The OLB Group Inc. (NASDAQ: OLB) has been seeing its stock price leapt by 69.13%. Shares of the FinTech and payment facilitator company rose to $12.60 as of 09:18 a.m. EST on an announcement of upgrading its system to support cryptocurrencies.
Latest developments that have been causing the surge:
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The OLB Group provides small and medium-sized companies with cloud-based omnicommerce and payment acceptance solutions including OmniSoft, SecurePay, eVance, CrowdPay.us and ShopFast. With OmniSoft, merchants can build and manage their retail business from start to finish. SecurePay offers a secure payment gateway that’s also a virtual terminal which runs it own business management tools. CrowdPay.us is a platform designed for companies to crowdfund, while eVance is an automated payment processing tool. Consumers through ShopFast’s omni-channel platform can purchase goods and services from clients across a wide range of industries and business verticals. Further, OLB Group provides consulting and development services related to ecommerce.
The company today announced that several Cryptocurrencies such as Bitcoin, Ethereum, USDC, and DAI have now been added to the OLB Group’s SecurePay payment gateway system after an upgrade. OLB SecurePay merchants will immediately be able to accept these contactless payment methods without any equipment changes using the OmniSoft cloud-based business management platform. Using the platforms, customers will now be able to seamlessly pay from their Cryptocurrency wallets such as MetaMask, Trust Wallet, Crypto.com and Coinbase Wallet, as the company has integrated its system with third-party software to support cryptocurrency wallets.
In addition to integrating with the merchant’s current payment processing platform, SercurePay will also enable Cryptocurrency payments having mobile-phone, tablet and cloud infrastructure compatibility.
In the last trading session, OLB Group has added 6.43% to its value to end the session at $7.45. And the current pre-market rally is far above than that previously closed price level.