Paysafe elevates digital currency offering with Coinbase

credit: Shutterstock
credit: Shutterstock

Paysafe, a specialist payments platform, has announced that its Skrill digital wallet has expanded its cryptocurrency offering to the US in partnership with Coinbase

In collaborating with Coinbase, the firm will provide a new cryptocurrency white label solution to Skrill, continuing the digital wallet’s US expansion by enabling customers across 37 states and territories to gain a deeper efficiency in buying and selling multiple cryptocurrencies.

Lorenzo Pellegrino, CEO of Skrill, NETELLER, and Income Access at Paysafe, said: “US consumer interest in cryptocurrencies and cryptocurrency trading is stronger than ever, so we’re delighted to better serve our customers’ needs by launching our Skrill crypto offering in the country in partnership with Coinbase. Powered by Coinbase’s sophisticated platform, our crypto offering is just Skrill’s latest US move to provide consumers with a best-in-class digital wallet.”

Skrill’s crypto offering, which was first launched in 2018 and is already available in over 30 countries, can now be used by consumers in Georgia, Illinois, Michigan, Ohio, Tennessee, Texas, Virginia, Washington, DC, Washington state, and Puerto Rico. 

Brett Tejpaul, Head of Institutional Trading at Coinbase, added on the collaboration between the two firms: “As we focus on building the crypto-economy, we look to partner with leaders like Skrill who can white-label our turnkey solution to provide and support digital assets to their clients without having to learn the nuances of building a crypto exchange.”