OLB Group to Enable Secure Digital Asset Transfer With NFT Solutions on Ethereum Platform

NEW YORK–()–The OLB Group, Inc. (NASDAQ: OLB), a supplier of cloud-based omnicommerce and cost acceptance options for small and mid-sized retailers, introduced that its SecurePay cost gateway will help the switch or sale of digital belongings using non-fungible token (NFT) know-how. The NFT know-how is constructed upon the Ethereum platform which manages token era and redemption, affiliation with an asset, and switch of registered possession.

“The speedy adoption of digital ticketing over the previous yr has accelerated the necessity for safe methods to purchase and promote these properties with out the chance of fraud related to the duplication of QR codes or barcodes, notably on a sale of Peer-to-Peer (P2P) transaction,” stated Ronny Yakov, chief government officer of OLB Group. “When an NFT is related to a digital ticket or asset, the switch of possession is assured by means of a blockchain ledger, stopping anybody from promoting the identical ticket twice or a number of occasions which, sadly, occurs far too usually. The safe NFT course of we’ve applied is meant to work seamlessly with the broad vary of cost processing choices of SecurePay, giving patrons and sellers unmatched flexibility in funding sources.”

SecurePay gives built-in help for main digital wallets together with Apple Pay® and Google Pay®, cryptocurrency wallets, PayPal®, and conventional bank cards. NFT features make the most of sensible contracts to guarantee the easy and seamless trade of funds and applicable administration of phrases and situations of sale.

Yakov continued, “NFTs are sometimes related to artwork and collectable transactions, however the mechanism is a wonderful match with the sale or switch of practically any digital asset, whatever the greenback worth. OLB Group is devoted to offering options which make shopping for and promoting versatile and safe for all events. NFTs are the newest addition to the portfolio of companies that we imagine might be an efficient device towards digital asset fraud.”

Retailers keen on implementing omnicommerce companies can arrange a ShopFast or OmniSoft account at https://cardaccept.com/#contact.

For extra details about The OLB Group, please go to www.olb.com or www.olb.com/investors-data.

Future OLB Press Releases and Updates

buyers or shareholders could be notified of future Press Releases and Trade Updates by e-mailing investorrelations@OLB.com.

Secure Harbor Assertion

All statements from The OLB Group, Inc. on this information launch that aren’t primarily based on historic truth are “forward-looking statements” throughout the that 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 Part 21E of the Securities Trade Act of 1934, as amended. These forward-looking statements embody, however should not restricted to, statements in regards to the influence of COVID-19 on our operations and monetary situation, our capacity to implement our proprietary service provider boarding and CRM system and to roll out our Omni Commerce and SecurePay functions, together with cost strategies, to our present retailers and the mixing of our safe cost gateway with our crowdfunding platform. Whereas the Firm’s administration has primarily based any forward-looking statements contained herein on its present expectations, the knowledge on which such expectations have been primarily based could change. These forward-looking statements depend on numerous assumptions regarding future occasions and are topic to numerous dangers, uncertainties, and different elements, lots of that are exterior of our management, that might trigger precise outcomes to materially differ from such statements. Such dangers, uncertainties, and different elements embody statements relating to the anticipated income and revenue for operations to be generated by The OLB Group, Inc. For different elements which will trigger our precise outcomes to vary from these which can be anticipated, see the knowledge underneath the caption “Danger Components” within the Firm’s most up-to-date Type 10-Ok and 10-Q filings, and amendments thereto, in addition to different public filings with the SEC since such date. The Firm operates in a quickly altering and aggressive setting, and new dangers could come up. Accordingly, buyers mustn’t place any reliance on forward-looking statements as a prediction of precise outcomes. The Firm disclaims any intention to, and undertakes no obligation to, replace or revise any forward-looking assertion.

About The OLB Group, Inc.

The OLB Group, Inc. is a cost facilitator and commerce service supplier that delivers cloud-based service provider companies for web-based and brick-and-mortar organizations. OLB gives a seamless, end-to-end digital commerce resolution that features website creation, internet hosting, transaction processing and cost gateway, order success, customer support, outbound advertising, gross sales reporting, and fundraising. With companies from personal label purchasing websites designed to keep up the distinctive look or really feel of the service provider web site, to order success and customer support, OLB stays invisible to the consumer and promotes the service provider’s model with market-leading know-how and options. For extra details about options, companies, or to discover a reseller, please go to www.olb.com. Investor data is obtainable at www.olb.com/investors-data.

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