OLB Group Surges 90% After Saying It’s Ready for Mastercard Bitcoin Payments

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.

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