Leading digital wallet service provider NETELLER has launched services for its customers where they can buy and sell cryptocurrencies, the company said in a press release that was shared in Twitter. The rapid growth in the adoption of cryptocurrencies and crypto-related services are believed to have inspired NETELLER, a part of the multinational online payments company Paysafe Group. Paysafe Financial Services was founded in 1999 to provide an online alternative to traditional payment methods.
According to the release, this new service will enable NETELLER customers “buy, hold and sell cryptocurrencies via a recognised cryptocurrency exchange including Bitcoin, Bitcoin Cash, Ethereum, Ethereum Classic and Litecoin, purchased using any one of 28 fiat currencies available in the NETELLER wallet”.
“Today’s launch follows Paysafe’s cryptocurrency service for customers of Skrill, another digital wallet powered by the Paysafe Group, which has proved very popular. Launching the cryptocurrency service in the NETELLER digital wallet was the payment provider’s natural next step,” the company mentioned in the release.
To perform the cryptocurrency trading, a customer has to log into his/her account and select the option ‘Crypto’. The customer can gain access in just couple of clicks to buy and sell cryptocurrencies that aren’t purchased and held by NETLLER via a well-known cryptocurrency exchange.
Ten countries are already availing the benefits of new cryptocurrency service from NETLLER and the company plans to roll out its new offerings to over 50 additional markets over the coming week and months. The services will be extended to the NETELLER mobile app as well.
Explaining the benefits of this offering, Lorenzo Pellegrino, CEO Skrill, NETELLER and Income Access, said, “The large amount of investment in technology and overall innovation in cryptocurrency has led to the rapid evolution of this space. As cryptocurrencies are increasingly embraced by businesses and consumers alike, this is an industry where we continue to strengthen our presence.”
“As digital finance leaders, we believe we can play a significant role here and create value for both the industry and consumers. Connecting the dots between cryptocurrencies and traditional money in an efficient and user-friendly way is needed for cryptocurrencies to gain real traction amongst consumers. At Paysafe, we are in a great position to facilitate that through our leading digital wallets and other payment products,” Pellegrino added.
Apart from crypto transactions, customers can upload funds in various currencies with multiple payment options.
“The speed and efficiency of setting up a new user account means that customers can start buying and selling cryptocurrencies quickly and easily,” the release noted.
Accessibility to cryptocurrencies has already been made available to the customers through the Skrill mobile app as extended service that was launched in July.