RATE Group | Skrill Doubles Down on Crypto? Offers New Crypto-to-Crypto Conversion Feature
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Skrill Doubles Down on Crypto? Offers New Crypto-to-Crypto Conversion Feature

27 Nov Skrill Doubles Down on Crypto? Offers New Crypto-to-Crypto Conversion Feature

Posted at 22:11h in Cryptocurrency News by

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Online payment services firm Skrill has announced the expansion of its cryptocurrency offering. With its crypto-to-crypto buy and sell service, Skrill users will now be able to use Bitcoin to buy other cryptocurrencies, making transactions on the platform faster and lower-cost. It comes after the UK-based firm first introduced its Cryptocurrency Service last year.

Before this change, Skrill customers could use their fiat account balances to purchase any of nine different cryptocurrencies, including Bitcoin, Ether, Litecoin, and XRP, among others. However, if they wanted to exchange one cryptocurrency for another, they’d have to sell their holdings and use the proceeds in fiat to purchase their chosen coins.

The new service enables users to sell their Bitcoin in exchange for one of the other supported cryptocurrencies, with trading pairs for BTC vs. the other eight tokens already available. The company anticipates that more pairs will be added soon. By allowing crypto-to-crypto…

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