Cryptocurrency Buy and Sell Option added by the Payments Service Platform Skrill
Skrill has recently announced that it is adding support for various cryptocurrencies. The digital wallet platform is known to have active users in more than 30 countries around the world.
Skrill is a subsidiary of Paysafe Group. It has developed tremendously to become a leading payment service provider. The cryptos to be supported are Bitcoin (BTC), Ethereum (ETH), Bitcoin Cash (BCH) and Litecoin (LTC).
The process of buying or selling cryptocurrencies is not complicated on the platform. Once users have logged into their accounts, they only need to select ‘exchange’, followed by a few more clicks to buy, hold and sell digital assets.
Skrill currently has support for more than 40 fiat currencies on its digital wallet platform. The buy and sell service of cryptocurrencies has been made available through collaboration with a cryptocurrency exchange.
Skrill (formerly Moneybookers) is an e-commerce business that allows money transfers and payments to be made through the internet. It works with a focus on low-cost international money transfers.
Skrill is owned and operated by Skrill Limited which is a UK-based company. It is registered as a Money Service Business with Her Majesty’s Revenue and Customs, regulated by the Financial Conduct Authority and licensed to operate within the European Union.
The CEO of Skrill, Lorenzo Pellegrino, said:
“The world of cryptocurrency trading is exciting and dynamic, and our digital wallet service very much lends itself to this environment. I’m confident that the ability to trade in cryptocurrencies quickly and easily through Skrill will appeal to consumers both now and in the future.”
Skrill accounts can be held in any of the major currencies. A thing to be noted is that once the first transaction is made it is not possible to change the account’s currency. Users can purchase a Skrill-branded prepaid card, linked to the account, in one of the four currencies: USD, PLN, EUR, and GBP. High-turnover customers are offered premium membership called “Skrill VIP” that includes additional features, such as a security token, multi-currency accounts and the ability to earn loyalty points.
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