diff --git a/VERSION b/VERSION
index 643916c0..95e2f107 100644
--- a/VERSION
+++ b/VERSION
@@ -1 +1,2 @@
-7.3.1
+8.0.0-beta
+
diff --git a/lib/adyen/version.rb b/lib/adyen/version.rb
index 39a65caf..0c6a62bf 100644
--- a/lib/adyen/version.rb
+++ b/lib/adyen/version.rb
@@ -1,4 +1,4 @@
 module Adyen
   NAME = 'adyen-ruby-api-library'.freeze
-  VERSION = '7.3.1'.freeze
+  VERSION = '8.0.0-beta'.freeze
 end