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Neteller launches fiat-to-crypto withdrawal service

Customers of NETELLER, part of the specialized payment platform Paysafe (NYSE: PSFE), can instantly convert and withdraw their fiat balance to an external cryptocurrency wallet by entering an address.

The feature is accessible when a customer goes to withdraw funds from their account and selects “Crypto Wallet”. The user then enters the balance amount and the wallet address of a Bitcoin or Ethereum wallet.

The withdrawal feature is already available in ten countries internationally, including the UK, Chile, Canada and Australia, with plans to roll it out to more countries and add more cryptocurrencies for withdrawal in the future. The launch follows the availability of the fiat-to-crypto withdrawal service for Skrill, Paysafe’s other digital wallet, in February this year.

Using NETELLER’s Cryptocurrency Service, customers can instantly convert 40 fiat currencies including Euro, US Dollar and British Pound into interest in 38 different cryptocurrencies including Bitcoin (BTC), Bitcoin Cash (BCH), Ethereum (ETH), Ethereum Classic (ETC), Litecoin (LTC) and, more recently, Solana (SOL).

“With such excitement in the digital asset space right now, we are 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, Paysafe. “The new withdrawal feature saves our NETELLER cryptocurrency users time and money by allowing them to move their existing fiat balance to a crypto address of their choice.”


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