Payment operator Skrill launched new Skrill cryptocurrency service. Now users can use their skrill wallets to buy and sell Bitcoin, Bitcoin Cash, Ethereum, and Litecoin with more than 40 fiat currencies available in the Skrill wallet. The company noted that they will add more currencies in the near future.
Historically, Skrill focused on the poker, casino and sports betting industry and was popular with its prepaid cards.
Residents in more than 30 countries have already got access to new Skrill Cryptocurrency Service, including the United Kingdom, the UAE, Australia and Canada. However, as published on the official Skrill website, for residents from some countries, including Russia, Israel and the US, the service is not yet available. The company promises to expand the service capabilities by launching it in other markets, adding digital wallet NETELLER, serviced by the same operator, in the coming months.
Commenting on Skrill Cryptocurrency Service’ launch, CEO Skrill and NETELLER 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. We know many people want to experiment with cryptocurrency trading but don’t know where to start and we’ve made the entire process very straightforward.”
To buy or sell the crypto currency, the user needs to go to the Exchange section. The exchange proccess happens instantly and user’ cryptocurrency balance will appear in 1 – 2 seconds after the exchange is confirmed.
According to the Skrill announcement , currently customers can only buy and sell cryptocurrency. They can not transfer cryptocurrency to each other or use them as payment method. Probably this functionality will be implemented at a later stage.
Skrill cryptocurrency service is carried out via “recognised cryptocurrency exchange”, the name of which the company does not mention in its announcement.