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August 3, 2021Blog Posts

OLB Group Forms DMint, Inc. a Cryptocurrency Mining Company

Business Wire

The OLB Group, Inc. (NASDAQ: OLB), a provider of cloud-based omnicommerce and payment acceptance solutions for small- and mid-sized merchants, announced the formation of DMint, Inc, a wholly-owned subsidiary of OLB (“DMint”) that will commence mining cryptocurrency in 2021. The operations plan for DMint to build out data centers and utilize ASIC machines to mine cryptocurrency with underutilized energy in accordance with ESG standards.

OLB’s Chief Executive Officer Ronny Yakov stated, “DMint will strategically enter the cryptocurrency mining business, using a cost efficient and green business model, which will significantly enhance OLB revenues. This new revenue source will also fuel new services and opportunities for our small- and medium-sized merchants.”

OLB Group believes that cryptocurrency will have a major impact in the payment industry and wants to be at the center of it. By starting our cryptocurrency mining subsidiary, OLB Group will be able to provide additional services to its existing merchant base.

OLB GROUP

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New research from The Strawhecker Group analyzes key trends and consumer attitudes.

Download a free infographic covering several findings from the full report.

Consumers have increasingly adopted Buy Now, Pay Later (BNPL) services for multiple reasons; a desire for financial flexibility, a way to avoid incurring credit card debt, or to purchase items outside of their budgets. However, despite its popularity, consumer debt and missed payments have led to calls for additional research and regulation. Read the press release.

To take a closer look, The Strawhecker Group (TSG) conducted a survey of over 1,500 U.S. consumers in early 2021 with the goal of understanding domestic attitudes and perspectives on the use of BNPL services. The complete findings, a selection of BNPL provider profiles, and market landscape details can be found in the firm’s new report Buy Now, Pay Later: An Analysis of Key Trends and Consumer Attitudes.

Highlights of this extensive 81-page report include:

  • Buy Now, Pay Later Background
  • Key Players in the Buy Now, Pay Later Space
  • Buy Now, Pay Later Consumer Survey
  • Concluding Thoughts: The Future of Buy Now, Pay Later
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