Skip to main content

Simplex and Skrill Broaden Cryptocurrency Convenience by Launching New Onramp Solutions

As enthusiasm for cryptocurrency mounts amid strong demand from retail and institutional investors, financial service providers Simplex and Skrill are building more inroads into the ecosystem, focusing on improving transactability and convenience. The digital payment services continue to expand the accessibility of the cryptocurrency landscape by backing direct token withdrawals and support for in-browser wallets.

Expanded In-Browser Wallet Capabilities

Simplex is partnering with privacy-oriented web browser Opera to provide cryptocurrency support for its in-browser wallet. The wallet will grant Opera users an easy onramp and offramp convert from fiat-to-crypto and crypto-to-fiat.

Opera, which holds the title of the first web3 and blockchain-ready browser, already has a native wallet that supports bitcoin, ethereum, and tron. Now with the Simplex onboard process, Opera is expanding the range of supported tokens and coins of its wallet while adding functionality for fiat deposits and withdrawals alongside low conversion costs.

Crypto Withdrawals Without an Exchange Account

Skrill’s latest additions allow users to withdraw tokens from their accounts directly to a bitcoin or ethereum (ETH) crypto wallet address, adding a new layer of fungibility.

Skrill already supports purchases of numerous tokens including litecoin, ZRX, tezos, stellar, dash, EOS, and others in addition to more than 40 fiat currencies. Besides the ability to buy and sell cryptos instantly, the latest withdrawal feature which is being rolled out in the European Economic Area (and the UK later on) will make it easier for users who prefer private custody over their coins for the long-term.

The new services help users expand their portfolios without the need for an exchange account. Eventually, the company plans to allow withdrawals of more cryptocurrencies to designated wallets as its offerings grow.

Keeping Up With the Paypals & Robinhoods

The latest moves by Skrill and Simplex echo a similar direction pursued by other major payment players and exchanges. After introducing buy, sell, and hold functionalities for U.S. customer accounts last fall, Paypal users will be able to fund purchases in cryptocurrencies from 26 million merchants in 2021.

The functionality will effectively allow customers to pay in crypto while merchants receive fiat currency, helping merchants avoid the persistent volatility that has prevented more widespread adoption. Moreover, the company has revealed that Venmo will also begin support for cryptocurrency transactions in 2021.

Not to be outdone by payment providers, online investment platform Robinhood recently announced that it’ll be offering crypto deposits and withdrawals soon. While the platform already allows users to buy and sell certain cryptocurrencies, notably dogecoin, there is only a fiat onramp and offramp for existing traders.

What do you think, when will Paypal finally get on board and fully ‘open up’ to crypto? Let us know in the comments section below.



from Bitcoin News https://ift.tt/3bGFVtj
Labels:

Comments

Post a Comment

Popular posts from this blog

Deep Web Roundup: Dream Adds Monero and Bitcoin Tumbler “Chip Mixer” Launches

The darknet has been quiet of late, which is the way it’s meant to be. No news means no mega busts, honeypots, or mass market shutdowns. Even when it’s out of the spotlight though, the deep web is quietly making news, whether trialling the latest privacy coins or the newest coin mixers that promise to restore a little of the privacy that’s being stripped away from bitcoin users on a daily basis. Also read: U.S. Agency ICE Conducts Investigations That Exploit Blockchain Activity The Battle for Privacy Heats Up Privacy is all relative, but of late there’s been relatively little privacy to be enjoyed by bitcoin users. Blockchain monitoring software is becoming more sophisticated and more common, with U.S. law enforcement agencies using it to profile and hunt down deep web users. Chip Mixer is a relatively new bitcoin tumbler that’s designed to restore some of that privacy. Available on both the clearnet and darknet, the service uses a variety of techniques to obfuscate blockchain m
10 comments
Read more

Ombudsman Receives Complaints About Crypto Investments in Spain

The Spanish ombudsman has been receiving complaints about cryptocurrency and how some Spanish citizens investing in these vehicles have lost everything. In his annual report, Angel Gabilondo recognized the rise of cryptocurrencies as a new problem due to the little or no regulation crypto sees in the country. In the same way, the EU has also warned about these assets recently. Spanish Ombudsman Gives His Take on Crypto Angel Gabilondo, the Spanish ombudsman, has given his take regarding cryptocurrencies and the effects they have on citizens investing in some of these projects. Gabilondo said in his yearly report that cryptocurrencies have become “a new problem” during the year examined, with many people having lost all of their funds invested. The report states : Cryptocurrency exchange companies or platforms are not regulated in the legal system, are not subject to any public supervision system, nor do they benefit from deposit guarantee systems. The affected users that sought
Post a Comment
Read more

International Crypto Exchange Luno Adds Bitcoin Cash Trading

Luno exchange has added bitcoin cash trading to the platform following feedback from its client base. BCH is now only the third cryptocurrency available for trading on the exchange, in addition to BTC and ETH , but more options could be on the way once Luno determines that they are credible enough. Also Read: Bitflyer Adds Bitcoin Cash Trading Across Europe and the US Luno Adds Bitcoin Cash Trading Luno, the London-headquartered company formerly known as Bitx, recently announced that bitcoin cash was made available on its cryptocurrency exchange. Starting from Monday, September 23, customers at Luno are now able to store, buy and sell BCH on the platform. The reason given for adding BCH to the exchange is feedback from users in developing markets that convinced Luno to expand their offering from previously just BTC and ETH . Marcus Swanepoel, CEO of Luno, said , “We are in a new and exciting financial era. Developing economies are leading the large-scale adoption and appli
Post a Comment
Read more