Crypto Currency

Global payments brand Skrill expands crypto wallet services

Paysafe, the parent company of online money transfer service Skrill, announced this week that the payment platform has integrated an additional 20 cryptocurrencies into its digital wallet, providing users with another legacy onramp to digital assets. 

Beginning this week, customers outside the United States will have access to 35 cryptocurrencies in total, the company said. Crypto buy and sell services are also available in 48 U.S. states and territories.

The newly supported cryptocurrencies include major DeFi assets like Aave, Balancer, Curve, Compound, Synthetix, Uniswap and Sushiswap. Polygon and Dogecoin (DOGE) were also added.

Users of NETELLER, another money transfer service within the Paysafe group, will also have access to the expanded crypto wallet.

“After a surge in overall activity in the industry we’re seeing more interest in cryptocurrency than ever from our digital wallet customers, both current and new,” said Rupinder Singh, a senior vice president with Paysafe. “Our aim is to make it ever easier for consumers to get started in crypto using Skrill or NETELLER.”

Skrill was identified by Cointelegraph in early 2020 as a potential driver of cryptocurrency adoption. At the time, the payment company was eyeing a major pivot to cryptocurrencies with fiat-to-crypto conversion services and full integration of Bitcoin (BTC) into its Quick Checkout module.

Related: Survey: 40% of institutional crypto investors intend to buy a lot more

Skrill’s internal research from earlier this year discovered that, among 8,000 customers surveyed, 28% believe that cryptocurrencies are a good investment for the future. Thirty-eight percent indicated that they had already acquired cryptocurrency.