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Neteller launching own cryptocurrency wallet

Neteller News

Paysafe Group’s NETELLER has actually been understood worldwide for their e-money transfer service. With an annual profits of around 100 million USD, the business has actually had rather a success in the last couple of years. Netellers primary target groups are online gaming websites and accounts can be established in 28 significant currencies, while loan can be packed up from checking account and credit/debit cards.

Now NETELLER has actually moved on and diversified its service offering with the choice to purchase and offer cryptocurrencies through relied on exchanges according to Finance Magnates The service is presently offered in 10 nations, however will later on present in 50 extra markets and in the mobile application of the business also.

The app will permit the conversion of 28 fiat currencies, therefore making it much easier for the users to get cryptocurrencies as this choice will remove the requirement for their consumers to go to exchanges.

This relocation goes in-line with Skrill’s (another Paysafe brand name) growth into the cryptocurrency market. Back in July we reported that Skrill has developed an instantaneous crypto exchange service that has actually been offered through its site.

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Written by Ravi Gupat

Ravi grew up in India and graduated in Economics. He is a serial entrepreneur who has founded and exited several companies in tech and media over the past 15 years. He is also an early stage investor and advisor in various blockchain-based companies.

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