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- Because of the impact of the worldwide market crash in 2007 – 2008 and also because of the explosion of worldwide online sales we are seeing more and more of what are generally referred to as digital currencies and digital payment platforms. These digital currencies are simply an alternative to buying, selling and paying for products and services with a credit card or local currency, they instead use a digital process to complete the transaction. One of the largest of the new companies involved in this is Paysafe Group PLC. Paysafe is headquartered in the Isle of Man, an independently administered jurisdiction that is separate from the United Kingdom. While the island nation itself is technically not a part of Britain, the Isle of Man is recognized as a territory of the United Kingdom and a territory that the United Kingdom is legally responsible for.