Fiat-to-Crypto Withdrawal Service Coming to NETELLER Platform

https://thefintechtimes.com/fiat-to-crypto-withdrawal-service-coming-to-neteller-platform/
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The digital payments provider NETELLER has announced a new feature for its digital wallet that enables users to withdraw funds directly to a cryptocurrency address.

Users of the NETELLER service, which is part of the specialised payments platform Paysafe, will now find themselves being able to instantly convert and withdraw their fiat balance to an external cryptocurrency wallet. The launch follows the availability of the fiat-to-crypto withdrawal service for Skrill, Paysafe’s other digital wallet, in February of this year.

Using NETELLER’s cryptocurrency service, customers can convert 40 fiat currencies, including the Euro, US dollar, and British pound sterling, into interests in 38 different cryptocurrencies including Bitcoin (BTC), Bitcoin Cash (BCH), Ethereum (ETH), Ethereum Classic (ETC), Litecoin (LTC) and, most recently, Solana (SOL).

This withdrawal feature is already live in ten countries internationally including the UK, Chile, Canada, and Australia, with plans to roll it out in additional countries and add more cryptocurrencies for withdrawal in the future.

Jordan Stoev, Head of Crypto and Trading, Paysafe GroupJordan Stoev, Head of Crypto and Trading, Paysafe Group
Jordan Stoev, Head of Crypto and Trading, Paysafe Group

“With so much interest in the digital asset space right now we’re excited to announce this new feature for NETELLER’s cryptocurrency service, which is the latest in a series of new additions and enhancements,” said Jordan Stoev, Head of Crypto, Skrill and NETELLER, at Paysafe. “The new withdrawal feature saves both time and money spent on fees for our NETELLER cryptocurrency users by allowing them to move their existing fiat balance to a crypto address of their choosing.”

  • Tyler is a Fintech Junior Journalist with specific interests in Online Banking and emerging AI technologies. He began his career writing with a plethora of national and international publications.

https://thefintechtimes.com/fiat-to-crypto-withdrawal-service-coming-to-neteller-platform/