By
Chimamanda U. Martha
April 18th, 2024
Following a row of requests received from the community, internet payment system Skrill has recently added XRP to its platform.
Though the crypto market is not on the rise, it doesn’t mean that cryptocurrencies have quitted the game for mass adoption. Especially, when such a giant among internet payment systems as Skrill continues to support them.
Skrill and Cryptocurrencies
According to the recently made announcement, Skrill has added XRP to the list of the cryptocurrencies that it currently supports. Such a decision has been taken by the company following a number of requests received from the supporters of XRP which is now the second largest cryptocurrency in the market.
Skrill has informed their users about their new step via Twitter. The posted tweet states:
“We’re very excited to announce XRP has been added to the list of cryptocurrencies you can buy and sell with Skrill. Thank you to everyone who has asked about Ripple. It’s here!”
XRP is not the first crypto added to the platform. It has become the fifth listed cryptocurrency be Skrill. Earlier, the company has already launched trading in four other highly-demanded digital currencies. Trading in Bitcoin (BTC), Bitcoin Cash (BCH), Ethereum (ETH) and Litecoin (LTC) is already available for Skrill users.
Earlier, speaking about cryptocurrencies, Lorenzo Pellegrino, the CEO of Skrill, NETELLER and Income Access, at Paysafe Group said:
“The world of cryptocurrency trading is exciting and dynamic. And hence our digital wallet service very much lends itself to this environment. I’m confident that the ability to trade in cryptocurrencies quickly and easily through Skrill will appeal to consumers both now and in the future.”
He also added that their platform could be a good place to start working with cryptocurrencies for those who want to experiment with this class of digital assets but do not have enough understanding how it can be done.
Market Reaction
Though XRP listing on Skrill is a big move for the community, it hasn’t managed to influence the current XRP price. At the press time, XRP is traded for $0.36 having lost nearly 2.7% over the last 7-day period.
XRP is currently the second largest cryptocurrency with a market cap of over $14.5 billion. Nevertheless, for several weeks already the bearish trend has been preventing it from reaching the mark of $0.40.
It’s also worth mentioning that a week ago it was revealed that a well-known cryptocurrency exchange Coincheck, that had suffered a major crypto theft in the history, was planning to resume trading pairs for XRP. Without any doubts, it’s positive news not only for the customers of Coincheck but also for the entire XRP community.
Among other issues for discussions about XRP is a row of huge XRP transactions sent to one address. The reasons are not disclosed. Nevertheless, the community believes that it could be a purchase of a big institution or Ripple’s attempt to unload a huge amount of their assets.
To learn more about XRP coin, Ripple Labs company and their innovative solutions, please check out our awesome “What is ripple?” guide.