Using the Skrill Cryptocurrency Network, Skrill customers can now use bitcoin to buy other cryptocurrencies. This allows for faster and more efficient transactions in cryptocurrency.
Convenient for Skrill customers, they no longer have to convert their interests back into flat currencies in one cryptocurrency before they purchase a new cryptocurrency interest. This leads to lower transactions and fees.
In addition, a Bitcoin pairing is now available in Skrill for each cryptocurrency, with more potential pairings planned to be introduced in the near future.
Skrill is part of Paysafe’s payment platform, which has a strong track record of delivering payment services to specific industries. It first released its cryprocurrency service back in July 2018 and has since given Skrill customers the opportunity to buy and sell interest in cryptocurrencies instantly while continuing to improve their products since then.
The CEO of Skrill, NETELLER and Income Access at Paysafe, Lorenzo Pellegrino, 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 was pointed out that customers can also use their Skrill wallet to purchase interest in nine cryptocurrencies like Bitcoin, Bitcoin Cash, Ripple, Ether and Litecoin. We can also choose from over 100 forms for depositing.
In its NETELLER digital wallet, Paysafe announced plans to roll out the latest crypto-to-crypto buy and sell feature in the coming months.
Buying and selling #crypto with Skrill just got even better. 🙌
Introducing crypto-to-crypto – a new feature that lets you use your bitcoin balance to buy and sell the other 8 cryptocurrencies we offer.
— Skrill (@skrill) November 28, 2019