By Sam Boughedda
Investing.com — Shares of OLB Group Inc (NASDAQ:OLB) surged Tuesday after the company said it is ready to process Mastercard (NYSE:MA) Bitcoin payments immediately.
OLB shares are currently trading around 45% above Monday's close, after initially rising to a high of $8.40 per share.
Merchants using OLB’s OmniSoft business management program and its SecurePay Payment Gateway Platform can activate Mastercard cryptocurrency transaction processing at any time, the company said.
Mastercard recently announced that merchants, banks, and fintech in the U.S. can now enable customers to buy, sell and hold cryptocurrencies.
“The recent announcement from Mastercard that it is supporting cryptocurrency should accelerate public acceptance of Bitcoin and other currencies for conducting everyday business,” said Ronny Yakov, CEO for the OLB Group.
“We have enabled crypto commerce throughout our OmniSoft and SecurePay portfolio which enables merchants to offer a broad choice of payment options that match customer’s expectations,” he added.