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Skrill to support Bitcoin transactions

31 Jul 2018

Skrill, one of the greatest and most popular payment methods globally, are about to get innovative once more. Just a few days ago, the company’s governance announced that their popular e-wallet is ready to fully support the four major cryptocurrencies, adding Bitcoin, Bitcoin Cash, Litecoin, and Ethereum. The latter options will be available to a great number of 25 million users worldwide.

Where will the New Offering Come Into Effect?

According to what has been announced, users will now have the chance to buy and sell cryptocurrencies using any of the 40 available currency options. This update has applied to 30 countries, including UAE, Australia, and Canada, but not to the United States and Russia, although they are two of the most important and hottest digital payment markets due to strict legislation around cryptocurrencies.

Lorenzo Pellegrino, who acts as the CEO of Skrill and sister company Neteller, commented in a company statement: “The world of cryptocurrency trading is exciting and dynamic, and our digital wallet service very much lends itself to this environment. We know many people want to experiment with cryptocurrency trading but don’t know where to start, and we’ve made the entire process very straightforward. ” Also note that the parent company, Paysafe, intends to include cryptocurrencies in the Neteller e-wallet as well.

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