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 assist the switch or sale of digital property using non-fungible token (NFT) know-how. The NFT know-how is constructed upon the Ethereum platform which manages token technology and redemption, affiliation with an asset, and switch of registered possession.
“The speedy 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 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 govt officer of OLB Group. “When an NFT is related to a digital ticket or asset, the switch of possession is assured by way of 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 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 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 sensible contracts to guarantee the easy and seamless trade 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 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 most recent addition to the portfolio of companies that we consider might be an efficient instrument towards digital asset fraud.”
Retailers serious about implementing omnicommerce companies can arrange a ShopFast or OmniSoft account at https://cardaccept.com/#contact.
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Protected 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” inside 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 Alternate Act of 1934, as amended. These forward-looking statements embody, however aren’t restricted to, statements in regards to the impression of COVID-19 on our operations and monetary situation, our capability to implement our proprietary service provider boarding and CRM system and to roll out our Omni Commerce and SecurePay purposes, together with cost strategies, to our present retailers and the combination 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 data on which such expectations have been primarily based might change. These forward-looking statements depend on a lot of assumptions regarding future occasions and are topic to a lot of dangers, uncertainties, and different components, lots of that are exterior of our management, that would trigger precise outcomes to materially differ from such statements. Such dangers, uncertainties, and different components embody statements relating to the anticipated income and earnings for operations to be generated by The OLB Group, Inc. For different components which will trigger our precise outcomes to vary from these which are anticipated, see the data beneath the caption “Danger Components” within the Firm’s most up-to-date Kind 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 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 and marketing, gross sales reporting, and fundraising. With companies from personal label procuring 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 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.