Online payments service Skrill has introduced a new feature allowing users to directly exchange cryptocurrencies. The crypto-to-crypto option gives you the opportunity to use bitcoin core (BTC) stored in your wallet to buy and sell eight other supported cryptocurrencies, including bitcoin cash (BCH).
Skrill, formerly known as Moneybookers, is popular in Europe where it’s used for online payments with 15,000 merchants as well as international money transfers. The U.K.-based e-wallet provider is one of those established payment systems that have opened to decentralized digital currencies in the past couple of years. The company recently tweeted:
Buying and selling #crypto with Skrill just got even better. 🙌— Skrill (@skrill) November 28, 2019
Introducing crypto-to-crypto – a new feature that lets you use your bitcoin balance to buy and sell the other 8 cryptocurrencies we offer.
Get started 👉 https://t.co/S0Z9tcxKte pic.twitter.com/QCBh50RZxm
Having an in-app coin swap option is a great addition to any payment platform as users can save on fees for additional exchange transactions involving fiat. Skrill pleasantly surprised crypto enthusiasts when it introduced the option to buy, hold and sell cryptocurrencies last summer.
Its app, available for both Android and iOS devices, lets you purchase crypto with over 100 payment methods and conversion of 40 different fiat currencies into BTC, BCH, EOS, ETH, ETC, LTC, XLM, XRP, and ZRX.