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In a positive turn of events at the Crypto community, Skrill announced a move to expand the Cryptocurrencies that the Internet portfolio supports to include the Ripple native XRP Token. Therefore, from now on, Skrill will support five digital resources including XRP. This revelation was made via Twitter on an official Skrill page.
Other cryptocurrencies supported by Skrill include Litecoin (LTC), Bitcoin (BTC), Ethereum (ETH) and Bitcoin Cash ABC which retain the BCH symbol after the November 2018 hard fork.
Skrill users can buy and sell XRP
The Twitter announcement has announced to all users that XRP will be supported on the network immediately. The significance of the news is that users are now able to purchase XRP or even sell the token within the Skrill platform without having to leave the site to access a conventional Crypto exchange platform. Experts believe that this addition will greatly simplify the acquisition of XRP and could be crucial in mass adoption not only of Ripple but of all other digital assets.
This follows the public interest
While releasing the good news to the Crypto community, Skrill has shown incidences in which many people have asked developers to incorporate XRP into its Cryptocurrency provisions. The demand-driven XRP addition should therefore transform the Skrill users' experience particularly against the fierce competition from other online money platforms such as PayPal and Neteller. In addition, the new service will play a crucial role in the development of Skrill as a Crypto-fiat network that has direct links with traditional banking platforms.
Skrill recognizes the opportunities offered by Cryptocurrencies
The International Monetary Fund (IMF) and the G8 summit held in Argentina in mid-2018 said that cryptocurrencies are assets and not currencies. The debate is still ongoing among experts in which the opinion is strongly divided. Nevertheless, cryptocurrencies, like conventional resources, often appreciate value or dive according to the dynamics of Crypto markets.
In this regard, they offer a perfect strategy for long-term and short-term investments. With a dynamic market with a market capitalization level of $ 136 billion, they are increasingly popular among investors and Skrill aims to serve this market.
Already, Neteller offers Crypto trading services on web-based platforms. Having started the Crypto trading services in July 2018, Skrill should be the go-to option for cryptic investors. Skrill's CEO, Lorenzo Pellegrino, has yet to announce the possibilities of a real Crypto exchange platform, but has not even ruled out any possibility. It also recognizes that the Cryptocurrency market is dynamic, vibrant and promising, and Skrill will offer a digital portfolio and a unique and easy-to-use trading platform.
Skrill charges between 1.5% and 3% for fiat-Crypto transactions. In addition, the internet money network also offers fiat-Crypto trading solutions for over 40 currencies.
XRP is becoming popular
Ripple Blockchain is currently the most preferred technology for financial institutions that are willing to adopt DLT thanks to its centralization capabilities. This led XRP to be popular in the Crypto markets where it surpassed Ethereum to be the second largest digital asset.
