Under the strong demand of retail and institutional investors, as people’s enthusiasm for cryptocurrencies continues to increase, financial service providers Simplex and Skrill are increasingly involved in the ecosystem, focusing on improving transactional and convenience. Digital payment services continue to expand the accessibility of the cryptocurrency field by supporting direct token extraction and support for in-browser wallets.
Extended in-browser wallet function
Simplex is working with Opera, a privacy-oriented web browser, to provide cryptocurrency support for its browser’s built-in wallet. The wallet will provide Opera users with easy entry and oftramp conversion from fiat to encrypted currency and fiat to fiat currency.
Opera has the first browser that supports web3 and blockchain, and already has a local wallet that supports Bitcoin, Ethereum and tron. Now, with the Simplex onboard process, Opera has expanded the range of tokens and coins supported by its wallet, while adding legal deposit and withdrawal functions and lower conversion costs.
Cryptocurrency withdrawal without an exchange account
Skrill’s latest feature allows users to directly withdraw tokens from their accounts to Bitcoin or Ethereum (ETH) encrypted wallet addresses, thus adding new fungibility.
In addition to more than 40 legal currencies, Skrill also supports the purchase of various tokens, including litecoin, ZRX, tezos, stellar, dash, EOS, etc. In addition to being able to buy and sell cryptocurrencies instantly, the latest withdrawal feature being launched in the European Economic Area (and subsequently the United Kingdom) will make it easier for users who have long preferred private custody rather than tokens.
The new service helps users expand their product portfolio without having to exchange accounts. Ultimately, the company plans to allow more cryptocurrency to be withdrawn to designated wallets as its products grow.
Keep up with the development of Paypals and Robinhoods
The latest moves by Skrill and Simplex echo similar directions pursued by other major payment companies and exchanges. After the introduction of buy, sell, and hold functions for U.S. customer accounts last fall, Paypal users will be able to fund 26 million merchants buying cryptocurrency in 2021.
This feature will effectively allow customers to pay in cryptocurrency while merchants receive fiat currency, thereby helping merchants avoid continuous fluctuations, thereby preventing wider adoption. In addition, the company revealed that Venmo will also begin to support cryptocurrency transactions in 2021.
Robinhood, an online investment platform, recently announced that it will soon provide cryptocurrency deposit and withdrawal services, which will not discourage payment providers. Although the platform already allows users to buy and sell certain cryptocurrencies, especially Dogecoin, existing traders can only obtain legal circulation and circulation.
What do you think, when will Paypal finally join and fully “open up” cryptocurrencies? Let us know in the comments section below.
Picture Credits: Shutterstock, Pixabay, Wiki Commons, Simplex, Skrill, Opera,
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