Simplex and Skrill Broaden Cryptocurrency Convenience by Launching New Onramp Solutions – Finance Bitcoin News

As enthusiasm for cryptocurrency grows due to strong demand from retail and institutional investors, financial service providers Simplex and Skrill are increasingly interested in the ecosystem and are focusing on improving transaction capacity and convenience. Digital payment services continue to expand the accessibility of the cryptocurrency landscape, supporting direct token withdrawals and browser-based portfolio support.

Advanced Browser Portfolio Features

Simplex has partnered with the Opera private web browser to provide support for cryptocurrency for its browser portfolio. The portfolio will allow Opera users to easily and quickly convert currencies from fiat to cryptocurrency.

Opera, which takes its name from the first Web3 and blockchain browser, already has a native portfolio supporting Bitcoin, Ethereum and Tron. Now, with the integration of the Simplex feature, Opera is expanding the range of tokens and coins its portfolio supports, while adding functionality for depositing and withdrawing trust funds at low conversion costs.

Removal of cryptographic tools without an Exchange account

Skrill’s latest additions allow users to pull tokens directly from their accounts to a Bitcoin or Ethereum (ETH) encrypted wallet address, adding a new level of flexibility.

Skrill already supports the purchase of many tokens, including Litecoin, ZRX, Thesos, Star, Dash, EOS and others, in addition to over 40 fiat currencies. In addition to the ability to buy and sell cryptocurrencies instantly, the latest withdrawal feature, which is currently being implemented in the European Economic Area (and later in the UK), will make it easier for users who prefer to keep their coins private on a long-term basis.

The new services will help users increase their portfolio size without having to open a trading account. Eventually, the company plans to allow more cryptocurrents to be pulled from designated portfolios as supply increases.

Monitoring the development of wages and incomes

Skrill and Simplex’s recent initiatives are in line with those of other major payment and exchange players. After introducing “buy, sell and hold” features for U.S. customers last fall, Paypal users will be able to fill their accounts with the cryptocurrencies of 26 million merchants starting in 2021.

This feature allows customers to pay efficiently in encrypted currency while sellers receive cash, allowing sellers to avoid the constant volatility that has hindered wider adoption. In addition, the company said that Venmo will start supporting cryptocurrency transactions in 2021.

Online investment platform Robinhood recently announced that it will soon offer encrypted deposits and withdrawals. Although the platform already allows users to buy and sell certain cryptocurrencies, there is only one entry and exit option for existing providers.

When do you think Paypal will finally launch and open up to cryptocurrency? Let us know in the comment section below.

Images: Shutterstock, Pixabay, Wiki Commons, Simplex, Skrill, Opera,

Disclaimer: This article is for informational purposes only. It does not constitute a direct offer or invitation to buy or sell, or a recommendation or endorsement of any product, service or company. does not provide investment, tax, legal or accounting advice. Neither the company nor the author shall be responsible or liable, directly or indirectly, for any damage or loss caused or alleged to be caused by or in reliance on any content, goods or services referenced in this article.

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