Paysafe and Eightcap have announced their partnership expansion with 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.
The partnership between Eightcap and Paysafe was initially established in 2016, with Paysafe offering a wide range of payment options for Eightcap global traders, including digital wallets like Skrill and NETELLER, as well as various local payment methods.
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. It aims to make it easier and more convenient for traders to engage in trading activities from anywhere in the world.
Hosted within Paysafe and Eightcap’s combined global licensing framework, the Embedded Trading Wallet brings together compliance expertise, payment and trading capabilities. It offers partners a seamless and secure trading wallet, empowering them to provide their customers with a convenient, secure, and reliable trading and digital wallet solution.
Eightcap, a leader in retail derivatives trading, stands out in the industry with its unique B2B embedded trading API. This API 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, expressed his excitement about the strategic partnership with Eightcap and the opportunity to facilitate its embedded trading wallet solution through white labeling products and services. He believes that embedded finance is the future and expects this solution to revolutionize the trader’s experience.
Patrick Murphy, Director of UK at Eightcap, also commented on the partnership, stating their excitement about entering this new phase and how the solution will enable unparalleled payment capabilities for their global partners and traders.
Paysafe and Eightcap will be attending TOKEN2049 in Singapore on September 13 and 14.
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