Sorare teams with Mangopay to launch Cash Wallet for real-world currency transactions

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Sorare, the blockchain sports game company, has partnered with Mangopay to launch Cash Wallet, which lets fans make purchases in real-world (fiat) currencies.

Sorare’s five million registered users normally pay in cryptocurrencies. With Cash Wallet, they will be able to make payments in fiat currencies such as the U.S. dollar, the euro, and the British pound sterling.

For Sorare and the wider Web3 industry, this eliminates one of the main barriers to entry and makes it easier than ever for existing and new players to experience its fantasy sports games and marketplace.

“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,” said Nicolas Julia, CEO of Sorare, in a statement. “However, new technologies must be accessible to all if they are to fulfill 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.”

Sorare started at the intersection of collectibles and fantasy sports, with the proposition of digital card ownership made possible by Web3 so players can own their own cards in Sorare’s games such as soccer, baseball and basketball. It lets players monetize their digital cards and play them across seasons and games. The blockchain verifies the authenticity and scarcity of the cards.

“As a frontrunner in the payment infrastructure industry, we