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Paysafe Reports Surging eCommerce and Digital Wallet Volumes
PYMNTS.com· 2025-08-12 23:37
Core Insights - Paysafe's shares surged following strong earnings, driven by organic growth in eCommerce and digital wallet revenues, with transaction volumes increasing by double digits [1][6] Financial Performance - Transaction volumes rose by 10% year-on-year, reaching $41.8 billion [2] - Organic revenue growth was reported at 5%, with eCommerce growth exceeding 30% across various sectors [5] - Revenue from eCash solutions and online account distributions grew by 37%, totaling $22 million [3] - Merchant solutions volumes increased by 9% to $35.7 billion [5] Business Development - The CEO indicated that enterprise-level deals and annual contract values are up over 20% year-to-date, with a strong backlog in gaming and FinTech sectors [3] - The company launched the PagoEfectivo wallet in Peru, achieving nearly 40,000 signups and a significant volume of repeat users [3][4] - 81% of surveyed customers expressed intent to use the company's wallet, with existing Pago customers doubling their transaction frequency [4] Future Outlook - The CFO reaffirmed the 2025 outlook, expecting organic growth to accelerate to 8% to 10% in the second half of the year, with the fourth quarter anticipated to be the strongest [6] - The company is exploring stablecoins as a potential growth avenue, leveraging its distribution network for further development [7][8]
X @BSCN
BSCN· 2025-08-12 22:11
RT BSCN (@BSCNews)CIRCLE MAKES PUBLIC ITS PLAN TO LAUNCH "ARC," A LAYER-1 PAYMENTS BLOCKCHAIN- USDC issuer @Circle has announced plans to launch its own Layer-1 (L1) blockchain, Arc, later this year, marking a significant expansion in the company’s role within the stablecoin ecosystem.- The announcement comes alongside Circle’s Q2 2025 financial results, which showed strong year-over-year growth.Key Details:- The new blockchain is designed to be compatible with the Ethereum Virtual Machine (EVM) and will se ...
WHY ETHEREUM IS PUMPING LIKE CRAZY... | Cryptocurrency News
Altcoin Daily· 2025-08-12 21:53
I just think the main story here is there is a very strong regulatory tailwind behind the space right now. All eyes on crypto today as both Bitcoin and Ethereum silently about to break all-time highs. And just for perspective, looking at the Ethereum price, ETH hasn't broken its 2021 all-time high since 2021.That's around $4,800, down 8%, only 8% from where we are today. Altcoin daily subscribers have been ready for this since the Ethereum lows. Now, obviously, I was accumulating at these lows, but in 2023, ...
X @Ansem
Ansem 🧸💸· 2025-08-12 20:19
RT Meltem Demirors (@Melt_Dem)if you’re a financial services company with a massive network and distribution, you’re obviously going to launch your own L1 and stablecoin and clip the 4.5% interest margin for yourself instead of paying it to Tether or Circle come on y’all don’t be thick ...
X @BREAD | ∑:
BREAD | ∑:· 2025-08-12 18:59
Ngl bros occasionally I think "do we really need another chain?" as we're years into building Mega and on the precipice of launch.Then you see 9 chains announced (not even going live) from the largest players in the world and it reaffirms the scale coming to this industry.The world will be onchain eventually, and most of these systems straight up can't/won't be able to handle the capacity needs.Mega will push us closer to that number, but even we'll fall short of long-term global needs in the age of stablec ...
X @Token Terminal 📊
Token Terminal 📊· 2025-08-12 18:24
Stablecoin supply by chain (left)Tokenized RWAs by chain (right)@ethereum is the category leader for both https://t.co/Xg5g9mlEZY ...
X @BSCN
BSCN· 2025-08-12 18:10
The new blockchain is designed to be compatible with the Ethereum Virtual Machine (EVM) and will serve as an enterprise-grade foundation for stablecoin payments, foreign exchange, and capital markets applications.BSCN (@BSCNews):CIRCLE MAKES PUBLIC ITS PLAN TO LAUNCH "ARC," A LAYER-1 PAYMENTS BLOCKCHAIN- USDC issuer @Circle has announced plans to launch its own Layer-1 (L1) blockchain, Arc, later this year, marking a significant expansion in the company’s role within the stablecoin ecosystem.- The https://t ...