Paysafe’s Skrill Adds Support for 20 New Cryptocurrencies, Enters 11 New U.S. States and Territories

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Paysafe’s Skrill Adds Support for 20 New Cryptocurrencies, Enters 11 New U.S. States and Territories

Paysafe’s digital payments solution Skrill today announced the expansion of its crypto service by adding 20 new cryptocurrencies and entering 11 new U.S. states and territories.

Skrill Widens Crypto Offerings

In a press release issued today, Skrill – a part of the leading specialized payments firm Paysafe – disclosed it had added support for 20 more cryptocurrencies to its digital wallet.

The new cryptocurrencies added to the platform 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).

With the addition of the new batch of cryptocurrencies, Skrill users outside the U.S. can now buy, sell, and trade 35 digital currencies. Notably, the expanded portfolio is also available within NETELLER which is another of Paysafe’s proprietary digital wallets.

Further, Skrill has now also expanded its cryptocurrency buy and sell service in 11 more U.S. states and territories which include California, Florida, Massachusetts, North Carolina, and Pennsylvania. This means that users can avail Skrill’s crypto trading services in across a total of 48 U.S. states and territories.

Skrill Continues to Foster Crypto Adoption

Launched in 2018, Skrill did not take long to cement itself as a leading crypto trading platform by continually adding new innovative and robust features to its offering. At present, Skrill’s crypto trading services are available in close to 100 countries and the list continues to expand.

Skrill allows customers to make direct crypto-to-crypto currency conversions and to set recurring or conditional orders. For instance, users can choose to set orders based on price fluctuations.

Commenting on the development, Rupinder Singh, Paysafe’s SVP, Consumer, Digital Wallets, noted:

“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.”

It is worthy of note that Skrill’s latest crypto service expansion comes on the back of a recent research published jointly by Skrill and Paysafe which found that among 8,000 consumers, 28% believe that cryptocurrencies are a good investment for the future. The research also found that 38% of the respondents had either already invested in or bought a cryptocurrency.

Aisshwarya Tiwari

Aisshwarya is currently working as the Chief Editor at crypto.news and holds more than 4 years of experience in the digital assets industry. He holds an undergraduate degree in Commerce with Honours and a post-graduate diploma in Liberal Studies. Before entering the crypto industry, Aisshwarya worked as an SAP Consultant for a global IT firm. He also cleared the CFA Level 1 exam before pivoting to the crypto industry due to its novel and exciting propositions.