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Elbruz Yılmaz Appointed to Lead Paysafe’s Crypto Strategy
Specialised payments platform, Paysafe, has appointed crypto executive, Elbruz Yılmaz, into the newly-created role of Senior Vice President, Crypto. In this role Yılmaz is charged with further extending Paysafe’s group-wide crypto offering to meet the growing needs of its merchant and consumer customers around the world. Effective immediately, Yılmaz is the latest senior hire to the leadership team of Chirag Patel, CEO of Paysafe’s Digital Wallets division¹.
Yılmaz’s appointment follows recent prominent successes for Paysafe in the crypto space. Earlier this year Binance, the world’s largest crypto exchange, announced that Paysafe had built a white-label wallet solution for its new payments arm, Bifinity, enabling the reactivation of SEPA payments across Europe. Paysafe also confirmed last month that its group companies, Skrill Limited and Paysafe Financial Services Limited, were two of the very few FCA-registered crypto asset firms in the UK, in addition to their longstanding status as FCA-authorized e-money institutions. Paysafe also provides card processing services and eCash solutions to a wide range of crypto companies around the world.
Yılmaz joins Paysafe from Vienna-based cryptocurrency and digital asset investment platform, Bitpanda, where he was Managing Director, MENA and Turkey with responsibility for leading the company’s strategy and operations in the region. Before Bitpanda, Yılmaz spent many years as a venture capitalist investing in, and scaling, innovative tech startups including multiple blockchain and crypto companies.
Chirag Patel commented: “Without doubt, the crypto market is continuing to expand rapidly and represents an important growth opportunity for Paysafe as one of the most reputable, specialised payments players in this space.”
Patel added: “Against this exciting market context, the timing of Elbruz’ appointment is perfect as more and more of our merchant and consumer customers lean on us to further ramp up our crypto payments offering. Elbruz’ deep knowledge and experience of all things crypto, together with his impressive network of industry contacts, adds real strength to our existing crypto team and will enable us to continue winning in this space.”
Elbruz Yılmaz said: “Crypto is an exciting opportunity for Paysafe whose core strengths around regulatory compliance, digital wallet infrastructure and multiple payment technologies set it up well to meet the evolving needs of its customers globally. I am thrilled to be joining such a talented team and playing my part in accelerating this growth.”