Skip to content

OLB Group Plans To Offer Crypto Payment Options – Stock Jumps 87%

Sam Boughedda trader
Updated 10 Feb 2021

Practice Stock Trading
payment acceptance solutions business OLB Group (NASDAQ: OLB)

Shares of omnicommerce and payment acceptance solutions business OLB Group (NASDAQ: OLB) are soaring premarket after the company said it plans to offer cryptocurrency payment options via blockchain technology on its own platform and SecurePay Gateway.

The company revealed it has upgraded its SecurePay payment gateway system to support Cryptocurrencies including Bitcoin, Ethereum, USDC and DAI across all merchant platforms.

Merchants using the OLB SecurePay gateway service or the OmniSoft cloud-based business management platform will immediately have the option to accept these alternative contactless payment methods without any equipment changes.

“Our systems will be wallet agnostic and, integrating them with third-party software, customers will be able to seamlessly pay with Cryptocurrency wallets such as MetaMask TM, Coinbase Wallet TM, and Trust Wallets TM,” OLB stated

The company’s CEO, Ronny Yakov, said: “Providing all the latest technologies and tools to merchants is our top priority. It is imperative to adjust to these times as the world becomes further integrated with digital currencies.

“By enabling our merchants the ability to accept digital payments, it will also help enhance the funds available for every merchant that opts in, as these forms of payments settle instantly, providing small businesses with more flexibility and agility.”

OLB’s stock price has gained over 87% premarket, currently priced at $13.95 per share.

Trade OLB Group shares now

Sam is a trader and lead stock market writer at AskTraders. After starting his career in the forex market, Sam now focuses on stocks, specifically consumer staples.