NEW YORK–(BUSINESS WIRE)–The OLB Group, Inc. (NASDAQ: OLB), a supplier of cloud-based omnicommerce and fee acceptance options for small and mid-sized retailers, introduced that its SecurePay fee gateway will assist 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 fast adoption of digital ticketing over the previous 12 months has accelerated the necessity for safe methods to purchase and promote these properties with out the danger of fraud related to the duplication of QR codes or barcodes, notably on a sale of Peer-to-Peer (P2P) transaction,” mentioned Ronny Yakov, chief govt officer of OLB Group. “When an NFT is related to a digital ticket or asset, the switch of possession is assured via a blockchain ledger, stopping anybody from promoting the identical ticket twice or a number of instances which, sadly, occurs far too typically. The safe NFT course of we’ve applied is meant to work seamlessly with the broad vary of fee processing choices of SecurePay, giving consumers and sellers unmatched flexibility in funding sources.”
SecurePay offers built-in assist 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 easy and seamless alternate of funds and acceptable administration of phrases and circumstances 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 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 most recent addition to the portfolio of providers that we imagine will likely be an efficient device towards digital asset fraud.”
Retailers desirous about implementing omnicommerce providers 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 based mostly on historic truth are “forward-looking statements” inside 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 Change Act of 1934, as amended. These forward-looking statements embrace, however aren’t restricted to, statements regarding the impression of COVID-19 on our operations and monetary situation, our means to implement our proprietary service provider boarding and CRM system and to roll out our Omni Commerce and SecurePay functions, together with fee strategies, to our present retailers and the combination of our safe fee gateway with our crowdfunding platform. Whereas the Firm’s administration has based mostly any forward-looking statements contained herein on its present expectations, the data on which such expectations have been based mostly might change. These forward-looking statements depend on various assumptions regarding future occasions and are topic to various dangers, uncertainties, and different components, lots of that are exterior of our management, that might trigger precise outcomes to materially differ from such statements. Such dangers, uncertainties, and different components embrace statements concerning the anticipated income and earnings for operations to be generated by The OLB Group, Inc. For different components that will trigger our precise outcomes to vary from these which are anticipated, see the data underneath the caption “Threat Components” within the Firm’s most up-to-date Type 10-Okay 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 surroundings, and new dangers might come up. Accordingly, traders shouldn’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 fee facilitator and commerce service supplier that delivers cloud-based service provider providers for web-based and brick-and-mortar organizations. OLB offers a seamless, end-to-end digital commerce answer that features website creation, internet hosting, transaction processing and fee gateway, order success, customer support, outbound advertising, gross sales reporting, and fundraising. With providers from non-public label buying websites designed to take care of 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, providers, or to discover a reseller, please go to www.olb.com. Investor data is out there at www.olb.com/investors-data.