Paysafe (NYSE: PSFE), a payments platform, and Eightcap, a global retail trading provider, are excited to announce the strengthening of their partnership through the introduction of an innovative Embedded Trading Wallet solution.
This collaboration aims to “provide a joint embedded finance solution for Eightcap and Paysafe’s shared partners and merchants.”
Eightcap and Paysafe 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 a white-label, plug-and-play trading and payment wallet 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, hosted “within Paysafe and Eightcap’s combined global licensing framework, brings together compliance expertise, and payments and trading capabilities to offer partners a seamless and secure trading wallet, empowering them to offer their customers a convenient, secure and reliable trading and digital wallet solution.”
Eightcap, a global leader in retail derivatives trading, “stands out in the industry with its unique B2B embedded trading API, which allows partners to seamlessly offer over 1,000 tradable instruments in Stocks, Indices, Crypto, FX, and Commodities.”
Micah Kershner, SVP of Crypto and Digital Assets at Paysafe, said:
“We’re delighted to be embarking on this strategic partnership with Eightcap and facilitating its embedded trading wallet solution through white labelling our products and services. Embedded finance is the future, and we believe this solution will revolutionize the trader’s experience.”
Patrick Murphy, Director of UK at Eightcap, commented:
“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.”
Eightcap and Paysafe will be attending TOKEN2049 in Singapore (September 13 and 14).