Skrill has deepened its commitment to digital currency with the addition of 20 new cryptocurrencies to its digital wallet for its customers to buy and sell.
It brings the total number of available cryptocurrencies available within Skrill to 35 for customers based outside of the US. The expanded portfolio is also available within NETELLER, another of Paysafe’s proprietary digital wallets.
Rupinder Singh, Paysafe’s SVP, Consumer, Digital Wallets, said: “After a surge in overall activity in the industry we’re seeing more interest in cryptocurrency than ever from our digital wallet customers, both current and new.
“The potential for this service is growing all the time, and we want to continue to expand responsibly what we offer at the same rate by adding new functionality, enabling new currencies and launching in new territories. Our aim is to make it ever easier for consumers to get started in crypto using Skrill or NETELLER.”
In addition, following its initial expansion into the US in March this year, Skrill has launched its cryptocurrency buy and sell service in 11 additional US states and territories, including California, Florida, Massachusetts, North Carolina and Pennsylvania. It is now available across 48 US states and territories in total.
Since its initial launch in 2018, Skrill has been continually expanding and enhancing its crypto offering, adding new currencies and functionality. Its cryptocurrency service is now available in almost 100 countries. Using Skrill, customers can make direct crypto-to-crypto currency conversions as well as set recurring or conditional orders, for example, based on price fluctuations.
Skrill’s growth in the digital currency space comes after a period of development for engagement in alternative payment methods, as they have played a key role in allowing consumers to combat the spread of coronavirus.