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NETELLER launches in-wallet buy-and-sell cryptocurrency feature

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Oct 19, 2018

NETELLER, a leading digital wallet provider and part of Paysafe Group, is now offering its customers the opportunity to instantly buy and sell cryptocurrencies, as cryptocurrency adoption continues to grow. As of today, NETELLER users can buy, hold and sell cryptocurrencies via a recognised cryptocurrency exchange including Bitcoin, Bitcoin Cash, Ethereum, Ethereum Classic and Litecoin, purchased using any one of 28 fiat currencies available in the NETELLER wallet. 

Today’s launch follows Paysafe’s cryptocurrency service for customers of Skrill, another digital wallet powered by the Paysafe Group, which has proved very popular. Launching the cryptocurrency service in the NETELLER digital wallet was the payment provider’s natural next step.

All customers need to do is log in to their account, select ‘Crypto’ and in just a couple of clicks they have access to buy and sell cryptocurrencies, which are purchased and held by NETELLER via a recognised cryptocurrency exchange.

NETELLER’s new cryptocurrency service is already live in ten countries with plans to roll it out to more than 50 additional markets over the coming weeks and months and to extend the service to its NETELLER mobile app.

Other features of the NETELLER wallet include the ability for customers to upload funds with multiple payment options and currencies. The speed and efficiency of setting up a new user account means that customers can start buying and selling cryptocurrencies quickly and easily.

Lorenzo Pellegrino, CEO Skrill, NETELLER and Income Access, commented:

“The large amount of investment in technology and overall innovation in cryptocurrency has led to the rapid evolution of this space. As cryptocurrencies are increasingly embraced by businesses and consumers alike, this is an industry where we continue to strengthen our presence.  As digital finance leaders, we believe we can play a significant role here and create value for both the industry and consumers. Connecting the dots between cryptocurrencies and traditional money in an efficient and user-friendly way is needed for cryptocurrencies to gain real traction amongst consumers. At Paysafe, we are in a great position to facilitate that through our leading digital wallets and other payment products.”

To sign up to NETELLER, click here.

Customers can now also enjoy access to cryptocurrencies in their Skrill mobile app, following the extension of the service since its launch in July.

Notes to editors:

About Paysafe Group

Paysafe Group (Paysafe) is a leading global provider of end-to-end payment solutions. 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 $80 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 Inquiries:

Kate Aldridge: Vice President, Corporate Communications, Paysafe Group
Office: +44(0)203 934 9197 or Mobile +44(0)750 079 7547
E-Mail: Kate.Aldridge@paysafe.com