Paysafe partners with Coinbase on US cryptocurrency offering

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Web version available now, mobile app access available in April.

Paysafe on Thursday said it is partnering with Coinbase to take its Skrill digital wallet to the United States.

The two companies said Coinbase, a digital currency platform provider, is providing a new, cryptocurrency white label solution to Skrill.

As a result, consumers in 37 states will be able to buy and sell cryptocurrencies, including Bitcoin, Bitcoin Cash, Ethereum and Litecoin. Buyers will be also able to use US dollars or Bitcoin to make purchases of cryptocurrencies.

Other US states will be added imminently, the two companies said in a statement. They noted the US launch is a phased roll-out, with the online/web version of the product available immediately, while the mobile app version is expected to be launched in early April.  

Skrill unveiled its crypto offering in 2018. It is currently available in more than 30 countries.

Coinbase is one of Skrill’s liquidity exchange partners in Europe.

In 2020 Skrill brought the Skrill Visa Prepaid Card, Skrill Money Transfer remittance solution, and Skrill Knect loyalty and rewards program to the US.
Lorenzo Pellegrino, CEO of Skrill, Neteller and Income Access at Paysafe, said Thursday, “US consumer interest in cryptocurrencies and cryptocurrency trading is stronger than ever, so we are delighted to better serve our customers’ needs by launching our Skrill crypto offering in the country in partnership with Coinbase.”

Brett Tejpaul, head of institutional trading at Coinbase, added, “As we focus on building the crypto-economy, we look to partner with leaders such as Skrill who can white-label our turnkey solution to provide and support digital assets to their clients without having to learn the nuances of building a crypto exchange.”

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