Paysafe Partners with Alchemy Pay to Expand Fiat-Crypto Payment Options
Portfolio Pulse from Benzinga Newsdesk
Paysafe (NYSE:PSFE) has partnered with Alchemy Pay to expand fiat-crypto payment options. The partnership integrates Paysafe's Skrill and NETELLER digital wallets into Alchemy Pay's Fiat On-ramp solution, allowing users in 130 countries to purchase cryptocurrencies using 40+ fiat currencies. The collaboration also includes Paysafe's open banking solution in the UK and Europe, with plans to expand to Latin America later this year.
July 25, 2024 | 8:17 am
News sentiment analysis
Sort by:
Ascending
POSITIVE IMPACT
Paysafe has partnered with Alchemy Pay to integrate its Skrill and NETELLER digital wallets into Alchemy Pay's Fiat On-ramp solution, expanding payment options for crypto purchases in 130 countries.
The partnership with Alchemy Pay significantly expands Paysafe's reach in the crypto market by integrating its digital wallets into a widely-used fiat-crypto payment solution. This is likely to increase transaction volumes and revenues for Paysafe, positively impacting its stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100