Paysafe’s Skrill and Neteller will start allowing customers to trade Solana from their platforms as we are reading more in our latest altcoin news today.
Two of the biggest digital wallet providers Skrill and Neteller will start enabling their customers to buy and sell Solana’s native token SOL and the addition comes amid the blockchain project’s fast rise in terms of adoption and SOL’s price surge. Aside from allowing customers to interact with SOL, the announcement shared shows that both companies will provide direct fiat purchases because of the crypto integration services from Paysafe’s Skrill and Neteller.
The statement added that the decision came following the substantial growth of the blockchain proejct which became the home of most NFT and Defi protocols. Skrill and Neteller users will be able to manage the Solana portfolio in-app similarly to what others do with more than 40 digital assets available to them. Some of those include Ethereum, Bitcoin, Uniswap, Chainlink, and more. The customers can set up the price alerts to receive notifications of major movements and they can set up automated or recurring purchases. The new offering is live in most regions like Asia, Latin America, Europe, and more but not yet in the US. The head of Crypto at Skrill and Neteller Jordan Stoev said:
“Solana is a very exciting addition to our growing crypto offering for both Skrill and Neteller, it is growing at a rapid pace, not just in value but in developer attention and the variety of projects building on it. With its high performance and ecosystem support, we believe many of our users will be excited about the opportunity to buy and sell this currency.”
Solana and its SOL token have been on a roll since the start of the year and SOL even entered 2021 at $1.5 with teh market-wide bull run resulting in a 10x surge in one month. SOL resumed its price climb and reached a new high of $60 back in May when the entire market was in the green. Most of the altcoins retraced and were trying to recover in the following months so SOL skyrocketed to a new high of $215. Despite correcting since then, SOL stands above $150 which means that its year-to-date increase about 100-fold.
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