Skrill and Neteller, two of the largest digital wallet providers, will allow their millions of customers to buy and sell Solana’s native token – SOL. This addition comes amid the blockchain project’s rapid adoption and the recent price surge of SOL.
SOL on Skrill and Neteller
Aside from allowing customers to interact with SOL, the announcement shared with CryptoPotato explained that due to the crypto integration services provided by Paysafe – the company that operates Neteller and Skrill – both companies will offer direct fiat purchases.
According to the statement, the decision was made as a result of the blockchain project’s significant growth, which has become the home of many DeFi and NFT protocols.
Skrill and Neteller users can now manage their Solana portfolios directly in-app, just like they can with any of the nearly 40 digital assets available to them. Bitcoin, Ethereum, Uniswap, Chainlink, and other cryptocurrencies are among them.
Customers can set up price alerts to receive notifications of significant price changes. They can also set up automatic and/or recurring purchases.
According to the statement, this new offering is available in many 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 terms of value, but also in terms of developer attention and the variety of projects that are being built on it.” We believe many of our users will be excited about the opportunity to buy and sell this currency because of its high performance and ecosystem support,” said Jordan Stoev, Head of Crypto at Skrill and Neteller.
SOL’s Run in 2021
As previously stated, Solana and its native token have been on a tear since the beginning of the year. In fact, SOL debuted in 2021 at around $1.5. The ensuing market-wide bull run resulted in a 10x increase in less than a month.
SOL resumed its price rise after a brief retracement, reaching a new high of $60 in mid-May, when the entire market was in green.
While most altcoins retraced heavily and attempted to recover in the months that followed, SOL went on a massive roll. It has now reached an all-time high of $215, which was set on September 9th.
Despite subsequent corrections, SOL is now trading above $150, implying a 100-fold year-to-date increase. It’s no surprise that a $1,000 investment at the start of 2021 would be worth six figures today.