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Skrill Introduces Cryptocurrency Exchange And Wallet Services In Its Platform

More and more payment processors are introducing cryptocurrency services into their portfolio to satisfy their customers requests and to keep up with the market pace. Today, the popular payment processor Skrill has announced that they will join this trend by offering cryptocurrency exchange and wallet services in its platform, a thing that will undoubtedly attract more users to their company, as reported in an article published by Finance Magnates.
Skrill is an old-school big payment processor, in the same fashion as Paypal. It has its headquarters in England, and it was formerly known as Moneybookers, a name that reveals that its former use was most for online sports and betting. It was rebranded with their actual name in 2013 and repurposed as a general purpose payment processor, a thing that has let them acquire more customers and grow since then.
The service will let customers exchange any of the fiat currencies present in their platform for bitcoin, ethereum, litecoin and, bitcoin cash, four of the most popular cryptocurrencies present in the market right now. The users will be limited to buying these currencies and saving them in their wallets, but they will not have the possibility of exchanging currency between users in the same platform, a thing that most exchanges feature now. Nonetheless, it was announced that these features will be coming soon.
While some payment processors like Paypal, the most recognized payment gateway, have extensively shunned and criticised the usage of cryptocurrencies, there has been a recent trend of including these services in more and more platforms every day. With the recent recovery in the market prices of all cryptocurrencies, people will be more inclined to invest in these types of crypto assets, and payment processors could be a good start to certain people that fear unknown exchange cryptocurrency platforms. Neteller, a sibling company of Skrill is also expected to be offering these services, but none was declared about it.

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