RTTNews | Nov 2, 2021 10:13AM EDT

10:13 Tuesday, November 2, 2021 (RTTNews.com) - Shares of OLB Group, Inc. (OLB) are surging nearly 70% on Tuesday morning after the company announced support for Mastercard cryptocurrency processing.

OLB is currently trading at $7.72, up $3.13 or 68.17%, on the Nasdaq, on a volume of 51 million shares, far above average volume of about 1 million shares.

OLB Group, a provider of cloud-based omnicommerce and payment acceptance solutions for small- and mid-sized merchants and Bitcoin mining company, announced that it is ready to process Mastercard Bitcoin payments immediately.

Merchants utilizing OLB's OmniSoft business management platform and the company's SecurePay Payment Gateway Platform can activate Mastercard cryptocurrency transaction processing at any time.

"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, chief executive officer 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."

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