Mangopay partners with Sorare to launch ‘Cash Wallet’ for users

By Gloria Methri

Sorare, the global sports entertainment company, has partnered with Mangopay to launch Cash Wallet, a new feature that allows its registered users or “Managers” to make payments using real-world currencies including USD, EUR, and GBP. Starting in early August, Cash Wallet will be available to all Sorare Managers as part of the Sorare Wallet System.

Sorare started at the intersection of collectibles and fantasy sports, with the innovative proposition of digital card ownership made possible by Web3. It brings unique benefits to users: monetization of digital cards, the ability to play them across seasons and games, provable scarcity, and authenticity.

The company has also been working to build a seamless experience where sports fans can enjoy the benefits of Sorare digital cards.

By partnering with Mangopay to introduce fiat currency, Sorare Cash Wallet makes it easier for existing and new Managers to experience its fantasy sports game and marketplace. The innovative solution will allow Managers to securely connect their bank account to Sorare, store credit card details, and deposit money directly in their Cash Wallet to buy and sell cards using widely accepted currencies. This feature will be powered by Mangopay, a payment infrastructure provider for platforms and marketplaces.

Nicolas Julia, CEO and co-founder at Sorare, said, “Sorare is built using blockchain technology because we believe it can deliver unique benefits to sports fans and fantasy gamers in the form of proven authenticity, scarcity, and portability. However, new technologies must be accessible to all if they are to fulfill their potential. The launch of Cash Wallet is key to our goal of making Sorare as simple and user-friendly as possible for all sports fans and we are thrilled that we can now enable Managers to build their teams and collections using real-world (or fiat) currencies for the very first time.”

Romain Mazeries, CEO at Mangopay, said, “As a frontrunner in the payment infrastructure industry, we are committed to shaping the next era of payments. Our collaboration with Sorare underscores this dedication. Partnering with Sorare not only fortifies our strategic position but also paves the way for joint advancements in payment solutions, enhancing accessibility to their innovative blockchain platform”.