- Direct Bitcoin-to-crypto conversions debut on Skrill Cryptocurrency Service platform.
- Support will extend to other pairs in the near future.
Skrill, a digital mobile payments provider and a subsidiary of Paysafe Group, has announced a new development that will see users directly convert Bitcoin to other cryptocurrencies. The new feature allows for instant conversions. In the beginning, users will only be able to convert from Bitcoin to other digital assets; however, support for more pairs is expected in the near future.
Another key takeaway from the feature is the ability to support faster transactions at lower fees. Users will no longer have to change Bitcoin to fiat before buying other cryptoassets.
The feature will start on Skrill, but Paysafe hopes to extend it to Neteller as well as launch in other markets. Skrill Cryptocurrency Service enables the buying and selling of nine cryptocurrencies. Some of these cryptos include Bitcoin, Bitcoin Cash, Ethereum, Ripple, and Litecoin. There are up to 40 fiat currencies supported on the platform.
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