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Skrill Now Allows Buying All Available Altcoins with Bitcoin

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  • Alex Dovbnya
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    Skrill adds a new crypto-to-crypto buy and sell option to its digital wallet

Skrill Now Allows Buying All Available Altcoins with Bitcoin
Cover image via 123rf.com

Global payment provider Skrill has made an announcement about adding a new new feature that allows buying all cryptocurrencies available on the platform directly with Bitcoin. Hence, it eliminated the need for converting crypto into fiat in order to make a purchase. The press release states that a similar feature will be added to be added to the NETELLER wallet in the next few months. 

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Paysafe-owned Skrill launched its cryptocurrency service back in July 2018. The London-based firm gave its customers an opportunity to buy "interests" in various digital assets, including less popular altcoins like Ethereum Classic and 0x, with local fiat currencies and hold an interest.

The obvious downside of such services is that you do not physically own your coins. Cryptocurrencies are held on the customer's behalf in a pooled account. 

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Skrill CEO Lorenzo Pellegrino acknowledges that crypto is an important part of their business, and they want to make it easier for their customers to interact with the new asset class. 

Cryptocurrency is an important part of what we do in digital wallets and using our scale and vast experience of the payments industry, we’re continually enhancing our service to help our customers get the most out of the crypto ecosystem.”

As reported by U.Today, Dan Schulman, the CEO of Skrill's heavyweight competitor PayPal, recently revealed that he owned Bitcoin. However, as of now, the biggest online payment system in the world chooses to stay away from crypto.    

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About the author

Alex Dovbnya (aka AlexMorris) is a cryptocurrency expert, trader and journalist with an extensive experience of covering everything related to the burgeoning industry — from price analysis to Blockchain disruption. Alex authored more than 1,000 stories for U.Today, CryptoComes and other fintech media outlets. He’s particularly interested in regulatory trends around the globe that are shaping the future of digital assets.

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Bitcoin Price Likely to Surge to $8,200 Before Surprising Bulls: Crypto Analyst

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  • Yuri Molchan
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    A crypto analyst says that Bitcoin follows ‘standard crypto games’ and expects BTC price to surge to $8,200 before making a market reverse

Bitcoin Price Likely to Surge to $8,200 Before Surprising Bulls: Crypto Analyst
Cover image via 123rf.com

Disclaimer: The opinion expressed here is not investment advice – it is provided for informational purposes only. It does not necessarily reflect the opinion of U.Today. Every investment and all trading involves risk, so you should always perform your own research prior to making decisions. We do not recommend investing money you cannot afford to lose.

Contents

After Bitcoin bulls reclaimed the $7,400 level earlier, the flagship currency is holding in the $7,500 area. A crypto analyst says that these are ‘standard crypto games’ – Bitcoin is likely to surge into the $8,000 area before plunging again.

Bulls, get ready to rock - $8,200 on the horizon

At press-time, Bitcoin is swapping hands at $7,544. For a long while prior to that the price was trading flat in the $7,200-$7,300 area.

However, on Friday, the Bitcoin price managed to recover to the $7,500 level.

BTC price CMC
Image via CoinMarketCap

The analyst @CryptoMichNL reckons that Bitcoin is following a standard pattern of the volatile crypto market and is going to please the bulls before giving them a nasty surprise of a bearish reversal.

‘Bitcoin halving is the main catalyst’

The next Bitcoin halving programmed by Satoshi Nakamoto, the Great and Terrible, is to happen in May 2020. Many in the community believe it to accelerate the Bitcoin price surge since miners have not priced it in.

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Doubts about the BTC halving impact

However, a co-founder of the Morgan Creek Digital Jason Williams, the less Twitter-active than his colleague Anthony Pompliano, reckons that the Bitcoin price is likely to dip after the halving. The thing is that miners are going to get twice as fewer BTC for each new block than now and many of them are going to have to sell their BTC to pay the bills.

Besides, chances are high that small mining pools will quit since mining will stop giving them enough profit.

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About the author

Yuri is a journalist interested in technology and technical innovations. He has been in crypto since 2017. Believes that blockchain and cryptocurrencies have a potential to transform the world in the future. ‘Hodls’ cryptocurrencies. Has written for several crypto media. Currently is a news writer at U.Today.

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