Multinational online payments company Paysafe recently partnered with the digital currency exchange Coinbase seeking US market expansion. In accordance with the terms of the recent partnership, Coinbase will be providing a white label solution for the Paysafe maintained digital wallet Skrill. Paysafe Partners with Coinbase Seeking US Market Expansion A partnership has been recently reported between Paysafe maintained Skrill and Coinbase to assist in the growth of the digital wallet in the United States. This partnership will lead customers from over 30 regions of the United States to trade cryptocurrencies with their wallets. Brett Tejpaul, the Head of Institutional Trading at Coinbase released a statement in the support of digital assets that said: “As we focus on building the crypto-economy, we look to partner with leaders like Skrill who can white-label our turnkey solution to provide and support digital assets to their clients without having to learn the nuances of building a crypto exchange.” The payments firm added to this and said that the US expansion plan would start off immediately. Digital wallet Skrill said in addition to the company’s statement that they will be reinforcing the characteristics of their wallet for American customers. The Paysafe managed Skrill also launched Skrill Visa Prepaid Card earlier to market Skrill Money Transfer settlement solution. Coinbase Navigating to Become the Largest Crypto Exchange Brain Armstrong, the CEO, and Co-Founder of the company has successfully managed to occupy the admirable position of being the biggest BTC exchange in the US. The institutional demands are rising constantly which has led to the crypto exchange becoming the largest crypto exchange. Considering the highly valued clients that the firm has managed to add to its lists such as MicroStrategy, Tesla, and most recently Meitu, a Chinese company it is becoming the ultimate landing place for firms seeking exposure to start trading or investing in the fluctuating crypto assets.
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