Paysafe, a world-renown payments platform, and Eightcap Pty Ltd., a global retail trading provider, have joined efforts to developed an innovative embedded trading and digital wallet for instant transfers to their trading margin. This new groundbreaking payment solution is set to be rolled out and shared with partners and merchants within the EU later this year.
What does the solution mean for joint clients?
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 trading wallet. Clients will have a secure and reliable trading and digital wallet enabling them to access a multi-currency account with up to 40 currencies.
Currently, traders struggle with slow deposits and withdrawals, as well as limited payment methods. But with the digital wallet, instantaneous transactions and multiple payment options are available in various currencies, making the process more streamlined and accessible.
Eightcap, a global leader in retail derivatives trading, stands out in the industry with its unique B2B embedded trading API (Application Programming Interface), which allows partners to offer over 1000 tradable instruments in Stocks, Indices, Crypto, FX, and Commodities.
The strengthened partnership reflects their commitment to driving innovation and delivering cutting-edge solutions in the payment and trading sectors. By combining their strengths, they aim to empower their shared partners with a world-class Embedded Trading Wallet solution.
What does this mean for stakeholders?
“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. Embedded finance is the future, and we believe this solution will revolutionise the trader’s experience,” said Micah Kershner, Senior Vice President of Crypto and Digital Assets, Paysafe.
Commenting on the partnership, Patrick Murphy, Director of UK at Eightcap, said, “We are extremely excited to be entering into this new phase of our partnership with Paysafe. This solution will enable unparalleled payment capabilities for our global partners and traders.”
Eightcap and Paysafe first established a successful payments partnership in 2016, with Paysafe providing a wide range of payment options for Eightcap’s global traders including digital wallets like Skrill and NETELLER, as well as various local payment methods.
The newly introduced Embedded Trading Wallet utilises 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.
