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So one more online payments service has joined the cryptocurrency bandwagon. After Moneybookers now its sister company Neteller has launched its own wallet that will allow users to convert as many as 28 fiat currencies into cryptocurrencies. As of now it will allow conversion to Bitcoin, Bitcoin Cash, Ethereum, Ethereum Classic and Litecoin only, but more tokens may be added later.

Neteller is an e-money transfer service operated by Paysafe Group headquartered in Isle of Man. Besides its home in Britain the service will be available in 10+ other countries as well, and the company plans to launch it in 50 other markets as well by the end of this year. Neteller purchases and holds cryptocurrencies through a recognized exchange, it said in its announcement. The users, however, don’t need to deal with any exchange if they have the Neteller app on their phone (or using Neteller on their PCs).

It’s worth noting that Skrill, the other company that is offering this kind of service, is also owned by Paysafe Group. In short, Paysafe Group is getting more and more interested in cryptocurrencies with every passing day. Other brands of the group include MeritCard, Paysafe Card, Payolution, Income Access and FANS Entertainment. Speaking about the development Mr. Lorenzo Pellegrino, CEO of Skrill, Neteller and Income Access, said:

“The large amount of investment in technology and overall innovation in cryptocurrency has led to the rapid evolution of this space. As cryptocurrencies are increasingly embraced by businesses and consumers alike, this is an industry where we continue to strengthen our presence. As digital finance leaders, we believe we can play a significant role here and create value for both the industry and consumers. Connecting the dots between cryptocurrencies and traditional money in an efficient and user-friendly way is needed for cryptocurrencies to gain real traction amongst consumers. At Paysafe, we are in a great position to facilitate that through our leading digital wallets and other payment products