PlayIconNav
BTC
$54,456.02+0.20%
ETH
$2,295.78+0.07%
BNB
$504.93+1.66%
SOL
$129.70+1.78%
XRP
$0.52883925+0.01%
DOGE
$0.09588071+1.53%
CD20
$1,750.96+1.02%
TRX
$0.15138209+0.86%
TON
$4.74+2.05%
ADA
$0.33465437+3.79%
AVAX
$23.03+6.06%
WBTC
$54,458.04+0.18%
Ad
Finance

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.

By Michael Bellusci
AccessTimeIconNov 2, 2021 at 6:17 p.m. UTC
Updated May 11, 2023 at 4:09 p.m. UTC
Mastercard Acquires Blockchain Analytics Firm CipherTrace
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.
VolumeMuteUnmute

Is Bitcoin Losing Its Bullish Momentum?

  • Goldman Sachs Holds Over $400M in Bitcoin ETFs; Crypto.com's New Sponsorship Deal
    02:29
    Goldman Sachs Holds Over $400M in Bitcoin ETFs; Crypto.com's New Sponsorship Deal
  • U.S. Adds 206K Jobs in June; Mt. Gox Begins Repayments in Bitcoin and Bitcoin Cash
    01:53
    U.S. Adds 206K Jobs in June; Mt. Gox Begins Repayments in Bitcoin and Bitcoin Cash
  • Bitcoin’s Price Is Way Up. And $48 Trillion in Wealth Just Got Access
    45:11
    Bitcoin’s Price Is Way Up. And $48 Trillion in Wealth Just Got Access
  • Bitcoin Ecosystem Developments in 2023 as BTC Hits Fresh 2023 High
    08:42
    Bitcoin Ecosystem Developments in 2023 as BTC Hits Fresh 2023 High

    • Read more: Mastercard Is Integrating Crypto Payments Through a New Partnership With Bakkt

    Disclosure

    Please note that our privacy policy, terms of use, cookies, and do not sell my personal information has been updated.

    CoinDesk is an award-winning media outlet that covers the cryptocurrency industry. Its journalists abide by a strict set of editorial policies. In November 2023, CoinDesk was acquired by the Bullish group, owner of Bullish, a regulated, digital assets exchange. The Bullish group is majority-owned by Block.one; both companies have interests in a variety of blockchain and digital asset businesses and significant holdings of digital assets, including bitcoin. CoinDesk operates as an independent subsidiary with an editorial committee to protect journalistic independence. CoinDesk employees, including journalists, may receive options in the Bullish group as part of their compensation.

    Author placeholder image
    Michael Bellusci

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

    Follow @mikeybellusci on Twitter