The OLB Group, Inc. (NASDAQ: OLB), a provider of Cloud-powered omnicommerce and payment acceptance solutions for small- and mid-sized merchants and Bitcoin mining firm, announced that it is ready to process Mastercard Bitcoin payments.
Merchants utilizing OLB’s OmniSoft business management platform and the firm’s SecurePay Payment Gateway Platform may choose to activate Mastercard crypto transaction processing.
Ronny Yakov, CEO for the OLB Group, stated:
“The recent announcement from Mastercard that it is supporting cryptocurrency should accelerate public acceptance of Bitcoin and other currencies for conducting everyday business. 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, the announcement noted while adding that OLB’s platform supports the processing of several cryptocurrencies including Bitcoin, Ethereum, USDC, and DAI “across all merchant platforms.”
The gateway offers 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,” the update revealed.
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 announcement noted. The OmniSoft platform provides merchants “a simple means to configure payment options to meet the unique needs of their business and customer demographics,” according to a release.
Merchants interested in implementing crypto commerce or omnicommerce services “can set up an OmniSoft account at https://cardaccept.com/#contact.”
As mentioned in the release, The OLB Group, Inc. is a diversified Fintech eCommerce merchant services provider and Bitcoin crypto mining enterprise. The firm’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.”