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OLB Group Surges 90% After Saying It’s Ready for Mastercard Bitcoin Payments

OLB Group Surges 90% After Saying It’s Ready for Mastercard Bitcoin Payments

OLB Group Surges 90% After Saying It’s Ready for Mastercard Bitcoin Payments

The move comes as payment firms seek to integrate cryptocurrency into their offerings for merchants.

The move comes as payment firms seek to integrate cryptocurrency into their offerings for merchants.

The move comes as payment firms seek to integrate cryptocurrency into their offerings for merchants.

By Michael Bellusci
AccessTimeIconNov 2, 2021, 6:17 PM
Updated May 11, 2023, 4:09 PM
Mastercard Acquires Blockchain Analytics Firm CipherTrace

Shares of OLB Group Inc. (NASDAQ: OLB) close to doubled to $8.77 after the company said it’s ready to “immediately” process Mastercard bitcoin payments for merchants.

  • OLB’s OmniSoft business management platform supports the processing of multiple cryptocurrencies including bitcoin, ether, USDC and DAI across all merchant platforms, the company said in a statement Tuesday.
  • Credit card giant Mastercard said last month it was integrating cryptocurrency payments into its platform through a partnership with digital asset firm Bakkt.
  • OLB’s system also supports traditional credit card processing, digital wallets such as Apple and Google Pay, along with cryptocurrency-to-fiat conversions.

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Michael Bellusci

Michael Bellusci is CoinDesk's crypto reporter focused on public companies and digital asset firms.

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