Skrill To Unable New Crypto Withdrawal Feature

The digital payments provider Skrill will unable new crypto withdrawal feature.

Skrill customers will now be able to convert and withdraw their fiat balance to an external cryptocurrency wallet. To access the new feature, the customer should go to Withdraw funds option and select Crypto Wallet. The option is currently available for withdrawal to Bitcoin and Ethereum external wallets.

The crypto withdrawal feature is now live in European Economic Area (EEA) countries. Skrill plans to launch it furthermore in the UK and other countries. Skrill also plans to add new cryptocurrency holding options to the Paysafe platform in the new feature. Adding new cryptocurrencies will allow users to expand their holdings. It will also allow them to further diversify their holdings

The Skrill cryptocurrency service was first launched in 2018. Users can convert 40 fiat currencies into bitcoin (BTC), bitcoin cash (BCH), dash, EOS, ether (ETH), etc. With the new crypto withdrawal feature, Skrill customers and account holders can move their existing fiat balance to a crypto address, while saving time and money on fees.

More people than ever are buying cryptocurrency as a long-term investment, particularly in light of recent institutional backing from the likes of Tesla, which has driven Bitcoin to fresh all-time highs.

Lorenzo Pellegrino, CEO of Skrill, NETELLER, and Income Access at Paysafe

Skrill is among the major companies who have acknowledged the crypto price surge and the overall potential in blockchain. This proves the impact that blockchain and cryptocurrencies may have on the payment industry.

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