Customers may trade Solana (SOL) straight from Paysafe’s Neteller and Skrill platforms.
Skrill and Neteller, two of the largest digital wallet providers, will allow millions of clients to buy and trade Solana’s native cryptocurrency, SOL. This inclusion coincides with the blockchain project’s increasing acceptance and recent price spike in SOL.
Skrill and Neteller are no longer available
Aside from allowing consumers to connect with SOL, thanks to the crypto integration services provided by Paysafe – the firm that owns Neteller and Skrill – both companies would be able to make direct fiat purchases.
According to the statement, the decision was made as a result of the blockchain project’s significant expansion, which has become the home of several DeFi and NFT protocols.
Users of Skrill and Neteller will now be able to manage their Solana portfolios immediately in-app, just like they do with any of the roughly 40 digital assets they have access to. Bitcoin, Ethereum, Uniswap, Chainlink, and others are among them.
Customers can set up price alerts to be notified of significant price changes. They can also set up automatic and recurring orders.
According to the statement, this new product is available in several locations, including Europe, Asia, and Latin America, but not yet in the United States.
“Solana is a very exciting addition to our growing crypto offering for both Skrill and Neteller, it 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.” – commented Jordan Stoev – Head of Crypto at Skrill and Neteller.
SOL’s Run in 2021
As previously said, Solana and its native token have been on a tear since the beginning of the year. In reality, SOL began 2021 at a price of around $1.5. Following that, a market-wide bull run resulted in a 10x increase in less than a month.
SOL continued its price ascent after a small pullback, reaching a new high of $60 in mid-May when the whole market was in the green.
While most cryptocurrencies retraced significantly and attempted to recover in the months following, SOL continued on a tremendous run. It soared to a new all-time high of $215, which was set on September 9th.
Despite corrections since then, SOL is currently trading above $150, representing a 100-fold rise year-to-date. So it’s no surprise that a $1,000 investment at the start of 2021 would be worth six figures.