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 help 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 era 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 danger 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 instances which, sadly, occurs far too usually. The safe NFT course of we’ve got carried out 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 gives built-in help for main digital wallets together with Apple Pay® and Google Pay®, cryptocurrency wallets, PayPal®, and conventional bank cards. NFT capabilities make the most of good contracts to guarantee the straightforward and seamless trade of funds and applicable 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 in opposition to digital asset fraud.”
Retailers curious 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 reality are “forward-looking statements” inside the which means of the Non-public 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 embrace, however aren’t 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 purposes, 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 primarily based any forward-looking statements contained herein on its present expectations, the data on which such expectations had been primarily based might change. These forward-looking statements depend on quite a lot of assumptions regarding future occasions and are topic to quite a lot of dangers, uncertainties, and different components, lots of that are outdoors of our management, that might trigger precise outcomes to materially differ from such statements. Such dangers, uncertainties, and different components embrace statements relating to 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 below the caption “Threat Elements” 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 might come up. Accordingly, traders 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 fee 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 answer that features web site creation, internet hosting, transaction processing and fee gateway, order achievement, customer support, outbound advertising and marketing, 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 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 on the market at www.olb.com/investors-data.