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Cryptocurrency

18 Oct 2021

Crypto Wallet NETELLER Debuts Fiat Money-to-Crypto Withdrawal Feature

Crypto Wallet NETELLER Debuts Fiat Money-to-Crypto Withdrawal Feature

The Index Today

News from Dailycoin says that the Paysafe-backed digital payment provider, Neteller announced that there will be a new addition to its existing suite of financial services, namely the ‘crypto wallet.’ This new service joins the other payment features of the platform’s digital wallet.

By using their crypto wallet, customers of NETELLER will be able to access all the cryptocurrency payments.

Using the service, customers will be able to change the decree of currencies into cryptocurrency, and back to the fiat currency again. Customers will also be able to withdraw from their fiat balance into an external crypto wallet by simply providing the wallet address to which the fund should be transferred to.

But in addition to the report from the dailycoin, as of the moment, this feature is only available in ten countries throughout the world, including the United Kingdom, Chile, Australia, and Canada. However, going by the official press statement, there are ongoing plans to make the feature accessible in more countries.

This crypto wallet feature currently only supports 38 cryptocurrencies, including the famous cryptocurrencies like Bitcoin and Ethereum, the company intends to increase its cryptocurrency asset portfolio as it expands into other nations.

Thrilled about the newly achieved milestone, Jordan Stoev, head of Crypto, said that “With so much interest in the digital asset space right now we’re excited to announce this new feature for NETELLER’s cryptocurrency service, which is the latest in a series of new additions and enhancements,” "The new withdrawal feature saves both time and money spent on fees for our NETELLER cryptocurrency users by allowing them to move their existing fiat balance to a crypto address of their choosing.”