Neteller is a project of the Paysafe Group Ltd. The group said on October 19 that their customers now have the possibility to work with cryptocurrencies in their wallet. Now, as a user of the fiat Netart Neteller digital wallet, you have the possibility to acquire, sell and store the most popular cryptocurrencies: Bitcoin (BTC), Bitcoin Cash (BCH), Ethereum (ETH), Ethereum Classic (ETC) and Litecoin (LTC). While it is available only to residents of 10 countries.
The project Paysafe Financial Services Ltd was created in the late 1990s as an alternative to other methods of payment in the Internet and now it goes to a new level. Many companies understand that such a phenomenon as cryptocurrency cannot be ignored and begin to gradually introduce them into their work.
Earlier, Paysafe Group Ltd has already reported that their Skrill project has already begun to provide its wallet clients with the possibility to use more than 40 fiat currencies to buy and sell the most popular cryptocurrencies.
Neteller adds cryptocurrency to a variety of available payment methods
At the moment, Neteller wallet users can exchange traditional fiat currencies, which are now available there 28, for the 5 most common cryptocurrencies. In the future, the company plans to expand the list of available cryptocurrencies, as well as expand the geography. Paysafe Financial Services Ltd intends to increase the number of countries in which fiat currency exchange for cryptocurrency will be available up to 50. In addition, the possibility of exchanging cryptocurrency will soon be added to the Neteller mobile app.
In total, along with cryptocurrencies, users of the Neteller platform are now available over 100 payment methods. You can replenish your wallet account using Paysafecard, Bitcoin, Epay, Pay by Mobile, several online banks, Brazilian reals, Russian rubles, Japanese yen, Australian, Canadian and American dollars, Swiss francs and many other ways and currencies.
In more than 200 countries, creating a Neteller account, millions of users use Neteller wallets to pay, store and make money. When you create an account, you set the default currency in your wallet. If your default currency is US dollar or euro, then for you the cryptocurrency exchange fee will be 1.5 percent. If you select other currencies by default, the charge for the purchase or sale of cryptocurrencies will be 3%. The minimum possible amount for operations with cryptocurrency will be equal to the equivalent of about 10 euros, and the maximum depending on the limits set in a particular account.
Neteller is one of the largest e-payments and money transfer companies in the world, processing payments worth billions of dollars each year. As a Neteller wallet user, you can pay for goods and services, transfer and withdraw money in millions of ATMs, retail outlets and websites around the world. Paysafe Group the parent company of Neteller has the necessary permissions from U.K. Financial Conduct Authority, therefore, all processes related to traditional fiat currencies are regulated according to the rules of the organization U.K. Financial Conduct Authority.
However, operations with cryptocurrencies are not regulated by such organizations, therefore, in this case, the company acts according to internal rules of circulation and transactions in cryptocurrencies.