NEW YORK–(BUSINESS WIRE)–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 property using non-fungible token (NFT) expertise. The NFT expertise is constructed upon the Ethereum platform which manages token technology and redemption, affiliation with an asset, and switch of registered possession.
“The fast 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, significantly 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 a blockchain ledger, stopping anybody from promoting the identical ticket twice or a number of occasions which, sadly, occurs far too typically. The safe NFT course of now we have carried out 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 offers 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 good contracts to guarantee the straightforward and seamless alternate 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 superb match with the sale or switch of almost 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 consider will probably be an efficient software towards digital asset fraud.”
Retailers excited by implementing omnicommerce companies can arrange a ShopFast or OmniSoft account at https://cardaccept.com/#contact.
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Secure Harbor Assertion
All statements from The OLB Group, Inc. on this information launch that aren’t primarily based on historic reality are “forward-looking statements” throughout 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 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 affect of COVID-19 on our operations and monetary situation, our skill 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 quite a few assumptions regarding future occasions and are topic to quite a few dangers, uncertainties, and different elements, a lot of that are outdoors of our management, that might trigger precise outcomes to materially differ from such statements. Such dangers, uncertainties, and different elements embody statements concerning the anticipated income and earnings for operations to be generated by The OLB Group, Inc. For different elements that will trigger our precise outcomes to vary from these which might 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 atmosphere, 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 offers a seamless, end-to-end digital commerce answer that features web site creation, internet hosting, transaction processing and cost gateway, order achievement, customer support, outbound advertising, gross sales reporting, and fundraising. With companies from non-public label buying websites designed to keep up the distinctive look or really feel of the service provider web site, to order achievement and customer support, OLB stays invisible to the consumer and promotes the service provider’s model with market-leading expertise and options. For extra details about options, companies, or to discover a reseller, please go to www.olb.com. Investor data is accessible at www.olb.com/investors-data.