Paysafe has experienced a remarkable financial transformation, with a projected annual revenue of $1.7 billion by 2024, driven in part by the increasing popularity of Paysafecard deposits in online casinos. The company's Q1 results showed a significant improvement, with a net income of $3.1 million compared to a loss of $3.8 million in the previous year. Paysafe attributes this success to its white-label wallet strategy, expanded sales team, and focus on enabling casino deposits via Paysafe, especially in the USA. Revenue for the first quarter grew by 8%, reaching $417.7 million, with an adjusted EBITDA of $111.9 million. Paysafecard's usage growth, particularly in online gambling, has been a key driver. The company's strategic partnerships and focus on the iGaming sector, along with the rise of digital payment methods like cryptocurrencies, are expected to fuel its continued growth in the future. Read more AI-generated news on: https://app.chaingpt.org/news