The cryptocurrency market has relied on updates and developments in the field to ensure that the industry is always dynamic. This has also resulted in cryptocurrency organizations going far and beyond their usual metric so that users can have a more wholesome and streamlined experience.
Keeping this agenda in mind, Skrill wallet, a popular cryptocurrency wallet used for gaming and international money transfer, stated that they would be launching new crypto to crypto feature that will enable users to procure other cryptocurrencies with the assets that they own.
Skrill’s official handle tweeted:
“Buying and selling #crypto with Skrill just got even better. 🙌Introducing crypto-to-crypto – a new feature that lets you use your bitcoin balance to buy and sell the other 8 cryptocurrencies we offer.”
The company has stated that the option would allow users to diversify their portfolio and also try their hand at different cryptocurrencies. Skrill inherently will enable users to buy cryptocurrencies using a hundred other payment methods, and this is the reason why the community has lauded the company for its inclusivity policies.
Once users join the platform, they have the option to convert 40 fiat currencies into Bitcoin, Bitcoin Cash, EOS, Ether, Ethereum Classic, Litecoin, XLM, XRP, and 0x.
Lorenzo Pellegrino, CEO of Skrill, NETELLER, and Income Access at Paysafe, admitted that customers want more functionality to make it even easier for them to interact with digital assets. He added:
“Cryptocurrency is an important part of what we do in digital wallets and using our scale and vast experience of the payments industry, we’re continually enhancing our service to help our customers get the most out of the crypto ecosystem.”
The importance has fallen on Bitcoin again because the world’s largest cryptocurrency began climbing back up bullish ladders after a week of price falls. At press time, Bitcoin trades for $7562.35 with a total market cap of $136.68 billion. The giant cryptocurrency boasts a 4-hour market volume of $17.91 billion after a 0.09 percent hike in prices over the 24-hour time frame.
As we write this, Bitcoin is still holding steady compared to altcoins such as Ethereum and XRP, who are still struggling to get out of their bearish rut. This may have been one of the reasons why popular wallets such as Skrill usually tend to keep Bitcoin as the standard.
Disclaimer: The presented information is subjected to market conditions and may include the very own opinion of the author. Please do your ‘very own’ market research before making any investment in cryptocurrencies. Neither the writer nor the publication (TronWeekly.com) holds any responsibility for your financial loss.