Skrill recently put forth a statement that it is planning on integrating a direct withdrawal system to any crypto wallet, as long as it’s held by a user of Skrill’s payment platform, PaySafe. The payment giant has been considering for a while a similar move due to the exploding cryptocurrency market. The impact of blockchain and crypto coins as a whole has changed the financial spaces, and Skrill is just one firm to be adapting its services to these changes. On top of the withdrawal feature, Skrill will also be adding a crypto holding options feature to its PaySafe platform.
Skrill adopted cryptocurrency payment options early in 2018, allowing users to transfer funds between users. Though, up until now, it never allowed for withdrawals directly to crypto wallets.
The new changes allow for withdrawals to crypto wallets in some 40 different digital fiats, like Bitcoin, Ethereum, Bitcoin Cash, Ethereum Classic, Litecoin, Dashm EOS, Stellar, Tezos, XLM, and Kyber.
As Skrill CEO puts it, “The new withdraw feature further enhances our service by enabling users to quickly and conveniently move their existing fiat balance to a crypto address of their choosing, saving them both time and money on fees”.
Skrill is currently launching withdrawal services to users in the EEA. However, the company is planning on releasing the feature is the UK and other countries sometime in the future.
Since 2001 Skrill has been one of the leaders in global payment solutions for both retail users and institutional clients. Its creed on fast and secure payments has resulted in current annual transaction volumes of some $90 billion. PaySafe is a payment platform developed by Skrill.