Paysafe’s Skrill and NETELLER Add Four New Cryptocurrencies to Its Digital Wallets

Skrill and NETELLER, the digital wallet providers which are part of Paysafe Group, have added four new cryptocurrencies to their digital wallets, allowing users to buy, sell and hold the tokens from an optimised and user-friendly interface.

The four coins introduced include Avalanche's AVAX, the Internet Computer Protocol (ICP) by Dfinity, IoTeX's IOTX and Axie Infinity's AXS. Through Skrill or NETELLER, users can set up custom price alerts to notify them of major movements, or set up recurring purchases. The 40+ cryptocurrencies now available directly in Skrill and NETELLER include Bitcoin, Ethereum, Chainlink, Solana and others.

The newly added cryptocurrencies include exponents from major smart contract and computation platforms, including AVAX, ICP and IOTX.

"We are excited to be expanding our selection of cryptocurrencies within Skrill and NETELLER, with our latest batch including some very exciting cryptocurrencies available today," says Chirag Patel, CEO, Digital Wallets, at Paysafe. "Tokens like AVAX, ICP, IOTX and AXS are great additions for us, allowing our customers to get exposure to the rapidly growing DeFi and Play-to-Earn economies. This cements Skrill and NETELLER as ideal platforms for accessing the vibrant crypto world, and our portfolio tools will surely make life easier for our users as well."

Paysafe has posted its financial results for the the third quarter of 2021​, unveiling a slight drop. Following are the financial highlights compared to Q3 2020:

• Total revenue decreased from $355.5 million to $353.6 million, down 1%;

• Total Payment Volume rose 19% to $31.1 billion;

• Net loss attributable to the company came in at $147.2 million, compared to that of the same period last year at $38.1 million;

• Adjusted EBITDA fell 1% to $106.4 million.