As of today, Skrill customers can now use bitcoin to buy other cryptocurrencies using the Skrill Cryptocurrency Service. This enables quicker and more efficient cryptocurrency transactions.
Convenient for Skrill customers, they now no longer have to convert their interests in one cryptocurrency back into flat currencies before they come to purchase an interest in a new cryptocurrency. This results in fewer transactions and lower fees.
Along with this, there is now a Bitcoin pairing available for every cryptocurrency available in Skrill, with more future pairings expected to be added soon.
Skrill is part of the payments platform, Paysafe, which has a strong track record for providing payment services for specialised industries. It first launched their cryprocurrency service back in July 2018 and since then, has offered Skrill customers the opportunity to to instantly buy and sell interests in cryptocurrencies while continuing to enhance its services since.
Lorenzo Pellegrino, CEO of Skrill, NETELLER and Income Access at Paysafe, commented: “We know that our customers want more functionality to make it even easier for them to access and interact with cryptocurrency. Cryptocurrency is an important part of what we do in digital wallets and using our scale and vast experience of the payments industry, we’re continually enhancing our service to help our customers get the most out of the crypto ecosystem.”
It has been highlighted that customers can also use their Skrill wallet to purchase interests in nine cryptocurrencies including Bitcoin, Bitcoin Cash, Ripple, Ether and Litecoin. They can also choose from more than 100 deposit methods.
Paysafe have reported plans to roll out the new crypto-to-crypto buy and sell feature in its NETELLER digital wallet in the next few months.