Paysafe has promoted Elbruz Ylmaz to a newly created position as senior vice president of cryptocurrency.
As part of his new role as CEO, Ylmaz will oversee the expansion of Paysafe’s cryptocurrency products for both merchants and customers. When he is appointed, his appointment will take effect immediately.
It is up to Ylmaz, in his new position, to expand Paysafe’s global crypto offering to fulfill the ever-increasing demands of the company’s merchant and consumer customers everywhere. Chirag Patel, CEO of Paysafe’s Digital Wallets division, has immediately added Ylmaz to his leadership team.
The appointment of Ylmaz follows Paysafe’s recent notable triumphs in the crypto arena. Earlier this year, an announcement from Binance stated that Paysafe had constructed a white-label wallet solution for its new payments arm, Bifinity, allowing SEPA payments to be reinstated across Europe, a move that has since been confirmed.
In addition to their longtime status as FCA-authorized e-money institutions, Paysafe stated last month that its group companies, Skrill Limited and Paysafe Financial Services Limited, were two of the few FCA-registered crypto-asset corporations in the UK. Numerous crypto enterprises worldwide use Paysafe’s card processing services and eCash solutions.
At Bitpanda, a cryptocurrency and digital asset investing platform with headquarters in Vienna, Ylmaz served as the company’s Managing Director for the Middle East, North Africa, and Turkey. As a venture capitalist before Bitpanda, Yilmaz invested in and scaled several creative tech startups, including several blockchain and crypto firms.
“It is anticipated that Ylmaz’s broad network of industry contacts, as well as his in-depth understanding of all things crypto, will be of significant assistance to our existing crypto team. He will assist us in maintaining our advantage in the field.”
What is PaySafe?
It can be described as a pre-paid credit card. Whether or not you have a bank account, you can use it to make a secure online payment. Paysafecard doesn’t have any hidden fees or contracts because it’s a prepaid card.
With Paysafecard, you may make your first Bitcoin buy on exchanges and P2P sites that allow the payment method. Brokers which accept Paysafecard are frequently large exchanges.. However, P2P solutions are also available.