 Paysafe has recently announced a new partnership Okay, and this is massive for the stock and we're going to go through why we're gonna go through some of the research about this And what does this actually mean for the stock? So I don't just want to read off what it's saying in terms of the announcement I want to do a bit of analysis on what it means as a stock for the stock going forward as well I'm very big into this stock in terms of what I've got for this And I think that this stock is going to be very very promising in the coming months Okay, and we'll go through why that is but mainly we're going to focus on the recent news I've got to say that I'm not a financial advisor I do teach business in my daily life, but I'm by no means an expert on the stock market So you know do your own research and everything like that as I'm sure everybody's doing also if you leave a like on the video That'll be much appreciated It helps out in the YouTube algorithm as a small channel now I'm really you've only got was it 1,300 subscribers. We have been going quite fast though So thank you for everybody who's supporting the channel But as a small channel any sort of likes that you leave in the video do help it out in terms of getting it up there in the search results Okay, and that'd be fantastic. So in this we'll go through BFT in the peer safe, which is a SPAT merger BFT It's a SPAT merger and some of the recent partnerships that I've been announced. Okay based upon this the safe so first of all they've actually Recently announced and this is on their website Paysafe website so platform provider for us sports books will leverage pay safe technology to offer expansive payment services to clients in regulated states So pay safe a leading integrated payments platform today announced a new partnership with a Melco a top Provider of white label turnkey solutions to the global gaming industry the partnership will see a Melco integrate pay safes Unified technology into its player account Management system to provide us sportbook clients with a full suite of traditional and alternative payment methods for a single streamlined into this Melco is founded in 2006. So this company's been been around a while and it's been growing itself This is a massive partnership. This isn't just some side sort of them, you know bit of a mini partnership This is a massive partnership and we have seen the stock price increase recently as well There's a steadily growing its presence in the global gaming scene and as we say the global gaming The gaming scene itself is constantly growing which means there's potential for more payments to be made Under the pay safe platform because of this Okay, the last two years. I've seen the provider expand into the US regulated markets receiving its new Jersey software Supplier license in 2018. Okay, so that's that's really important in terms of gambling being allowed out more and more Providing more potential opportunity So to support this growing presence and reinforce its status as a leading provider of turnkey solutions A Melco will leverage persuasive comprehensive payments technology to fill a facility all its Clients with the US online sports betting market and as we say the betting market is growing in America because of the Relaxation on rules when it comes to gambling and as more states approve this then the more potential for Melco to grow But with this partnership then that actually has an open impact on the pay safe as well a positive knock on impact Operators that adopt the Melco platform platform will be able to offer their customers a complete range of deposit And withdrawal option to tailor to their specific needs. These include in terms of screel digital wallet Paces e-cash services such as pay safe card and additional solutions So ultimately they're integrating the software of pay safe and you know What they do as a business into a Melco to provide those payment solution options Which is brilliant because it means that pay safe is going to benefit from that Okay, and we'll go into why as we say the our gaming landscape is changing and it's also growing as well So this is a good partnership because it helps out birth companies It's probably going to be a long-term partnership I would imagine because pay safe can offer that set there there what they do as a service to a Melco and Obviously that can build that long-term strategic partnership and not just a short-term partnership there Okay, and just for a couple of quotes here that was mentioned here So we got the director of business development at iGaming for pay safe. So what did they say about this particular? partnership so our partnership with a Melco represents an important opportunity for pay safe to expand and As investors we like the words expand our footprint in the US iGaming and sports betting space and Reflects the importance of developing cutting-edge solutions for the market's players account management systems We look forward to collaborating with their team providing guidance on best practices and working to deliver a liable and secure customers payment experience and And then you got an out the Melco obviously given their statement in terms of happy to be working with them and Adding flexibility new payment methods Etc. So ultimately it's It's a value-added experience for both parties here You know Pay safe are going to get more customers and revenue from this and Melco are getting another payment solution that adds flexibility So it's a it's a strategic partnership that benefits both So that's what we like to see in partnerships is that it's actually benefits both It's mutually beneficial because ultimately what that leads to is long-term partnerships and not just you know Just a partnership for a few months It's this is hopefully going to be for long term Which is why it's huge because you can imagine over the long term as the companies grow that becomes very valuable Okay, and that's why partly it's big. Okay, but what does this mean? So ultimately it helps build upon the competitive advantage of pay safe They're establishing themselves in this eye gaming sector as a payment solution in terms of the FinTech industry Okay, so they're building competitive advantage They're also building the brand that becoming more prevalent in a wide range of industries particularly the eye gaming sector Which is a growing sector and they're building up their brand pay safe, you know through these partnerships And ultimately they're reaching more potential Customers or users of their service and as they do that then obviously that helps towards profitability Which is really important There just a little bit about pay safe if you aren't familiar with them. So the ticker is BFT pay safe They're sitting around 1440 something last time I checked on the stock market This stocks going to double or triple over the next two to three once again I'm not a financial advisor, but I've got a big high hopes for this stock I think that this is going to go Do very well is in the FinTech industry a growing industry in terms of that It's it's involved in eye gaming in terms of that growing industry Our Invest is very big on FinTech the FinTech industry in terms of the growth of this The building these strategic partnerships like the one just recently announced There's so much going for this company that I think that it's got a good potential Here so here is its business at scale Leading insecurity in the connections you need so whether you run a local restaurant or global software platform We have a payment solution that helps you grow choose a wide menu of services designed for big ambitions So it's a FinTech product financial kind of service product That helps with payment solutions, okay And the good thing about them is they're really putting in into effort in terms of the flexibility of the products And what can the product can be used for as well? So it's good what they're doing there. Anyway, so I just wanted to give you a bit of quick update on BFT I think this stock upon this news is going to go up significantly I think it is going to double or triple within the next couple of months and that's what I believe so far So thank you for watching this video leave the video like it helps out on the YouTube algorithm as I always say and that's that'll be really much Appreciate it. It'd be fantastic if you can do that. Thanks to all the new subscribers recently We're growing fast and if you haven't already, please hit that subscribe button and I'll see everybody in the next video