Skrill – one of the world’s leading digital wallet providers – has turned its attention to crypto, and is now giving users the ability to buy, hodl, and sell crypto in an instant. Skrill is already an incredibly popular digital wallet, with this new crypto offering set to make various leading coins available to millions of people all around the world. Just last week, Change launched its first commission free crypto trading platform in a bid to remove excessive fees from the world of crypto trading. Now, with this exciting news from Skrill, the crypto market is set to become even busier.
Simplicity is the Future
For newcomers to the crypto world, getting your hands on coins and tokens can be a scary experience – especially for people that have never used an exchange before. The crypto world is generally built by techies for techies and as such some related processes aren’t overly clear. This is where apps and digital wallets like Skrill come into the fold. They give users the ability to get their hands on crypto in a safe, friendly, and familiar environment, bridging the gap between specialized exchanges and crypto ATMs. Lorenzo Pellegrino – Skrill CEO – said in a statement, “The world of cryptocurrency trading is exciting and dynamic, and 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. We know many people want to experiment with cryptocurrency trading but don’t know where to start and we’ve made the entire process very straightforward.”
Just the Beginning
This marks the beginning of Skrill’s involvement in the crypto world. In the coming months it will be giving users the ability to send cryptos to other users, as well as use crypto as a payment method. However – for now – all users can do is buy, hodl, and sell through the new crypto wallet. Skrill announced the news only a few hours ago via their Twitter page – an increasingly popular way to drop big news.
We know lots of people want to experiment with #cryptocurrency trading but don’t know where to start, so we made the entire process easy.
Skrill Enters a Growing Market
Skrill has entered into a market that is growing in popularity, especially with novice crypto investors. It is up against the likes of Revolut, Robin Hood, and Change, the former being heavyweights on the basic crypto trading scene. These simplistic ways to buy and sell crypto are favored amongst non-technical users as very limited knowledge is required. Plus, there is a reduced risk from crypto exchanges being hacked. They provide a user interface that’s so sleek, even the most inexperienced person could use it and get their hands on coins and tokens. Interestingly, Marc Lasry – a billionaire investor – said that once Bitcoin becomes accessible by the average American the price of cryptos will increase dramatically. Skrill makes acquiring crypto simpler than the basics of Bitcoin – which is great news for anyone that wants a quick and easy crypto buying process.
Skrill is offering users the ability to trade Bitcoin, Bitcoin Cash, Ether, and Litecoin using any of the 40+ fiat currencies the platform already supports – with more being added frequently. Platforms like this are increasing in popularity and are vital to the success of the industry. It is hoping to add the ability to transact with merchants in the near future, a feature we are very much looking forward to seeing.