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Press releases

Skrill enhances crypto offering with new crypto-to-crypto buy and sell feature

Nov 27, 2019

Digital wallet provider launches quicker, easier way to buy and sell cryptocurrencies

November 27, 2019; London, UK: From today, Skrill customers can use bitcoin to buy other cryptocurrencies using the Skrill Cryptocurrency Service, enabling quicker and more efficient cryptocurrency transactions. Conveniently, Skrill customers no longer have to convert their interests in one cryptocurrency back into fiat currencies before purchasing an interest in a new cryptocurrency, resulting in fewer transactions and lower fees.

There is now a Bitcoin pairing available for every cryptocurrency available in Skrill, with future pairings expected to be added soon.

Skrill is part of leading payments platform, Paysafe, which has a strong track record for providing payments services for specialised industries. It first launched its cryptocurrency service in July 2018, offering Skrill customers the opportunity to instantly buy and sell interests in cryptocurrencies and has been continually enhancing its service since.

Customers can use their Skrill wallet to purchase interests in nine cryptocurrencies including Bitcoin, Bitcoin Cash, Ripple, Ether and Litecoin and to access exclusive offers from Skrill or take advantage of price movements with updates on-the-go from their Skrill app. They can also choose from more than 100 deposit methods including 40+ fiat currencies to begin buying crypto right away.

Lorenzo Pellegrino, CEO of Skrill, NETELLER and Income Access at Paysafe, 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.”

Paysafe also plans to roll out the new crypto-to-crypto buy and sell feature in its NETELLER digital wallet in the next few months.

About Skrill

Skrill has been making digital payments simple, secure and quick since 2001. We’re an acknowledged world-leader in developing global payment solutions for people’s business and pleasure, whether they’re depositing funds on a gaming site, buying online or sending money to family and friends. We also meet the needs of businesses worldwide, helping them build a global customer base and drive growth.

About Paysafe

Paysafe Group (Paysafe) is a leading specialised payments platform. Its core purpose is to enable businesses and consumers to connect and transact seamlessly through industry-leading capabilities in payment processing, digital wallet, card issuing and online cash solutions.

With over 20 years of online payment experience, an annualised transactional volume of over US $85 billion, and approximately 3,000 employees located in 12+ global locations, Paysafe connects businesses and consumers across 200 payment types in over 40 currencies around the world.

Delivered through an integrated platform, Paysafe solutions are geared toward mobile-initiated transactions, real-time analytics and the convergence between brick-and-mortar and online payments.

Visit us at www.paysafe.com.

For media enquiries, please contact:

Anna Howard

Director of Corporate Communications, Europe and Asia, Paysafe Group

E: Anna.Howard@paysafe.com M: +447585 967772