UK-based digital payment services Skrill and NETELLER have announced the integration of Solana’s $SOL token as a listed asset on their respective platforms.
The integration includes Solana’s native $SOL token on Paysafe’s Skrill and NETELLER service platforms. Paysafe Group Limited (NYSE: PSFE), formerly known as Optimal Payments PLC, is a multinational digital payments company that oversees Skrill and NETELLER. The list allows users of the aforementioned platforms to buy $SOL with supported fiat currencies, signaling a new influx of liquidity for one of the best performing cryptocurrencies on the market.
“Solana is a very exciting addition to our growing cryptocurrency offering for Skrill and NETELLER. Solana is growing at a fast pace, not only in value but also in attention to developers and the variety of projects that result. With its high performance and ecosystem support, we believe that many of our users will be thrilled with the opportunity to buy and sell this currency. Shares Jordan Stoev, Paysafe Director of Encryption for Skrill and NETELLER.
Paysafe currently supports most major cryptocurrencies, including Bitcoin (BTC), Ether (ETH), Chainlink (LINK) and Uniswap (UNI), as well as 37 other cryptocurrencies included in its product suite.
Solana was recently hit by a critical vulnerability that resulted in intermittent instability in his blockchain validators. Despite this, it remains in seventh place among the top 10 cryptocurrencies by market value, an increase of at least 20% last week, with a current price of around $159. In early June, Solana received $314 .a million-euro fundraising round led by Andreessen Horowitz.
“With the continued increase in interest in cryptocurrencies in recent years, and more particularly since the beginning of the pandemic, we are excited to launch new features for our service, such as the addition of Solana. We’re continually looking to provide our users around the world with better, new, and more secure ways to interact with their money in a way that’s convenient for them,” notes Stoev.
With the inclusion of Solana in Paysafe’s Skrill and NETELLER services, users of these platforms can now manage their Solana portfolio directly from their respective apps. Recurring and automated purchases were enabled, along with personalized price alerts to inform users of changes and trends, providing much-needed insight into the cryptocurrency market. Skrill and NETELLER currently operate in Europe, Asia and Latin America.