With over five million registered users, blockchain sports company Sorare has just made it easier for sports fans to build their fantasy teams and collections using fiat currencies in a new partnership with B2B fashion wholesale marketplace Mangopay. Launching in early August, Cash Wallet will allow Sorare users to make payments in fiat, including dollars, the euro and sterling, as initially reported by GamesBeat.
First launched in 2018, Sorare has established itself as a next-generation sports platform, combining fantasy sports with digital collectibles and allowing users to own their own cards within Sorare’s games ecosystem, which spans football, baseball, and basketball titles.
The biggest leagues in the world
By enabling players to monetize their digital cards and play them across different seasons and games, the gaming platform has been able to benefit from partnerships with some of the world’s biggest leagues and teams, including the MLS, the Premier League, MLB and the NBA. and seeing athletes like Lionel Messi, Serena Williams and Zinedine Zidane emerge as investors, ambassadors and advisors.
The partnership with Mangopay is seen as a step in expanding Sorare’s reach. By removing the crypto entry barrier, the platform aims to make its fantasy sports games and marketplace more accessible to both existing users and newcomers who are still hesitant to enter the Web3 digital asset landscape.
Nicolas Julia, Sorare’s CEO, highlighted the company’s commitment to harnessing the unique benefits of blockchain technology, such as ensuring authenticity, scarcity and portability of its digital assets.
“New technologies need to be accessible to everyone if they are to unleash their potential,” Julia said in a statement. “The launch of Cash Wallet is key to our goal of making Sorare as simple and easy to use as possible for all sports fans and we are delighted that we can now enable ‘Managers’ to build their teams and collections using real-world world (or fiat) currencies for the very first time.”
Design payment solutions
Romain Mazerie, CEO of Mangopay, declared his determination to shape the next payment era, describing his marketplace as a “leader in the payment infrastructure industry”. As a new payment solution, Cash Wallet allows players to link their bank accounts to Sorare, with the option to store their credit card information and deposit funds directly into their Cash Wallet for buying and selling digital sports cards.
In a recent tweet, Sorare stated that Cash Wallet will begin its gradual rollout to all managers on August 2, with deposits and payments to credit and debit cards in USD in September.