The crypto world is expanding to new horizons every day, and that precisely is good news regarding endorsement and validation for the whole community. As a matter of fact, there are a few coins out there that somehow, are constantly seeking to relate the cryptosphere with the financial world, a goal that we can all agree is one of the things we wait for the most as crypto enthusiasts. But how realistic and close to happening is this? Well, it all seems to point that the time has already come with the addition of 4 cryptocurrencies in the payment platform and wallet, Skrill. Let’s see how it goes.
As the webpage of the company establishes “Skrill is an e-commerce business that allows payments and money transfers to be made through the Internet.” The company is based in London, and it was created back in 2001 under the name “Moneybookers,” which was later transformed in 2011 to the Skrill we know right now.
It was a couple of days ago, precisely on July 25th when all of the crypto world woke up to find out that the company made an announcement in which stated that 4 top cryptos of the market were going to be added to the payment platform. Like this, the selected ‘lucky ones’ were nothing less than Bitcoin (BTC), Bitcoin Cash (BCH), Litecoin (LTC), and Ethereum (ETH).
Skrill is one of the biggest payment platforms in the world. In fact, it has a community of more than 25 million users that, as of now, will be able to transform their fiat money into any of these cryptocurrencies or vice versa. The platform counts with several fiat options such as SGD, USD, NZD, and EUR to name a few and additionally is available in more than 30 countries around the world.
However, it is important to mention that fiat-to-crypto or crypto-to-fiat exchange will not be available in countries like the United States of America or Russia due the severe regulations of cryptocurrencies in those nations. Still, it is early to know what will be the future of this crypto adding to the payment platform, but to say the least many options are likely to occur.
Will Skrill add more cryptocurrencies in the coming months? Will they use cryptocurrencies as well as a payment method for their gambling and sports bettings? Well, we all need to wait in order to see, but one thing’s for sure, the company is more than happy with the latest announcement, in fact, Skrill CEO, Lorenzo Pellegrino stated:
“The world of cryptocurrency trading is exciting and dynamic, and our digital wallet service very much lends itself to this environment.”
Neteller getting cryptos listed as well
It was known as well that the parent company Neteller, it is going to add crypto to their platform any soon, and this is for sure one of the best news for the cryptosphere as it represents a solution for the endless seeking that crypto users tend to make to find a trustable crypto exchange. So, the way to go Skrill!
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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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Aluna.Social is a Compelling Social Platform for Crypto Traders and Investors
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.
Over the last decade, many trading offices have been established in large cities all over the world which allow solo traders and investors to pay a monthly fee in exchange for a workspace. The real benefit to trading in these offices is to participate in the free flow of trading ideas and information. Proprietary trading is one of the most challenging careers to be successful at and the exchange of ideas is almost required in order to succeed. Traders at hedge funds and investment banks work in teams so why shouldn’t remote traders?
While these trading offices are a great way to help bridge the information gap, Aluna.Social may provide an even better way, especially as it relates to cryptocurrency trading.
Aluna.Social, founded by Alvin Lee and Henrique Matias, is a multi-exchange social trading terminal for crypto traders and investors. The goal of the platform is to help newcomers shorten their learning curve,…
CoinFlip Scores Big with BRD Wallet Partnership
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.
In early October, CoinFlip announced on its Twitter that it had officially partnered with BRD Wallet to re-introduce their crypto ATM map. Now, BRD wallet users will be able to locate their nearest CoinFlip ATM and receive a 10% discount for both buys and sells. BRD brand awareness is growing quickly within the crypto community thanks to its innovative and entrepreneurial spirit. The team strongly believes in the value of financial freedom and independence, and want to empower people across the world by leveraging the possibilities that Bitcoin and other cryptocurrencies provide.
Cryptocurrencies are already making a huge difference around the world. Citizens of Venezuela, a country devastated by rampant inflation, have been using several cryptocurrencies…
Cryptocurrency Collateralized Debt Positions Are Growing in Popularity
While Bitcoin (BTC) continues to hover around the magical 10,000 price level, altcoins continue to fight an uphill battle. Simply put, hopes of a future bull run continue to diminish as Bitcoin maintains its dominance. One school of thought is that a few altcoins will survive and flourish, but which ones are anyone’s guess. That being said, it’s hard to go wrong picking against the top coins like Ethereum (ETH), Ripple (XRP), Litecoin (LTC), and EOS. These projects have managed to find a foothold in the market and have a better chance than most of staying there. While traders wait for their positions to increase in value, one opportunity that may be worth looking at is initiating a collateralized debt position.
What is a Cryptocurrency CDP?
In traditional terms, a CDP is essentially putting up collateral in order to receive a loan against the deposited amount. There are several examples of this in our day to day lives. Auto title loans from large companies like TitleMax are extremely popular with consumers. Consumers are essentially able to use their car as collateral in exchange for a cash payment which can then be used for whatever needs the consumer has. The consumer can continue using their car as long as debt payments are made.
The same concept applies to cryptocurrency CDPs. Consumers are able to put up crypto tokens, such as…
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