Solana support added in Skrill and NETELLER

Karthik Subramanian

Paysafe, the company that runs the payment platforms skrill and NETELLER, has announced the integration of support fr buying and selling Solana on its platforms.

solana

Users will now be able to buy SOL tokens (the native token for the Solana blockchain) using fiat directly on either of the 2 payment platforms and they can also set up automatic buying of these tokens at regular intervals. This has been made possible by the integration brought in by Paysafe and Solana will join the 37 other cryptocurrencies that can be bought and sold from within the platform and this list includes bitcoin, ethereum, uniswap, Chainlink, and others as well. Solana is one of the fastest-growing blockchain networks in the world and its speed and low gas fees have been major factors contributing to its increasing adoption by users and developers as well.

“Solana is a very exciting addition to our growing crypto offering for both Skrill and NETELLER,” said Jordan Stoev, Head of Crypto, Skrill, and NETELLER, at Paysafe. “Solana 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.”

Users would also be able to set alerts to monitor specific price movements in SOL and other cryptocurrencies and this facility of buying and selling of cryptos are available across Europe, Asia, and Latin America while it is yet to be made available to the US. While Solana has been able to get a lot of traction, it did recently undergo a disruption in its services which led to its network not being available for around 18 hours. Though critics blamed it on the vulnerability of the network to crashes, it could be pointed that the main net on Solana is still in Beta and this is part of the growth pangs for the company.

Stoev added: “With the ongoing surge in interest that we’ve seen in cryptocurrencies over the last couple of years, and even more notably since the start of the pandemic, we are excited to launch new features for our service, like the addition of Solana. We are continually looking to provide our users around the world with better, new, and secure ways to interact with their money in a way that is convenient for them.”

Paysafe, like many other payment-related platforms, has been focussing its efforts on supporting cryptos as it has observed a surge in demand for crypto globally. The integration of Solana within the platform is expected to further boost its transaction volumes.

Read this next

Reviews

Traders Union Experts Share The Trading Analyst Review For 2024

Navigating options trading in rapidly shifting markets poses a considerable challenge. This is where options trading alert services become invaluable. They aid traders in keeping abreast of evolving opportunities and market trends. In this assessment, Traders Union experts scrutinize The Trading Analyst alert service to ascertain its efficacy. 

Digital Assets

BlockDAG’s Presale Achieves $9.9M: Aiming For A 5000-Fold ROI As Cardano’s Price Rises And Fantom Launches Sonic

Explore Cardano’s surge, Sonic’s efficiency, and why BlockDAG’s growth makes it the top crypto choice. A deep dive into the future of blockchain investments.

Digital Assets

US, UK probe $20 billion Tether transfers tied to Russian exchange.

U.S. and UK authorities are investigating the movement of $20 billion in the USD-pegged stablecoin tether (USDT) through Moscow-based exchange Garantex.

Digital Assets

BlockDAG Presale Raises $9.9M as Batch 5 Nears Sell-Out Amid Bonk’s Fluctuating Trading Volume & Spell’s Bullish Price

Explore BONK’s trading volume, SPELL’s market shifts, and why BlockDAG’s 10,000 ROI makes it an ideal crypto for savvy investors in 2024.

Digital Assets

Bybit expands into Europe amid regulatory scrutiny

Dubai-based cryptocurrency exchange Bybit is expanding its operations in Europe after encountering regulatory challenges in Hong Kong.

Digital Assets

Cathie Wood’s sponsored Bitcoin ETF sees historic $200 million inflows

The ARK 21Shares Bitcoin ETF (ARKB), co-sponsored by Cathie Wood’s ARK Invest, registered historic inflows exceeding $200 million on Wednesday, signaling a robust appetite among investors for Bitcoin-centric investments.

Digital Assets

Sam Bankman-Fried might see his 25-year sentence halved

Sam Bankman-Fried, the founder of the failed cryptocurrency exchange FTX, was sentenced to 25 years in federal prison by a Manhattan court on Thursday. This comes after he was convicted of defrauding customers and investors, with Judge Lewis Kaplan highlighting the potential future risks posed by Bankman-Fried.

Technical Analysis

EURJPY Technical Analysis Report 28 March, 2024

EURJPY currency pair under the bearish pressure after the pair reversed down from the major resistance level 164.25, which also stopped the sharp weekly uptrend at the end of last year,

Digital Assets

BlockDAG’s Presale Hits $9.9M, MultiversX & MINA Price Predictions Show Green

Read about BlockDAG’s promising $10 prediction and insights on MultiversX Price Prediction as MINA’s potential unfolds.

<