Tuesday, April 13, 2021

Skrill to allow Americans to buy and sell cryptocurrencies in partnership with Coinbase.

The Takeaway:

In partnership with Coinbase, Paysafe's Skrill digital wallet will enable Americans in 37 states to buy and sell several cryptocurrencies, including bitcoin.

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The Skrill digital wallet, launched by the specialized payments platform Paysafe, will expand its presence in the US by partnering with Coinbase. The largest US-based crypto exchange will provide new cryptocurrency white label solutions to Skrill, enabling users from nearly 40 states to buy and sell digital assets. Skrill is a digital wallet provider launched in 2001, offering multiple online payments and money transfer solutions.


Skrill announced the expansion in 37 states of America. 

Skrill’s parent company Paysafe announced the expansion in 37 states and territories in the US, including Illinois, Michigan, Texas, Washington, D.C., Puerto Rico, and more. This became possible after a partnership with the popular crypto exchange – Coinbase. The collaboration will enable Skrill to integrate with the Coinbase platform. Consequently, Skrill customers based in the 37 territories would be able to use the firm’s digital wallet to buy and sell some of the most popular digital assets. Namely, those include Bitcoin, Ethereum, Litecoin, and Bitcoin Cash.


Skrill’s US-focused crypto offering is a “phased roll-out.”

The new initiative allows users to interact with cryptocurrencies through USD or other digital assets. In other words, they would be able to choose if they pay for BTC with the world’s reserve fiat currency or ETH, LTC, BCH, or another crypto asset. The payment firm’s crypto offering in the US is a “phased roll-out.” This means that the online/web version is already available, while the mobile application will be released in early April 2021. Lorenzo Pellegrino, the CEO of Skrill, NETELLER, and Income Access at Paysafe, indicated that the new crypto-focused initiative comes following the latest massive surge in consumer interest in cryptocurrencies. “Powered by Coinbase’s sophisticated platform, our crypto offering is just Skrill’s latest US move to provide customers with a best-in-class digital wallet,” the CEO added.

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Disclaimer: The article reflects the opinions of the author and is not representative of Chaintimes’ views.
The article does not offer any investment advice. User discretion is advised when investing in or trading with cryptocurrency. Extensive and diligent research should be carried out by the reader before making a decision.

Jai Pratap
Jai Pratap
A Mass Media Graduate who loves to write. Jai is also a sports enthusiast and a big movie buff. He loves to learn new things.

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