OLBs SecurePay TM Payment Gateway to Enable Merchants to Seamlessly Offer Cryptocurrency Payments

The OLB Group, Inc. (NASDAQ: OLB), a provider of cloud-based omnicommerce and payment acceptance solutions for small and mid-size merchants, announced it has upgraded its SecurePay payment gateway system to support Cryptocurrencies including Bitcoin, Ethereum, USDC and DAI across all merchant platforms. Merchants utilizing the OLB SecurePay gateway service or the OmniSoft cloud-based business management platform will immediately have the option to accept these alternative contactless payment methods without any equipment changes. Our systems will be wallet agnostic and, integrating them with third-party software, customers will be able to seamlessly pay with Cryptocurrency wallets such as MetaMask TM, Coinbase Wallet TM, Crypto.com and Trust Wallets TM.

Ronny Yakov, CEO of OLB, said, "Providing all the latest technologies and tools to merchants is our top priority. It is imperative to adjust to these times as the world becomes further integrated with digital currencies. By enabling our merchants the ability to accept digital payments, it will also help enhance the funds available for every merchant that opts in, as these forms of payments settle instantly, providing small businesses with more flexibility and agility. By 2027, the global payments industry is projected to be 8.94 Trillion USD and according to Statista there are 66 million users of Cryptocurrency wallets, according to Fortune Business Insights"

SercurePay is compatible with mobile, tablet-based and cloud infrastructure and will be integrated into the merchants current payment ecosystem, in order to enable the acceptance of Cryptocurrency payments. Merchants interested in implementing omnicommerce services or accepting crypto within their existing payment infrastructure can set up an account at https://cryptoaccept.com

For more information about The OLB Group, please visit http://www.olb.com or http://www.olb.com/investors-data .

Story continues

Future OLB Press Releases and Updates

Interested investors or shareholders can be notified of future Press Releases and Industry Updates by e-mailing investorrelations@OLB.com .

Safe Harbor Statement

All statements from The OLB Group, Inc. in this news release that are not based on historical fact are "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995 and the provisions of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. These forward-looking statements include, but are not limited to, statements concerning the impact of COVID-19 on our operations and financial condition, our ability to implement our proprietary merchant boarding and CRM system and to roll out our Omni Commerce and SecurePay applications, including payment methods, to our current merchants and the integration of our secure payment gateway with our crowdfunding platform. While the Companys management has based any forward-looking statements contained herein on its current expectations, the information on which such expectations were based may change. These forward-looking statements rely on a number of assumptions concerning future events and are subject to a number of risks, uncertainties, and other factors, many of which are outside of our control, that could cause actual results to materially differ from such statements. Such risks, uncertainties, and other factors include statements regarding the expected revenue and income for operations to be generated by The OLB Group, Inc. For other factors that may cause our actual results to differ from those that are expected, see the information under the caption "Risk Factors" in the Companys most recent Form 10-K and 10-Q filings, and amendments thereto, as well as other public filings with the SEC since such date. The Company operates in a rapidly changing and competitive environment, and new risks may arise. Accordingly, investors should not place any reliance on forward-looking statements as a prediction of actual results. The Company disclaims any intention to, and undertakes no obligation to, update or revise any forward-looking statement.

About The OLB Group, Inc.

The OLB Group, Inc. is a payment facilitator and commerce service provider that delivers cloud-based merchant services for web-based and brick-and-mortar organizations. OLB provides a seamless, end-to-end digital commerce solution that includes site creation, hosting, transaction processing and payment gateway, order fulfillment, customer service, outbound marketing, sales reporting, and fundraising. With services from private label shopping sites designed to maintain the unique look or feel of the merchant website, to order fulfillment and customer service, OLB remains invisible to the user and promotes the merchants brand with market-leading technology and solutions. For more information about solutions, services, or to find a reseller, please visit http://www.olb.com . Investor information is available at http://www.olb.com/investors-data .

View source version on businesswire.com: https://www.businesswire.com/news/home/20210210005034/en/

Contacts

The OLB Group - Investor RelationsInvestorRelations@olb.com (212) 278-0900 EXT: 333

RedChip Companies Inc.Dave Gentry407-491-4498Dave@redchip.com

Read more here:
OLB Group Announces Plan to Offer Cryptocurrency Payment Options via Blockchain Technology on its OMNICOMMERCE Platform and SecurePay TM Gateway -...

TipRanks

Were well into the first quarter of 2021 now, and its a good time to take stock of whats behind us, and how it will impact what lies ahead. Goldman Sachs strategist Jan Hatzius believes that we are on an upward trajectory, with better times ahead. Hatzius sees the developed economies expanding as the corona crisis recedes. For the US, particularly, he is impressed by the very substantial fiscal support implies in the latest COVID relief package. Even with that, however, Hatzius believes that Q4 was a weaker period, and we are still not quite out of it. Hes putting Q1 growth at 5%, and says that were going to see further expansion concentrated in the spring, and an acceleration to 10% growth rate in Q2. And by accelerations, Hatzius means that investors should expect Q2 GDP in the neighborhood of 6.6%. Hatzius credits that forecast to the ongoing vaccination programs, and the continued development of COVID vaccines. The Moderna and Pfizer vaccines are already in production and circulation. Hatzius says, in relation to these programs, That fact that we are developing more options and that governments around the world are going to have more options to choose between different vaccines [means] production is likely to ramp up in pretty sharply in incoming months Its definitely a major reason for our optimistic growth forecast. In addition to Hatzius' look at the macro situation, analysts from Goldman Sachs have also been diving into specific stocks. Using TipRanks' database, we identified two stocks that the firm predicts will show solid growth in 2021. The rest of the Street also backs both tickers, with each sporting a Strong Buy consensus rating. Stellantis (STLA) Weve talked before about the Detroit automakers, and rightly so -- they are major players on the US economic scene. But the US hasnt got a monopoly on the automotive sector, as proven by Netherlands-based Stellantis. This international conglomerate is the result of a merger between Frances Groupe PSA and the Italian-American Fiat-Chrysler. The deal was a 50-50 all stock agreement, and Stellantis boasts a market cap exceeding $50 billion, and a portfolio of near-legendary nameplates, including Alpha Romeo, Dodge Ram, Jeep, and Maserati. The deal that formed Stellantis, now the worlds fourth largest automotive manufacturer, took 16 months to accomplish, after it was first announced in October 2019. Now that it is reality the merger was completed in January of this year the combined entity promises cost savings of nearly 5 billion euros in the operations of both Fiat-Chrysler and PSA. These savings look to be realized through greater efficiency, and not through plant closures and cutbacks. Stellantis is new in the markets, and the STLA ticker has supplanted Fiat-Chryslers FCAU on New York Stock Exchange, giving the new company a storied history. The companys share value has nearly tripled since its low point, reached last March during the corona recession, and has stayed strong since the merger was completed. Goldman Sachs analyst George Galliers is upbeat on Stellantis future, writing, We see four drivers which, in our view, will enable Stellantis to deliver. 1) PSA and FCAs product portfolios in Europe cover similar segment sizes at similar price points 2) Incremental economies of scale can potentially have a material impact on both companies... 3) Both companies are at a relatively nascent stage [in] electric vehicle programs. The merger will prevent duplication and deliver synergies. 4) Finally, we see some opportunities around central staffing where existing functions can likely be consolidated... In line with this outlook, Galliers rates STLA a Buy and his $22 price target indicates room for 37% growth in the year ahead. (To watch Galliers track record, click here) Overall, this merger has generated plenty of buzz, and on Wall Street there is broad agreement that the combined company will generate returns. STLA has a Strong Buy consensus rating, based on a unanimous 7 buy-side reviews. The stock is priced at $16.04, and the average target of $21.59 is congruent with Galliers, suggesting a 34.5% one-year upside potential. (See STLA stock analysis on TipRanks) NRG Energy (NRG) From automotive, we move to the energy sector. NRG is a $10 billion utility provider, with dual head offices in Texas and New Jersey. The company provides electricity to more than 3 million customers in 10 states plus DC, and boasts a over 23,000 MW was generating capacity, making it one of North Americas largest power utilities. NRGs production includes coal, oil, and nuclear power plants, plus wind and solar farms. In its most recent quarterly report, for 3Q20, NRG showed $2.8 billion in total revenues, along with $1.02 EPS. While down year-over-year, this was still more than enough to maintain the companys strong and reliable dividend payment f 32.5 cents per common share. This annualizes to $1.30 per common share, and gives a yield of 3.1%. Analyst Michael Lapides, in his coverage of this stock for Goldman Sachs, rates NRG a Buy. His $57 price target suggest an upside of 36% from current levels. (To watch Lapides track record, click here) Noting the recent acquisition of Direct Energy, Lapides says he expects the company to deleverage itself in the near-term. After NRGs acquisition of Direct Energy, one of the larger electricity and natural gas competitive retailers in the US, we view NRGs business as somewhat transformed. The integrated business model owning wholesale merchant power generation that supplies electricity that gets used to serve customers supplied by NRGs competitive retail arm reduces exposure to merchant power markets and commodity prices, while increasing FCF potential," Lapides wrote The analyst summed up, "We view 2021, from a capital allocation perspective, as a deleveraging year, but with NRG creating almost $2bn/year in FCF, we see a pick up in share buybacks as well as 8% dividend growth ahead in 2022-23." Were looking at another stock here with a Strong Buy analyst consensus rating. This one based on a 3 to 1 split between Buy and Hold reviews. NRG is trading for $41.84 and its $52.75 average price target suggests a 26% upside from that level on the one-year time frame. (See NRG stock analysis on TipRanks) To find good ideas for stocks trading at attractive valuations, visit TipRanks Best Stocks to Buy, a newly launched tool that unites all of TipRanks equity insights. Disclaimer: The opinions expressed in this article are solely those of the featured analysts. The content is intended to be used for informational purposes only. It is very important to do your own analysis before making any investment.

Read the original here:
5 Things To Consider When Choosing A Cryptocurrency Exchange - Yahoo Finance

The government's draft bill on cryptocurrencies is likely to bar Indian companies and individuals from using digital currencies if cleared by parliament.

The Cryptocurrency and Regulation of Official Digital Currency Bill, 2021 is expected to be introduced soon in the ongoing Budget session (of parliament).

People, traders, exchanges, and other financial systems' participants will not be permitted to deal in cryptocurrencies, with penalties proposed in the draft law for any violation by corporates as well as individuals, NDTV reported.

Also Read: Inter-ministerial group recommends ban on Bitcoin, private cryptocurrency in India: FM

The decision was taken after an inter-ministerial panel, including representatives from the Reserve Bank of India (RBI), felt that private cryptocurrencies will pose a risk to the financial stability of the country.

The bill, which proposes a blanket ban on all private cryptocurrencies, will also lay the basis for an official digital currency with ties to the RBI, which can regulate it, the report added.

The Centre's draft bill comes days after car manufacturer Tesla, led by billionaire Elon Musk, announced a $1.5 billion investment in Bitcoin with plans to accept the cryptocurrency from customers purchasing its electric vehicles. This drove the digital money to an all-time high.

Also Read: Sell or hold - investors on edge as India mulls cryptocurrency ban

Both the Centre and the central bank have been cautioning against digital currencies and have advised all banks and financial institutions not to deal in them.

The RBI, through a circular in April 2018, had advised all entities regulated by it not to deal in virtual currencies or provide services for facilitating any person or entity in dealing with or settling them.

In mid-2019, a government committee had suggested banning all private cryptocurrencies, with a jail term of up to 10 years as well as heavy penalties for anyone dealing in digital currencies.

However, the Supreme Court in March 2020 overturned RBI's circular, permitting banks to handle cryptocurrency transactions from traders and exchanges.

As per the official estimates, around 7 million Indians hold cryptocurrencies worth more than $1 billion.

Also Read: Cryptocurrencies are neither currency nor commodity; will bring bill soon: Anurag Thakur

View post:
Cryptocurrency bill: Individuals, corporates to be fined for using digital money - Business Today

TheCryptocurrencyand Regulation of Official Digital Currency Bill, 2021, ifcleared by the parliament, willimpose a blanket ban on the transaction ofcryptocurrencyby corporations and individuals.The bill is likely to be placed before the ongoing budget session of the Parliament.

In May 2018, the RBI via a circular directed allinstitutions regulated by itnottodeal in virtualcurrenciesandnottoprovide any facility to persons dealing with them.

The Supreme Court, however, in March 2020 overturned the RBIs circular permitting banks to handle crypto transactions from individuals, corporations or any other entity.

This bill comes as a bold move as there are no other governments around the world that have expressed the intention to ban virtual currencies all-together as a strategy to maintain the stability of the economy.

There is no doubt that the new form of digital currency has posed different problems for the existing financial system while illuminating the possibility ofprivatisationof monetary systems around the world. This according to some experts is a threat to the stability of the economy.

In Parliament, Minister of State for Finance and Corporate Affairs AnuragThakur said,Regulatory bodies like Reserve Bank of India (RBI) and Securities and Exchange Board of India (Sebi) dont have a legal framework to directly regulatecryptocurrenciesas they are neither currencies nor securities or commodities issued by an identifiable user.

Thakurhasfurthersaidthat the existing laws are insufficient to deal with this matter and that an inter-ministerial panel has been formed by the government.

This committee has submitted a report, following which there will be a meeting of the empowered technology group. The committee of secretaries has also given its report, and now the bill is beingfinalizedbefore its sent to the Cabinet, saidThakur.

Crypto currencies exchange has seen a huge increase of over 310% in 2020 withbitcoinbeing the most popular (valued around INR 34,33,476.81)Crypto experts have given the good news to the crypto holders in India that even if the ban is implemented they will still have the option of international exchange to trade their holdings and there will be no loss of money. However, the experts have warned that the ban will significantly reduce the value ofcrypto currenciesas it will directly impact the demands. So, it could be a wise move for Indians to trade their crypto holdings as soon as possible to prepare for the eventuality of the ban coming into force and their being huge losses in terms of the value of their holdings.

An estimated 70,00,000Indians have crypto holdings worth over $1 Billion.

Kevin Lim, Assistant Professor of Economics,Universityof Toronto, believes the ban on crypto currencies would merely mean a ban on its usage in transactions in the real economy for exchange of goods and services and its usage for transferring value between persons.

This would mean it would be perfectly legal for individuals to hold and trade crypto as an investment transaction.

-India Legal Bureau

Original post:
If cleared, Cryptocurrency Bill will impose ban on cryptocurrency deals - India Legal

List of the Companies Profiled in the Market: Microsoft Corporation, BitFury Group Limited, Advanced Micro Devices, Inc., Ripple Labs Inc., Intel Corporation, NVIDIA Corporation, Coinbase Ltd., AlphaPoint Corporation, Xilinx Inc., BitGo, and BTL Group Ltd

Pune, India, Feb. 11, 2021 (GLOBE NEWSWIRE) -- The global cryptocurrency market to gain from increasing Internet penetration worldwide. Recently Fortune Business Insights has announced a report titled, Cryptocurrency Market Size, Share and Global Trend by Component (Software, Services), Process (Transaction, Mining), Type (Bitcoin, Etherum, Litecoin, Ripple, Dashcoin), End User, and Geography Forecast till 2025. As per the report North America was leading the global cryptocurrency market in 2017. The growth witnessed is attributable to high adoption of digital currency in the region. The trend is unlikely to change and North America may lead the global cryptocurrency market through the forecast period.

Request To Sample PDF Brochure: https://www.fortunebusinessinsights.com/enquiry/request-sample-pdf/cryptocurrency-market-100149

The rising demand for online financial services in the region is likely to contribute the growth of the market in North America. Besides this, North America holds 27% participants, 39% of wallets, 18% transactions, and 19% of cryptocurrency paymen companies. This is a primary reason behind the high demand witnessed in the region. It also facilitates the higher adoption of cryptocurrency. The cryptocurrency market in Asia pacific is anticipated to expand at a relatively higher CAGR. The growth witnessed is attributable to increasing number of cryptocurrency transactions taking place in the region. Japan is known for major investments in cryptocurrency. Rising investments cryptocurrency have resulted in the formation of new laws for legalization of cryptocurrency under financial service agency. This is a major step taken by Japan and is expected to boost the Asia Pacific cryptocurrency market.

Story continues

Europe is also amongst the leading regions in the global cryptocurrency market. The growth witnessed is attributable to high adoption of e-financial services in the region. Moreover, Germany issued a statement to consider cryptocurrency as private currency without any payable taxes, unless held for a year or more. Tax and other benefits from cryptocurrency is expected to fuel the demand for cryptocurrency and increase the number of owners globally.

Adoption of e-wallets to Drive Market

Government initiated awareness programs regarding cryptocurrency in developing and undeveloped nations are anticipated to enable growth in the global cryptocurrency market, said a lead analyst at Fortune Business Insights.

Some of the chief factors expected to drive the global cryptocurrency market during the forecast period 2018-2025 are rising adoption of e-wallets and consumer shift towards online platforms. Additionally, cashback, promotional, and other offers on e-currency is a factor anticipated to fuel the demand in the global market.

On the contrary, requirement of a good network connection and high cost data tariff plans are a few factors that may hamper the growth in the global cryptocurrency market.Click here to get the short-term and long-term impact of COVID-19 on this Cryptocurrency Market.

Please visit: https://www.fortunebusinessinsights.com/industry-reports/cryptocurrency-market-100149

Increasing Focus on Acquisitions aimed at Leading the Global Market

Rapid technological developments taking place in e-currency and its services is a factor anticipated to propel the growth in the global cryptocurrency market. Additionally, mergers and acquisitions taking place in the global market are likely to propel the growth rate. For instance, Tron acquired a California based company, BitTorrent in 2018 for US$ 150 Mn. In October, 2018 a Belgian based investment firm NXMH acquired Bitstamp a crypto exchange for US$ 350 Mn. The competition among the global cryptocurrency market players is very high.

Ask for Customization:https://www.fortunebusinessinsights.com/enquiry/customization/cryptocurrency-market-100149

List of the Companies Profiled in the Cryptocurrency Market:

Quick Buy - Cryptocurrency Market: https://www.fortunebusinessinsights.com/checkout-page/100149

Table Of Content

Continued.!

Speak To Our Analyst- https://www.fortunebusinessinsights.com/enquiry/speak-to-analyst/cryptocurrency-market-100149

Have a Look at Related Research Insights:

Blockchain Market Size, Share & COVID-19 Impact Analysis, By Component (Platform/Solution and Blockchain-as-a-Service (BaaS)), By Blockchain Type (Public, Private, and Consortium), By Deployment (Proof of Concept, Pilot, and Production), By Application (Digital Identity, Payments, Smart Contract, and Others), By Industry (BFSI, Energy & Utilities, Government, Healthcare and Life Sciences, Manufacturing, Telecom), and Regional Forecast, 2020-2027

Blockchain in BFSI Market Size, Share And Global Trend By Type (Private Blockchain, Public Blockchain, Consortium Blockchain), By Application (Smart Contracts, Security, Trade Finance, Digital Currency, Record Keeping, GRC Management, Identity Management and Fraud Detection), And Geography Forecast Till 2021-2028

Blockchain in Retail Market Size, Share & Industry Analysis, By Component (Platform, Services), By Provider (Application and solution provider, Middleware provider Infrastructure, Protocol Provider), By Organization Size (Large Enterprises, Small & Medium Enterprises) Others and Regional Forecast, 2021-2028

Quantum Cryptography Market Size, Share and Global Trend By Component (Hardware & Services), By Services (Consulting, Support and Maintenance, Integration and Deployment), By Applications (Application Security, Network Security, Database Encryption), By Industry Verticals (Banking, Finance Services, Insurance, Consumer Good and Retail, Government & Defence, Healthcare and Life sciences, Telecom and IT) and Geography Forecast till 2021-2028

About Us:

Fortune Business Insights offers expert corporate analysis and accurate data, helping organizations of all sizes make timely decisions. We tailor innovative solutions for our clients, assisting them address challenges distinct to their businesses. Our goal is to empower our clients with holistic market intelligence, giving a granular overview of the market they are operating in.

Our reports contain a unique mix of tangible insights and qualitative analysis to help companies achieve sustainable growth. Our team of experienced analysts and consultants use industry-leading research tools and techniques to compile comprehensive market studies, interspersed with relevant data.

At Fortune Business Insights, we aim at highlighting the most lucrative growth opportunities for our clients. We therefore offer recommendations, making it easier for them to navigate through technological and market-related changes. Our consulting services are designed to help organizations identify hidden opportunities and understand prevailing competitive challenges.

Contact Us:Fortune Business Insights Pvt. Ltd.308, Supreme Headquarters,Survey No. 36, Baner,Pune-Bangalore Highway,Pune - 411045, Maharashtra, India.Phone:US: +1-424-253-0390UK: +44-2071-939123APAC: +91-744-740-1245Email: sales@fortunebusinessinsights.comFortune Business InsightsLinkedIn | Twitter | Blogs

Read Press Release https://www.fortunebusinessinsights.com/press-release/cryptocurrency-market-9952

Originally posted here:
Cryptocurrency Market to be Driven by Increasing Adoption of e-financial Services, says Fortune Business Insights - Yahoo Finance