NETELLER and Skrill users can now transact in Solana

By: Daniela Kirova
Daniela Kirova
Daniela was born in Bulgaria, grew up in Chicago, and then moved to Michigan to attend the University of… read more.
on Oct 6, 2021
  • Users can buy or sell Solana directly for fiat thanks to an integration from Paysafe
  • Solana focus is on high optimisation for rapid networking and parallel processing
  • Users can set up recurring and automated purchases as well as custom price alerts

Users of Skrill and NETELLER can now purchase, exchange, and sell Solana (SOL/USD), one of the top performing smart contract blockchains and one of the highest rated cryptocurrencies on the market, Invezz learned from a press release.

They can also buy or sell Solana directly for fiat thanks to an integration from Paysafe, the premier payments platform, to the Skrill and NETELLER cryptocurrency services.

Solana is optimized for fast networking and parallel processing

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Solana is a blockchain platform based on PoS (Proof of Stake) with an active ecosystem of DeFi and NFT projects. Its focus is on high optimisation for rapid networking and parallel processing and is capable of processing 50,000 transactions per second without compromising its decentralisation.

Jordan Stoev, Head of Crypto, Skrill and NETELLER, at Paysafe said:

Solana is a very exciting addition to our growing crypto offering for both Skrill and NETELLER. Solana is growing at a rapid pace, not just in value but in developer attention and the variety of projects building on it. With its high performance and ecosystem support, we believe many of our users will be excited about the opportunity to buy and sell this currency.

Users can set up custom price alerts and recurring purchases

NETELLER and Skrill users have the option to manage their Solana portfolio directly in-app. They can set up recurring and automated purchases as well as custom price alerts to notify them of major shifts, as with the other 37 cryptocurrencies available on Skrill and NETELLER.

Users residing in all countries where Skrill and NETELLER currently offer cryptocurrency services are eligible for Solana wallets. These are countries in Europe, Asia, and Latin America.

Stoev added:

With the ongoing surge in interest that we’ve seen in cryptocurrencies over the last couple of years, and even more notably since the start of the pandemic, we are excited to launch new features for our service, like the addition of Solana. We are continually looking to provide our users around the world with better, new and secure ways to interact with their money in a way that is convenient for them.

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