Crypto News Bulletin from seekingalpha

Thursday March 4, 2021 1:05 PM
2 days 16 hours ago

OLB Group launches gateway to speed crypto transactions for merchants


Thinly traded stock OLB Group (OLB) unveils a service that helps merchants process cryptocurrency purchases in an effort to speed the transaction process on par with credit and debit processes.The SecurePay payment gateway supports multiple cryptocurrencies, including bitcoin, Ethereum, USDC, and DAI across all merchant platforms.OLB systems support crypto wallets, such as MetaMask, Coinbase Wallet, and Crypto.com, as well as general purpose wallets such as Apple Pay and Google Pay when they offer direct cryptocurrency support.The process collects any transaction fees in the original currency, eliminating multistep conversions and compounded rounding that can skew final settlements.Currency conversion is completed at the gateway through the services of licensed currency exchange providers, enabling all merchant settlement to be completed in U.S. dollars.

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