Paysafe’s Neteller and Skrill Add Solana (SOL) Trading

Two of the largest digital wallet providers, namely Skrill and Neteller, will enable their millions of customers to buy and sell Solana’s native token – SOL. This addition comes amid the blockchain project’s rapid rise in terms of adoption and SOL’s price surge as of late.

SOL on Skrill and Neteller

Aside from allowing customers to interact with SOL, the announcement shared with CryptoPotato explained that both companies will provide direct fiat purchases due to the crypto integration services from Paysafe – the company that operates Neteller and Skrill.

The statement added that the decision has come following the substantial growth of the blockchain project, which has become the home of many DeFi and NFT protocols.

Now, Skrill and Neteller users will be able to manage their Solana portfolio directly in-app, similarly to what they can do with any other of the nearly 40 digital assets available to them. Some of those include Bitcoin, Ethereum, Uniswap, Chainlink, and more.

Customers can set up price alerts to receive notifications of major movements. Also, they can set up automated and/or recurring purchases.

This new offering is live in many regions, including Europe, Asia, and Latin America, but not yet in the US, the statement revealed.

“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 2021 Run

As mentioned above, Solana and its native token have been on a roll since the start of the year. In fact, SOL entered 2021 at approximately $1.5. The subsequent market-wide bull run resulted in a 10x surge in about a month.

After a brief retracement, SOL resumed its price climb and reached a new high of $60 in mid-May when the entire market was in green.

While most of the altcoins retraced heavily and were attempting to recover in the following months, SOL went on a massive roll. It skyrocketed to its current all-time high of $215 – registered on September 9th.

Despite correcting since then, SOL now stands above $150 – meaning that its year-to-date increase is roughly 100-fold. No wonder a hypothetical investment of $1,000 at the start of 2021 would be worth six digits today.

This article was first published on: Oct 6, 2021