Paysafe has extended its cooperation with crypto exchange transcoin.me to add a cash-based payment solution for buying cryptocurrency
Partnership
Customers in Europe who prefer cash for online purchases may now contribute cash to their transcoin.me fiat account via Paysafecash, one of Paysafe’s eCash options. Paysafe’s digital wallets Skrill and NETELLER are already part of Transcoin’s existing payment options.
Transcoin.me is the first cryptocurrency exchange to accept cash deposits using Paysafecash. Payment service that is available in 23 European countries. Paysafecash is now available as a payment method for filling up your transcoin.me fiat account in these countries. This produces a unique barcode for the transaction, which the consumer may then take to a nearby payment point and scan at a point of sale terminal to make a cash payment.
Paysafe Limited is a prominent specialized payments platform. Its main goal is to make it easier for companies and individuals to connect and transact by providing industry-leading payment processing. As well as digital wallet and online cash solutions. Paysafe links companies and customers across 70 payment methods in over 40 currencies throughout the world. With over 20 years of online payment expertise, an annualised transactional volume of $100 billion in 2020. And around 3,400 people in 12+ worldwide locations. Paysafe solutions are focused at mobile-initiated transactions, real-time analytics, and the convergence of brick-and-mortar and online payments, and are delivered through an integrated platform.
Quotes
Deniss Belaicuks, CEO of transcoin.me, commented, “transcoin.me is dedicated to providing a new standard for exchanging fiat to cryptocurrency. Partnering with Paysafe to offer a full suite of payment methods is an integral part of our ability to deliver on our mission. Extending these payment solutions to a cash-based service like Paysafecash significantly increases the reach of our cryptocurrency exchange, by extending it to cash-reliant customers.”
Udo Müller, CEO of Paysafe’s eCash division, added: “The rapidly growing decentralised finance economy is a focus for Paysafe and our suite of traditional and alternative payment solutions, including digital wallets and payment processing. We also see our eCash solutions as a great fit. The ability to use cash-funding for participation in the cryptocurrency exchange allows our cash-based customers access to the space as well as widening the reach of platforms like transcoin.me.”
