{"id":70808,"date":"2018-07-27T04:00:13","date_gmt":"2018-07-27T11:00:13","guid":{"rendered":"https:\/\/cryptoslate.com\/?p=70808"},"modified":"2019-11-07T02:28:53","modified_gmt":"2019-11-07T02:28:53","slug":"skrill-adds-wallet-support-for-bitcoin-bitcoin-cash-litecoin-and-ethereum","status":"publish","type":"post","link":"https:\/\/cryptoslate.com\/skrill-adds-wallet-support-for-bitcoin-bitcoin-cash-litecoin-and-ethereum\/","title":{"rendered":"Skrill Adds Wallet Support for Bitcoin, Bitcoin Cash, Litecoin, and Ethereum"},"content":{"rendered":"

On July 25, 2018, London-based Skrill<\/a> announced its support of four major cryptocurrencies on its popular wallet application.<\/p>\n

Skrill's Cryptocurrency Push<\/h2>\n

As per a report<\/a> on Finance Magnates<\/i>, Skrill added Bitcoin<\/a>, Bitcoin Cash<\/a>, Litecoin<\/a>, and Ethereum<\/a>\u00a0currency options for its customer base of over 25 million spread worldwide.<\/p>\n

Customers can now buy and sell the cryptocurrencies using any of the 40 available fiat currency options, including USD, EUR, SGD, and NZD. The digital wallet and mobile payments facilitator was founded in 2001 as \u201cMoneybookers,\u201d and rebranded to Skrill in 2011.<\/p>\n

Customers from over 30 countries can directly purchase digital assets via the Skrill platform, including UAE, Australia, and Canada.<\/p>\n

It must be noted the update was not rolled out to U.S. and Russia, two critical digital payment markets, due to strict legislation around cryptocurrencies.<\/p>\n

The update is the payment provider\u2019s first step in the burgeoning cryptocurrency sector, joining a small list of other providers which now offer similar services. Interestingly, Skrill offers<\/a> licensed gambling and sport betting applications in a few jurisdictions, and it remains to be seen if the addition of cryptocurrencies increases, or decreasing, the controversial recreational activities.<\/p>\n

Lorenzo Pellegrino, the CEO of Skrill and sister-company Neteller, expressed his opinion on the newly-launched cryptocurrency feature:<\/p>\n

\u201cThe world of cryptocurrency trading is exciting and dynamic, and our digital wallet service very much lends itself to this environment.\u201d<\/p><\/blockquote>\n

Neteller to Introduce Cryptocurrencies Soon<\/h2>\n

Pellegrino added that customers would now have the ability to \u201ceasily and quickly\u201d via Skill\u2019s platform and fully expects the service to remain until the far future. The entrepreneur believes customers want to \u201cexperiment\u201d with cryptocurrency but remain at a crossroads when searching for trading platforms.<\/p>\n

However, with this development, the trading process is made \u201cstraightforward,\u201d stated Pellegrino.<\/p>\n

As stated in the report, customers can only trade cryptocurrencies via the Skrill application. Transfer and merchant transactions remain unavailable, but the company has plans to introduce these sub-features in the future.<\/p>\n

Meanwhile, the parent company of Skrill, Paysafe, intends to roll out cryptocurrency services to the popular Neteller<\/a> digital wallet, an e-money transfer service for customers to pay merchants and access forex trading courses.<\/p>\n","protected":false},"excerpt":{"rendered":"

On July 25, 2018, London-based Skrill announced its support of four major cryptocurrencies on its popular wallet application. Skrill’s Cryptocurrency Push As per a report on Finance Magnates, Skrill added Bitcoin, Bitcoin Cash, Litecoin, and Ethereum\u00a0currency options for its customer base of over 25 million spread worldwide. Customers can now buy and sell the cryptocurrencies […]<\/p>\n","protected":false},"author":65,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[35],"tags":[],"prediction_market_topic":[],"post_folder":[],"acf":[],"yoast_head":"\nSkrill Adds Wallet Support for Bitcoin, Bitcoin Cash, Litecoin, and Ethereum<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/cryptoslate.com\/skrill-adds-wallet-support-for-bitcoin-bitcoin-cash-litecoin-and-ethereum\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Skrill Adds Wallet Support for Bitcoin, Bitcoin Cash, Litecoin, and Ethereum\" \/>\n<meta property=\"og:description\" content=\"On July 25, 2018, London-based Skrill announced its support of four major cryptocurrencies on its popular wallet application. 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