Paysafe gives green light to crypto, collaborating with Alchemy Pay. Drex in Brazil.
Today's news is closely tied to cryptocurrency, and for good reason: it is truly making the way into lives of many people around the world. If your business still doesn't accept cryptocurrency payments, it’s time to change that! Contact us to integrate cryptocurrency processing and other payment methods into your website.
Closer to the news — Paysafe has partnered with Alchemy Pay and now offers open banking, Skrill, and Neteller for cryptocurrency exchange transactions. This means that those who want to buy Bitcoin or other cryptocurrencies can now pay for their purchase using favorite e-wallets. Why is this interesting? Such collaborations vividly illustrate that cryptocurrency is no longer something unreliable and "soon to disappear," but a fully legitimate participant in the financial market and its operations. Not just for exchanges, but also for purchasing goods or services. If traditional banks and payment systems were once wary of cryptocurrency, they are now ready to cooperate because it is clear that cryptocurrency is here to stay.
At the same time, many countries are seriously concerned about their citizens' rising interest in cryptocurrency, and to control these processes and stay on trend, they are developing own digital currencies. This is what Central Bank of Brazil did by introducing DREX — a digital Real with integrated AI. Central Bank of Brazil aims to keep its financial system modern through implementation of Drex. The retail version of currency will be provided by a regulated financial intermediary, which is not yet known. In practice, Drex platform represents an ecosystem where regulated financial intermediaries will convert deposits and electronic money into Drex, so their clients have access to various financial services.
It's quite interesting to observe Brazil in recent years. The level of financial services has indeed grown significantly, and country's development in various areas, including licensing of gambling, clearly indicates a desire to move forward at the same speed.
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