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Paysafe’s Skrill Expands Its Crypto Service

Place/Date: London, UK - July 14th, 2021 at 4:24 pm UTC · 3 min read
Contact: Anna Howard, Director of Communications, Europe and Asia, Paysafe, Source: Skrill

Skrill, part of leading specialised payments company Paysafe (NYSE: PSFE), announces that it has added 20 new cryptocurrencies to its digital wallet for its customers to buy and sell. The new additions bring the total number of available cryptocurrencies available within Skrill to 35 for customers based outside of the US. The expanded portfolio is also available within NETELLER, another of Paysafe’s proprietary digital wallets.

In addition, following its initial expansion into the US in March this year, Skrill has launched its cryptocurrency buy and sell service in 11 additional US states and territories, including California, Florida, Massachusetts, North Carolina and Pennsylvania. It is now available across 48 US states and territories in total.**

Since its initial launch in 2018, Skrill has been continually expanding and enhancing its crypto offering, adding new currencies and functionality. Its cryptocurrency service is now available in almost 100 countries. Using Skrill, customers can make direct crypto-to-crypto currency conversions as well as set recurring or conditional orders, for example, based on price fluctuations.

The latest expansion of Skrill’s cryptocurrency service follows research published by Skrill and Paysafe earlier this year which indicated that, among 8,000 consumers, 28% believe that cryptocurrencies are a good investment for the future and 38% have already either invested in or bought a cryptocurrency.

Rupinder Singh, Paysafe’s SVP, Consumer, Digital Wallets, said:

“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. The potential for this service is growing all the time, and we want to continue to expand responsibly what we offer at the same rate by adding new functionality, enabling new currencies and launching in new territories.  Our aim is to make it ever easier for consumers to get started in crypto using Skrill or NETELLER.”

*The new cryptocurrencies available are Aave (AAVE), Ankr (ANKR), Balancer (BAL), Decentraland (MANA), Celo (CGLD), Curve (CRV), Compound (COMP), The Graph (GRT), Numeraire (NMR), NuCypher (NU), Loopring (LRC), Synthetix Network Token (SNX), UMA (UMA), Maker (MKR), SushiSwap (SUSHI), Storj (STORJ), Uniswap (UNI), SKALE (SKL), Polygon (MATIC) and Dogecoin (DOGE).

**Skrill account holders residing in the following states/territories can now also access the digital wallet’s cryptocurrency feature: Florida, Rhode Island, South Carolina, Arizona, California, Iowa, Massachusetts, North Carolina, Pennsylvania, US Virgin Islands and Guam.

About Skrill

Skrill has been making digital payments simple, secure and quick since 2001. We’re an acknowledged world-leader in developing global payment solutions for people’s business and pleasure, whether they’re buying online or sending money to family and friends. We also meet the needs of businesses worldwide, helping them build a global customer base and drive growth.

In the US, Skrill operates as Skrill USA, Inc. The assets, liabilities, and results of operations of Skrill USA are consolidated in Paysafe Limited’s consolidated financial statements; however, Paysafe Limited has no direct equity ownership in Skrill USA.

About Paysafe Limited

Paysafe Limited (“Paysafe”) (NYSE: PSFE) (PSFE.WS) is a leading specialised payments platform. Its core purpose is to enable businesses and consumers to connect and transact seamlessly through industry-leading capabilities in payment processing, digital wallet, and online cash solutions. With over 20 years of online payment experience, an annualised transactional volume of US $92 billion in 2020, and approximately 3,400 employees located in 12+ global locations, Paysafe connects businesses and consumers across 70 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.

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