Mark Weaden
The latest move from Skrill is a sign of the success the company has seen since adding digital currency to the platform last year.
Skrill was founded in 2001 and has since provided a digital payment platform, allowing customers to send money to more than 120 countries in more than 40 different currencies. Only recently, in 2020, did it add crypto assets to its list of payment options. Boasting a colossal number of users, Skrill was the gateway to crypto for so many.
The latest press release from the company stated that it aims to support an additional 20 cryptocurrencies in its online wallet. This now means that Skrill has 35 different digital currencies to choose from, making it one of the most comprehensive crypto payment systems in the United States—alongside NETELLER, which is another portfolio of umbrella company Paysafe. The new currencies are some long-standing cryptocurrencies, as well as some newer ones; a few of those include:
- Maker (MKR)
- Curve (CRV)
- Uniswap (UNI)
- Dogecoin (DOGE)
Another big move from Skrill earlier this year, saw them partner up with crypto trading giants Coinbase, allowing them to bring crypto offerings to customers in 37 states in the USA. As of today, Skrill customers will be able to buy and sell cryptocurrencies in 48 states. The rapid development of access to crypto payments is a testament to the progress crypto has made already in 2021.
The growing demand for access to cryptocurrencies by digital wallet holders is what is driving the industry. We saw online payment giants PayPal offer crypto as a form of payment across various online vendors earlier this year, with many other payment systems the following suit. The fact that crypto is going mainstream is causing companies to take notice and in turn, action ways to facilitate customers’ desires.
One aspect that attracts users to Skrill, is the ability to use the trading platform for fiat-to-crypto conversions, as well as crypto-to-crypto conversions. There are a wealth of crypto trading platforms operating crypto-to-crypto. However, both conversion types wrapped up into one package is particularly appealing to users.
