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Skrill Joins the Cryptocurrency Trade

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A popular mobile payment operator and an online wallet, Skrill, has decided to add buy and sell options for cryptocurrencies as its newest feature. The wallet will allow fiat-to-crypto trading, as a result of a new wave of crypto frenzy.

Skrill soon to feature crypto buying and selling options

A lot of people are already familiar with Skrill – a well-known payments service that is one of PayPal’s larger rivals. Skrill is also known for being a digital wallet, and a part of the Paysafe Group. Now, Skrill has made a large step forward by opening up to cryptocurrencies, at least to some extent.

According to new reports, Skrill has decided to add buying and selling options for cryptos within its platform. The payment service has decided to open up these options to users in 30 different countries. For now, the service is planning on supporting Bitcoin (BTC), Bitcoin Cash (BCH), Litecoin (LTC), and Ethereum (ETH).

To achieve this, Skrill launched Skrill Cryptocurrency Service via an exchange that was not yet revealed. This unknown exchange will be the crypto holder for Skrill. This is a bit of a negative news since it means that users will only be capable of selling and buying an interest in cryptos. As for the cryptos themselves, at this time, users will not be able to own them. This also means that paying with cryptos or sending crypto holdings will not be possible at first.

However, Skrill has stated that it plans to expand the possibilities of the service in the future, meaning that it is only a matter of time before these features actually become a reality.

Even though the service doesn’t allow the actual purchase and sale of cryptos as of yet, Skrill still mentioned the ease of use of the new features. In a recent press release, it was mentioned that the process is really simple and that it requires logging into the user account, choosing the ‘Exchange’ option, and that is it. The possibilities of selling, buying, or even just holding cryptos are only a few clicks away.

Lorenzo Pellegrino, the CEO of NETELLER and Skrill, stated that the crypto trading has become very dynamic and exciting. Because of that, the company’s wallet is practically lending itself to the crypto holders. Adding the possibility of buying and selling cryptos within the app itself will be more than appealing to customers interested in the new trend.

Additionally, Pellegrino stated that the company is convinced that the overall interest in cryptos is growing and that there are many users who would want to experiment with trading cryptos. However, their problem is that they don’t know where to start, and are in need of a simple and straightforward process, which is exactly what Skrill is bringing to them.

For now, the service is still in development, but it is expected to go live and join Skrill’s mobile app, as well as Paysafe’s NETELLER in a couple of months.

Financial services make a move on cryptos

It is interesting that the company has decided that now is the right time to make such a move, especially considering that a lot of other financial services are thinking of doing similar things. Interest in cryptos continues to grow, and financial institutions and services are realizing that joining the trend can be much more profitable than denying its existence.

Robinhood app, which has launched its Robinhood Crypto service, has been able to start expanding across the US immediately after raising up to $363 million. Baiju Bhatt, the firm’s CEO, stated that various sovereign nations will certainly start accepting cryptos before long. He even believes that cryptos will become default currencies for the world’s nations at some point in the future. This is why Robinhood, and others like this firm, are taking a lead. In fact, Robinhood is even discussing the possibility of offering full banking services, as some reports claim.

Similarly, the company called Circle, which is backed by Goldman Sachs itself, has purchased Poloniex earlier this year and has paid $400 million for it. Square Cash application has started providing its users with buying and selling options for Bitcoin, recently. Also, in May, CryptoGlobe issued a report in which it claims to have earned over $200,000 by providing crypto services. Not only that, but this amount comes without calculating the changing fees.

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Disclaimer: This article should not be taken as, and is not intended to provide, investment advice. Global Coin Report and/or its affiliates, employees, writers, and subcontractors are cryptocurrency investors and from time to time may or may not have holdings in some of the coins or tokens they cover. Please conduct your own thorough research before investing in any cryptocurrency and read our full disclaimer.

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How Can Foreigners Get Loans in Singapore

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loans for foreigners in Singapore
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Foreigners who are residing in Singapore and looking for financing could do so in the form of a payday loan. It is good to find out that you can borrow the money from a reputable lender and that the interest rates are low enough for it to be a viable option. Online lenders that specialize in doing business in the country can certainly help one. These online companies are not only reliable, but their service is fast.

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Aluna.Social is a Compelling Social Platform for Crypto Traders and Investors

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Aluna.Social
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When one thinks about the social media landscape, the companies that first come to mind are most likely Facebook, Instagram, LinkedIn, and Snapchat.  These platforms are a great way to stay connected with friends, families, and colleagues, especially when geographic distance is a factor.  But, in addition to just chatting about life in general and sharing pictures, social media can be used to bridge the information gap that exists within the investment community.

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Mission Statement

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CoinFlip Scores Big with BRD Wallet Partnership

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As the crypto markets move closer to mass adoption, one of the keys for future success will revolve around attracting as many market participants as possible.  While many crypto users are extremely tech oriented, a lot of those on the sidelines are not.  The cause of waiting on the sidelines could be due to a variety of reasons such as fear of the unknown, lack of knowledge, age, or a combination of all of the above.  In order to entice new users to join the crypto revolution, crypto ATMs are rising up across the country.  Of those, the largest and most influential crypto ATM company by a significant margin is CoinFlip.

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