Secure Digital Possession Transfer With NFT Solutions on Ethereum SystemSecure Digital Possession Transfer With NFT Solutions on Ethereum System

NEW YORK, June 23, 2021–( COMPANY WIRE)– The OLB Team, Inc. (NASDAQ: OLB), a carrier of cloud-based omnicommerce and also payment approval solutions for small and mid-sized merchants, announced that its SecurePay repayment gateway will sustain the transfer or sale of digital possessions using non-fungible token (NFT) innovation. The NFT innovation is built on the Ethereum platform which handles token generation and redemption, organization with a possession, and also transfer of authorized ownership.

” The rapid fostering of digital ticketing over the past year has actually sped up the need for protected means to buy and sell these residential properties without the threat of fraud related to the replication of QR codes or barcodes, “how much secure blockchain is?” especially on a sale of Peer-to-Peer (P2P) deal,” claimed Ronny Yakov, ceo of OLB Group. “When an NFT is related to an electronic ticket or property, the transfer of ownership is assured through a blockchain journal, protecting against anyone from offering the same ticket twice or numerous times which, unfortunately, happens far frequently. The protected NFT procedure we have actually executed is meant to function perfectly with the broad series of repayment handling alternatives of SecurePay, providing buyers and sellers unmatched adaptability in financing sources.”

SecurePay offers incorporated assistance for significant electronic budgets including Apple Pay ® and also Google Pay ®, cryptocurrency budgets, PayPal ®, and also conventional charge card. NFT functions make use of wise contracts to assure the straightforward as well as seamless exchange of funds as well as ideal monitoring of terms and conditions of sale.

Yakov proceeded, “NFTs are usually connected with art and collectable transactions, however the system is an excellent fit with the sale or transfer of virtually any kind of electronic asset, despite the dollar value.“check out Bees_Social at” OLB Group is dedicated to providing remedies which make buying as well as marketing adaptable and also safe and secure for all celebrations. NFTs are the most up to date enhancement to the profile of services that we believe will be an efficient device versus electronic possession scams.”

Safe Harbor Declaration

All statements from The OLB Group, Inc. in this news release that are not based upon historical truth are “forward-looking statements” within the definition of the Exclusive Securities Litigation Reform Act of 1995 as well as the stipulations of Section 27A of the Securities Act of 1933, as amended, as well as Section 21E of the Stocks Exchange Act of 1934, as amended. These progressive declarations consist of, yet are not restricted to, statements concerning the effect of COVID-19 on our operations and also economic condition, our capability to apply our exclusive vendor boarding and CRM system as well as to turn out our Omni Business as well as SecurePay applications, consisting of repayment techniques, to our present sellers as well as the combination of our safe and secure repayment gateway with our crowdfunding system. While the Business’s monitoring has based any kind of progressive declarations consisted of here on its current assumptions, the details on which such expectations were based might transform.

These progressive declarations depend on a variety of presumptions concerning future occasions as well as are subject to a number of threats, uncertainties, and also various other aspects, many of which are beyond our control, that might create real results to materially differ from such statements. Such risks, unpredictabilities, as well as various other aspects include declarations pertaining to the anticipated income and also income for procedures to be generated by The OLB Group, Inc. For other elements that may cause our actual results to differ from those that are expected, see the information under the inscription “Risk Elements” in the Business’s newest Kind 10-K and also 10-Q filings, and also changes thereto, in addition to other public filings with the SEC because such date. The Firm runs in a swiftly altering as well as competitive setting, as well as brand-new dangers may arise. As necessary, capitalists must not position any type of reliance on positive statements as a forecast of actual outcomes. The Company disclaims any objective to, and undertakes no responsibility to, update or revise any type of forward-looking declaration.