Cryptocurrency

Skrill Teams Up With Coinbase To Offer New Crypto Solutions

Paysafe’s Skrill has partnered with Coinbase to launch a new white-label solution, to enhance customers efficiency in trading multiple cryptocurrencies.

Brandnewsday noted that Skrill and Coinbase collaboration will reinforce Skrill British based payment platform presence as customers will benefit more from faster transactions and lower fees.

Skrill digital wallet will help facilitate such services at the world’s biggest cryptocurrency market, Coinbase.

The company’s Skrill digital wallet solution will be teaming up with Coinbase, a popular exchange platform provider.

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Skrill Teams Up With Coinbase To Offer New Crypto Solutions

This first phase of Skrill’s expansion into the US world’s largest cryptocurrency market will strengthen American access to digital wallet availability, with support for other states expected soon.

READ: Cryptos To Outshine Many Financial Assets In 2021 (Full List)

The fast-growing rate of crypto adoption in the United States provides a new avenue for Paysafe to add to its global consumer base. Residents of Alaska, Colorado, Kansas, Kentucky, Maryland, New Hampshire, South Dakota, Tennessee, Virginia, Vermont, and Wyoming will now be able to take advantage of the Skrill crypto wallet, which commenced in 2018 and already serves users in over 30 countries.

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In his announcement, Lorenzo Pellegrino, CEO of Skrill, mentioned: “We’re delighted to better serve our customers’ needs by launching our Skrill crypto offering in the country in partnership with Coinbase. Powered by Coinbase’s sophisticated platform, our crypto offering is just Skrill’s latest US move to provide consumers with a best-in-class digital wallet.”

With this new white-label solution, Skrill’s US customers can use the digital wallet to instantly buy and sell cryptocurrencies like Bitcoin, Bitcoin Cash, Ethereum, and Litecoin.

READ: Bad governance: Recreating Nigeria To Avert Collapse

Head of Institutional Trading at Coinbase, Brett Tejpaul, commented: “As we focus on building the .crypto-economy, we look to partner with leaders like Skrill who can white-label our turnkey solution to provide and support digital assets to their clients.”

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RECOMMENDED: Cryptocurrency: Top 9 Cryptos That Could Earn You Fortune In 2021

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Adebayo

Adebayo is a Content Developer and website manager who loves to learn, unlearn and relearn. He has a knack for exploring the tech world. He is always thirsty to learn as the tech ecosystem evolves every day.

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