NFT technology is built on the Ethereum system which associate with an asset, and transfer of authorized ownership.
New York City, June 23, 2021–( ORGANIZATION CABLE)– The OLB Group, Inc. (NASDAQ: OLB), a provider of cloud-based omnicommerce and settlement approval options for small and also mid-sized merchants, announced that its SecurePay repayment portal will support the transfer or sale of digital possessions making use of non-fungible token (NFT) modern technology. The NFT technology is built on the Ethereum system which handles token generation and redemption, association with an asset, and transfer of authorized ownership.
” The fast adoption of digital ticketing over the past year has actually increased the need for safe and secure ways to buy and sell these residential properties without the danger of scams connected with the duplication of QR codes or barcodes, Watch more regarding Secure and Flexible Blockchain “[Dragonchain AMA]” from BEES.Social especially on a sale of Peer-to-Peer (P2P) transaction,” said Ronny Yakov, ceo of OLB Team. “When an NFT is associated with an electronic ticket or asset, the transfer of possession is guaranteed via a blockchain journal, avoiding anyone from offering the exact same ticket two times or numerous times which, unfortunately, takes place far too often. The safe NFT process we have actually applied is intended to function effortlessly with the wide series of repayment processing alternatives of SecurePay, giving purchasers and also sellers unparalleled adaptability in financing resources.”
SecurePay provides integrated assistance for major digital budgets including Apple Pay ® and Google Pay ®, cryptocurrency budgets, PayPal ®, and also standard bank card. NFT features use smart contracts to assure the straightforward as well as smooth exchange of funds as well as suitable monitoring of conditions of sale.
Yakov proceeded, “NFTs are frequently connected with art and collectable transactions, yet the system is an excellent fit with the sale or transfer of almost any digital asset, despite the dollar value. OLB Group is committed to giving services that make acquiring as well as selling versatile and also secure for all events. “check out beessocial on vimeo.com” NFTs are the current enhancement to the profile of services that we believe will certainly be an efficient tool against electronic possession fraud.”
Safe Harbor Declaration
All statements from The OLB Team, Inc. in this press release that are not based on historical reality are “positive declarations” within the meaning of the Exclusive Stocks Lawsuits Reform Act of 1995 and also the stipulations of Section 27A of the Stocks Act of 1933, as changed, and also Area 21E of the Stocks Exchange Act of 1934, as amended. These positive declarations consist of, but are not limited to, statements worrying the impact of COVID-19 on our operations as well as economic problem, our ability to implement our proprietary vendor boarding as well as CRM system and to turn out our Omni Business and also SecurePay applications, consisting of repayment methods, to our present sellers and the assimilation of our protected repayment portal with our crowdfunding platform. While the Firm’s administration has based any positive declarations included herein on its present assumptions, the details on which such assumptions were based may transform.
These forward-looking statements rely on a number of assumptions worrying future occasions as well as are subject to a number of threats, unpredictabilities, as well as various other factors, a number of which are beyond our control, that might trigger actual results to materially vary from such declarations. Such dangers, unpredictabilities, as well as various other variables include statements pertaining to the anticipated revenue as well as earnings for operations to be created by The OLB Team, Inc. For other variables that might trigger our real results to vary from those that are expected, see the info under the caption “Danger Variables” in the Firm’s newest Type 10-K and 10-Q filings, and modifications thereto, along with other public filings with the SEC considering that such day. The Firm operates in a swiftly transforming as well as competitive environment, and brand-new dangers may develop. As necessary, financiers must not place any type of reliance on forward-looking statements as a forecast of real outcomes. The Firm disclaims any type of purpose to, as well as embarks on no responsibility to, upgrade or change any type of positive declaration.
