OLB Group supports cryptocurrency processing with Mastercard
OLB Group, a fintech company used by small and medium-sized merchants and Bitcoin mining companies, announced that it can now process Bitcoin payments with Mastercard.
Merchants using OLB Group's software can now process crypto transactions
Merchants using OLB Group's OmniSoft business management platform and the company's SecurePay Payment Gateway platform can now process cryptocurrency transactions with Mastercard. The OmniSoft platform provides merchants with an easy way to configure payment options that meet the needs of their business and their customers. Omnisoft Point-of-Sale (POS) options for online, mobile, and brick-and-mortar stores provide direct transaction support with cryptocurrency wallets such as MetaMask, Coinbase Wallet, Crypto.com, and Trust Wallet.The SecurePay Payment Gateway platform is an SDP program from Mastercard. OLB Group's platform supports the processing of multiple cryptocurrencies across all merchant platforms. The gateway offers traditional credit and debit card processing, digital wallet services, and crypto commerce capabilities. Ronny Yakov, CEO of OLB Group, said, "The recent announcement from Mastercard that it is supporting cryptocurrency should accelerate public acceptance of Bitcoin and other currencies for conducting everyday business,
OLB Group is no stranger to the crypto industry
It looks like Mastercard's recent announcement is already bearing fruit, as OLB Group has decided to use Mastercard's services. Analysts had predicted that Mastercard's cryptocurrency offering would lead to a significant expansion in how ordinary Americans earn and spend Bitcoin and other cryptocurrencies. Mastercard, along with Visa, operates one of the dominant global payment networks and has relationships with more than 20,000 financial institutions worldwide.OLB Group, on the other hand, is at the forefront of institutional adoption of cryptocurrencies and is one of the first e-commerce retailers to operate data centers for Bitcoin mining. The company has expanded its Bitcoin mining operations by acquiring five hundred Antminer S19j Pro cryptocurrency mining computers. The company expects to have a total of 1000 computers in operation at its newly constructed site in Bradford, PA, by the end of 2021 and plans to reach 24,000 Bitcoin mining computers at various locations within the next 24 months.
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