NETELLER, a digital wallet provider and part of Paysafe Group Plc (LON:PAYS), has just announced that it is now offering its customers the opportunity to instantly buy and sell cryptocurrencies, as cryptocurrency adoption continues to grow.
As of today, NETELLER users can 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. Launching the cryptocurrency service in the NETELLER digital wallet was the payment provider’s natural next step.
All customers need to do is log in to their account, select ‘Crypto’ and in just a couple of clicks they have access to buy and sell cryptocurrencies, which are purchased and held by NETELLER via a recognised cryptocurrency exchange.
NETELLER’s new cryptocurrency service is already live in ten countries with plans to roll it out to more than 50 additional markets over the coming weeks and months and to extend the service to its NETELLER mobile app.
Other features of the NETELLER wallet include the ability for customers to upload funds with multiple payment options and currencies. The speed and efficiency of setting up a new user account means that customers can start buying and selling cryptocurrencies quickly and easily.
Lorenzo Pellegrino, CEO Skrill, NETELLER and Income Access, commented:
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.