Skrill expands crypto offering in the US with Coinbase

By Megha Bhattacharya

Paysafe today announced that digital wallet Skrill has partnered with Coinbase to expand its cryptocurrency offering to the US. Coinbase will be offering a new cryptocurrency white label solution to Skrill, thus enabling customers to buy and sell multiple cryptocurrencies.

Lorenzo Pellegrino, CEO of Skrill, NETELLER, and Income Access at Paysafe, said, “U.S. consumer interest in cryptocurrencies and cryptocurrency trading is stronger than ever, so we’re delighted to better serve our customers’ needs by launching our Skrill crypto offering in the country in partnership with Coinbase. Powered by Coinbase’s sophisticated platform, our crypto offering is just Skrill’s latest U.S. move to provide consumers with a best-in-class digital wallet.”

Skrill stated that customers can use digital wallets to instantly buy and sell cryptocurrencies such as Bitcoin, Bitcoin Cash, Ethereum, and Litecoin. They 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.

Brett Tejpaul, Head of Institutional Trading at Coinbase, commented, “As we focus on building the crypto-economy, we look to partner with leaders like Skrill who can white-label our turnkey solution to provide and support digital assets to their clients without having to learn the nuances of building a crypto exchange.”

Recently, Skrill announced that Leeds United has selected it as its Official Partner. Skrill is also set to become a live payments option on Leeds United’s international online store. The company stated that the new sponsorship supports its activity in the UK and promote its popular services such as the its prepaid card, the option to buy and sell cryptocurrencies and Skrill Money Transfer, which allows people to send money abroad with competitive rates.