Skrill's New Cryptocurrency Offering is Now Live in Over 30 Countries

The service runs through a partner exchange that handles trades and stores the cryptocurrencies. Skrill plans to add the feature to its mobile app and Neteller, Paysafe's other digital wallet, within the next few months.

"The world of cryptocurrency trading is exciting and dynamic, and our digital wallet service very much lends itself to this environment," Lorenzo Pellegrino, CEO of Skrill, Neteller and Income Access, said in a statement. "I'm confident that the ability to trade in cryptocurrencies quickly and easily through Skrill will appeal to consumers both now and in the future. We know many people want to experiment with cryptocurrency trading but don't know where to start and we've made the entire process very straightforward."

Skrill, which operated under the name Moneybookers before rebranding, provides online payments and money transfers. The wallet stores funds in any major currency. Users can order a Skrill prepaid card linked to their account in USD, EUR, PLN, or GBP, with transactions running on the MasterCard network.

The move reflects how payment companies are racing to grab a piece of the cryptocurrency market. Square received approval this month to let New York residents buy and sell bitcoin through its Cash App. The company added bitcoin purchases to the app in other states in January. Stripe, a major online payments platform, took the opposite approach. The company discontinued bitcoin support in April after supporting the cryptocurrency for four years. Stripe cited bitcoin's volatility and slow settlement times as reasons for the exit.