Sorare and Mangopay join forces to introduce Cash Wallet NFT, revolutionizing fan engagement and player interaction with traditional currency in the NFT market.
Global sports entertainment firm Sorare has teamed up ingeniously with Mangopay to introduce Cash Wallet NFT, allowing all sports fans to enjoy Sorare without having to use cryptocurrency. With this ground-breaking function, Sorare managers may safely access their bank accounts, save credit card data, and deposit and withdraw money from their accounts in USD, EUR, or GBP without using ETH.
Players will now be able to interact with the cryptocurrency market in new ways as a result of the easy and accessible way in which they may now discover the world of NFTs. For all the information, see below.
Thanks to an inventive relationship between Sorare and Mangopay, NFT experiences are made simple
Through a strategic alliance with Mangopay, a famous supplier of particular payment infrastructure for platforms, Sorare, the renowned worldwide sports entertainment firm, has achieved an important milestone in the Web3 market as expected.
Together, they introduced Cash Wallet, a brand-new function that lets Sorare’s 5 million registered managers send payments in “real” (fiat) currencies including the US dollar (USD), euro (EUR), and pound (GBP).
Sorare, a leader in Web3’s fusion of collectibles and fantasy sports, gives its players the chance to possess digital cards with special advantages.
This type of ownership makes it possible to monetize digital cards, permits their use across several seasons and games, and ensures their provable rarity and validity.
It has grown rapidly since its launch in 2018 and is now a part of some of the best sports leagues and teams in the world, including the Premier League, MLB, MLS, and NBA.
Sports legends like Zinedine Zidane, Serena Williams, and Lionel Messi have also been drawn to the initiative because of it and have joined as investors, ambassadors, and consultants.
Since its inception, Sorare has dedicated itself to ensuring a seamless user experience, enabling millions of sports fans to benefit from digital cards within Web3 without running into the challenges frequently connected with this new technological frontier.
Sorare Cash Wallet removes a significant barrier to entry in the sector with the help of Mangopay and the addition of fiat currencies, making it accessible to all managers, both inexperienced and seasoned.
With Cash Wallet, Sorare pushes the envelope of accessibility in NFTs and fantasy sports
Users may securely link their bank accounts to Sorare using this creative and user-friendly solution, store credit card information, and deposit funds immediately into Cash Wallet to purchase and sell cards using frequently used currencies like the US dollar, euro, or British pound.
This capability will be managed by Mangopay, a well-known supplier of payment infrastructure for platforms and marketplaces.
By introducing Cash Wallet, Sorare expands accessibility and inclusivity in the world of NFTs and fantasy sports, giving sports fans everywhere a remarkable experience in the virtual card market.
The introduction of the new function is the most recent development in Sorare’s long-term strategy, which aims to increase user numbers, establish the greatest sports community on the planet, and establish the next major player in the world of sports entertainment.
Finally, beginning in early August, Cash Wallet will be accessible to all Sorare managers in anticipation of the start of the 2023 MLB Postseason, Sorare Season 2: NBA, and the European football season. Mangopay will be given control over the Cash Wallet management.
Several claims about the partnership between Sorare and Mangopay
The following are Nicolas Julia’s comments on the new project as CEO and co-founder of Sorare:
Sorare is built using blockchain technology because we believe it can deliver unique benefits to sports fans and fantasy gamers in the form of proven authenticity, scarcity, and portability.
However, new technologies must be accessible to all if they are to fulfil their potential.The launch of Cash Wallet is key to our goal of making Sorare as simple and user-friendly as possible for all sports fans, and we are thrilled that we can now enable Managers to build their teams and collections using real-world (or fiat) currencies for the very first time.
However, Mangopay’s CEO, Romain Mazeries, 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, collectables, and gaming domains, boasts an impressive growth trajectory with over five 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.