factors” in the Company’s most recent Form 10-K and 10-Q filings, and amendments thereto, as properly as other general public filings with the SEC since this sort of date. The Organization operates in a rapidly altering and aggressive atmosphere, and new pitfalls might arise. Accordingly, investors ought to not position any reliance on forward-looking statements as a prediction of real results. The Enterprise disclaims any intention to, and undertakes no obligation to, update or revise any forward-hunting statement.

About The OLB Group, Inc.

The OLB Team, Inc. is a payment facilitator and commerce support company that delivers cloud-primarily based service provider providers for website-centered and brick-and-mortar corporations. OLB offers a seamless, finish-to-finish digital commerce solution that involves internet site generation, internet hosting, transaction processing and payment gateway, get fulfillment, shopper support, outbound marketing and advertising, income reporting, and fundraising. With services from non-public label buying web pages developed to keep the exclusive appear or truly feel of the merchant website, to purchase fulfillment and client service, OLB remains invisible to the person and encourages the merchant’s model with marketplace-leading technology and options. For far more facts about remedies, services, or to obtain a reseller, make sure you go to www.olb.com. Investor facts is obtainable at www.olb.com/traders-information.

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PUB: 03/04/2021 07:00 AM/DISC: 03/04/2021 07:01 AM