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  • Online payment system added functionality to allow users buying cryptocurrencies.
  • Market reaction is muted, but generally positive.

Online payment system Skrill now offers an easy way to buy and sell cryptocurrency Bitcoin, Litecoin, Ethereum, Bitcoin Cash for over 40 currencies. The company says that there are over 100 ways to deposit an account that allow exchanging digital coins for fiat and vice versa in a matter of seconds.  

“Exchange from 40 fiat currencies to Bitcoin, Bitcoin Cash, Litecoin or Ether and back to your wallet currency instantly and securely no additional  verification is needed,” the announcement says.

No additional Skrill wallet is necessary to perform operations with cryptocurrencies as Skrill customers can exchange their balance in local currency to crypto via their existing wallet. However, the service is not available in countries of Skrill presence. For example, the residents of Russia and USA won’t be able to enjoy the new Skrill functionality.  

The minimum purchase is about 10 euro, though the exact amount   will depend on the coin.   Maximum amount depends on the transaction limits associated with user’s account.

This news came in handy to support the rally on the cryptocurrency market. Bitcoin has gained 6.8% since this time yesterday, changing hands at $8,285; Ethereum is creeping closer to $500 resistance, while XRP is trading at $0.4579, 2% higher on a daily basis.