Paysafe’s Skrill, a leading specialized payments platform, partners up with Coinbase to launch a new white-label solution by enabling customers across 37 states in United states and territories to easily buy and sell multiple cryptocurrencies.
This first phase of Skrill’s expansion into the US cryptocurrency market strengthens American access to digital wallet availability, with support for other states expected soon.
The fast-growing rate of crypto adoption in the United States provides a new avenue for Paysafe to add to its global consumer base. customers can use digital wallets to instantly buy and sell cryptocurrencies such as Bitcoin, Bitcoin Cash, Ethereum, and Litecoin.
Users will also have the option of using Bitcoin to buy other cryptocurrencies. The company’s crypto offering can now be used by consumers in Georgia, Illinois, Michigan, Ohio, Tennessee, Texas, Virginia, Washington, D.C., Washington state, and Puerto Rico, among 27 other states.
Aside from the U.S. dollar, Skrill users also have the option of using Bitcoin to buy other cryptocurrencies, enabling quicker and more convenient transactions by allowing customers to avoid having to convert their interests back into fiat currencies. This will result in fewer overall transactions and therefore lower related fees.
Coinbase is the easiest and most trusted place to buy, sell, and manage cryptocurrencies, offering a suite of products for individual investors, active traders, businesses and institutions. Founded in June of 2012.
Coinbase has built the world’s leading compliant crypto company serving 43 million verified users in more than 100 countries and raised more than $525M in funding from leading investors such as Andreessen Horowitz, Tiger Global Management, IVP, USV, DFJ and NYSE
On the other hand, Skrill has been making digital payments simple, secure and quick since 2001.It core purpose is to enable businesses and consumers to connect and transact seamlessly through industry-leading capabilities in payment processing, digital wallet, and online cash solutions