Paysafe partners Eightcap to launch Embedded Trading Wallet in EU
By Gloria Methri
Paysafe and Eightcap, a global retail trading provider, have joined forces to launch an innovative Embedded Trading Wallet solution. This strategic collaboration aims to provide a joint embedded finance solution for Eightcap and Paysafe’s shared partners and merchants.
The two firms first established a successful payments partnership in 2016, with Paysafe providing a wide range of payment options for Eightcap global traders including digital wallets like Skrill and NETELLER, as well as various local payment methods.
Expanding on this collaboration, the newly introduced Embedded Trading Wallet utilizes Paysafe’s digital wallet infrastructure and Eightcap’s trading technology. This innovative solution allows partners to offer white-label, plug-and-play trading, and payment wallets for their retail traders, making it easier and more convenient for them to engage in trading activities from every corner of the globe.
The Embedded Trading Wallet brings together compliance expertise, and payments and trading capabilities to offer partners a secure trading wallet, empowering them to offer their customers a convenient and reliable trading and digital wallet solution.
Eightcap, a specialist in retail derivatives trading, is known for its unique B2B embedded trading API, which allows partners to offer over 1,000 tradable instruments in Stocks, Indices, Crypto, FX, and Commodities.
“We are delighted to be embarking on this strategic partnership with Eightcap and facilitating its embedded trading wallet solution through white labelling our products and services,” said Micah Kershner, SVP of Crypto and Digital Assets at Paysafe. “Embedded finance is the future, and we believe this solution will revolutionise the trader’s experience.”
Patrick Murphy, Director of UK at Eightcap, added, “We are extremely excited to be entering into this new phase of our partnership. This solution will enable unparalleled payment capabilities for our global partners and traders.”
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