Platform-specific payment infrastructure provider Mangopay announces its partnership with global sports entertainment company Sorare to launch Cash Wallet.

In brief:

-This new feature which allows Sorare’s 5 million registered users or “Managers” to make payments using real-world (or ‘fiat’) currencies such as the US Dollar (USD), Euro (EUR), and British Pound Sterling (GBP).

-Sorare has been working to build a seamless experience where millions of sports fans can enjoy the benefits of Sorare digital cards without the friction commonly experienced by consumers who are new to Web3.

-By partnering with Mangopay to introduce fiat currency, Sorare Cash Wallet eliminates one of the main barriers to entry and makes it easier than ever for existing and new Managers to experience its fantasy sports game and marketplace.

What does this mean?

Romain Mazeries, CEO at Mangopay, said: “As a frontrunner in the payment infrastructure industry, we are committed to shaping the next era of payments. Our collaboration with Sorare underscores this dedication. Sorare, an industry leader in the sports, collectibles, and gaming domains, boasts an impressive growth trajectory with over 5 million registered users. Partnering with them not only fortifies our strategic position but also paves the way for joint advancements in payment solutions, enhancing accessibility to their innovative blockchain platform".