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Paysafe extends its partnership with transcoin.me to enable cash funding for cryptocurrency exchange
Jan 20, 2022
Vienna, Austria: Cryptocurrency exchange transcoin.me has extended its cooperation with leading specialised payments platform, Paysafe (NYSE: PSFE), to add a cash-based payment solution for buying cryptocurrency. Customers across Europe who prefer to use cash for online transactions can now use Paysafecash, one of Paysafe’s eCash solutions, to add cash into their transcoin.me fiat account. Transcoin’s existing suite of payment methods already includes Paysafe’s digital wallets Skrill and NETELLER.
Transcoin.me is the first cryptocurrency exchange to offer cash funding via Paysafecash with the partnership extending across 23 European countries. Customers in these countries are now able to select Paysafecash as the payment method for topping up their transcoin.me fiat account. This generates a unique barcode for the transaction, which the customer can then take to a nearby payment point where the barcode is scanned at the point of sales terminal and payment is made in cash.
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.”
NOTES TO EDITORS
Cryptocurrencies are complex products with high price volatility. They are unregulated, without consumer or financial protections.
Paysafecash, from leading specialised payments platform Paysafe, is an eCash payment method for customers who want to pay online easily and safely using cash. Available in nearly 30 countries, Paysafecash makes online transactions possible for customers, who do not have a debit or credit card, or who do not want to use them online. Payments are made by generating a barcode during the online checkout, which can then be scanned and paid for in person at one of more than 190,000 payment points. Paysafecash was launched in 2018 by the same Paysafe team who created the award-winning, prepaid cash solution paysafecard in 2000. A market leader in eCash payment solutions, paysafecard allows customers to buy prepaid vouchers that they can then redeem online.
About Paysafe Limited
Paysafe Limited (“Paysafe”) (NYSE: PSFE) (PSFE.WS) is a leading specialised payments platform. Its core purpose is to enable businesses and consumers to connect and transact seamlessly through industry-leading capabilities in payment processing, digital wallet, and online cash solutions. With over 20 years of online payment experience, an annualised transactional volume of US $100 billion in 2020, and approximately 3,400 employees located in 12+ global locations, Paysafe connects businesses and consumers across 70 payment types in over 40 currencies around the world. Delivered through an integrated platform, Paysafe solutions are geared toward mobile-initiated transactions, real-time analytics and the convergence between brick-and-mortar and online payments. Further information is available at www.paysafe.com.
transcoin.me provides an exchange service between a fiat account funded through a wide range of payment methods and cryptocurrency.
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