Formerly known as Moneybookers, Skrill is an e-commerce business that allows users to make money transfers and payments via the internet. The company was established back in 2001 and started off as an e-commerce payment gateway. However, after being acquired by the Paysafe Group, it has now expanded into being an online service which allows you to send money all around the world. By doing this, Skrill has attempted to bridge the gap between crypto enthusiasts and those who use e-wallets. But just how successful have the company’s efforts been so far and is Skrill a valid alternative to platforms such as PayPal and Stripe?
Skrill’s Cryptocurrency Venture Explained
With a Skrill wallet, you can purchase many of the big, well-known cryptocurrencies including Bitcoin Cash, Bitcoin and Ethereum. With up to 40 flat currencies currently catered for, the transfer is both convenient and virtually instant. In addition to this, you can set a trigger price at which you want to buy or sell the cryptocurrency of your choice and take advantage of price movements without even having to log in.
Although Skrill wallets are unavailable in a handful of countries, the company is planning to roll out the service to additional markets in the coming years. The launch of Skrill’s cryptocurrency platform in 2018 came at a time when traditional financial services were looking to tap into the digital currency market. A year on, cryptocurrency remains as relevant as ever in the financial landscape.
With a Skrill wallet, it’s also possible to deposit cryptocurrencies into your account and then make online purchases. In truth, the wallet is best used for purchases relating to gaming, shopping and other online services, owing to the fact that these are the sectors that are currently most supported by the technology.
Online casino is perhaps the latest industry to accept Skrill and a number of casinos including LeoVegas and Rizk now accept the service with regards to withdrawals and deposits. For those looking to use Skrill and similar services for their online casino exploits, Bonus Source NZ is definitely the website to check for what you need before you start playing your favourite online slots and card games.
Going in for the Skrill?
Depending on what you’re using the service for, Skrill works better for some than others. Those wanting a wealth of information and five-star customer service are probably best advised to look elsewhere as most of the gripes concerning Skrill involve a lack of communication. Essentially, Skrill is an extremely viable option for those wanting to send money internationally as the service works with businesses which PayPal does not (owing to the “riskier nature” of the country they originate from).
Skrill also comes with excellent security measure and users don’t have to pay for account maintenance and fraud protection, which is certainly handy if you’re using the platform for online casino or purchases from sites such as eBay and Amazon. With many people of the opinion that all payments and transfers will eventually go digital, you could do much worse than getting familiar with sites will allow the depositing and transfer of various different cryptocurrencies.