Two of the largest digital wallet providers, Skrill and Neteller, will enable millions of customers to buy and sell Solana’s native token – SOL. This addition comes amid the blockchain project’s rapid rise in adoption and the recent surge in SOL prices.
SOL on Skrill and Neteller
Aside from allowing customers to interact with SOL, the ad was shared with Potato encryption He clarified that the two companies would offer direct purchases due to crypto integration services from Paysafe – the company that runs Neteller and Skrill.
The statement added that the decision came after the significant growth of the blockchain project, which has become the home of several DeFi and NFT protocols.
Now, Skrill and Neteller users will be able to manage Solana’s wallet directly within the app, similar to what they can do with any of the approximately 40 other digital assets they have at their disposal. Some of these tools include Bitcoin, Ethereum, Uniswap, Chainlink, and more.
Clients can set up price alerts to receive notifications of major moves. Also, they can set up automated and/or recurring purchases.
The statement revealed that this new offering is available in several regions, 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 only in value but in developer interest and the diversity of projects it is building on. With the high performance and support of the ecosystem, we believe that many of our users will be excited about the opportunity to buy and sell this coin.” – Jordan Stoev – Head of Crypto at Skrill and Neteller commented.
SOL’s 2021 Race
As mentioned above, Solana and its original code have been on the way since the beginning of the year. In fact, SOL entered 2021 at around $1.5. The subsequent market-wide uptrend led to a 10-fold rally in about a month.
After a short bounce, SOL resumed the price rally and reached a new high at $60 in mid-May when the entire market was turning green.
While most altcoins have bounced hard and have been trying to recover in the following months, SOL has started a massive move. It jumped to an all-time high of $215 – recorded on September 9.
Despite the correction since then, SOL now stands above $150 – which means the year-to-date increase is about 100x. No wonder a hypothetical investment of $1,000 at the beginning of 2021 would be worth six figures today.
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