Cryptocurrencies aren’t just a niche investment category anymore. In the latter half of 2019, digital assets have managed to sit beside stocks, bonds, commodities, and other investment instruments as an important part of a holistic investment portfolio.
Interestingly, digital assets are coming out on top. A resurgent awareness of cryptocurrencies has pushed their prices back up to values not seen for nearly 18 months, and to accompany this change, major financial institutions are releasing crypto-related products to meet the growing demand for digital assets.
For instance, IBM, one of the oldest and most storied tech companies in the world, launched a blockchain-based digital payment network that deployed Stellar as a tool for facilitating digital payments. offering crypto-related financial products.
Similarly, Facebook’s recently announced Libra currency represents the tech industry’s rushed foray into cryptocurrencies, targeting the unbanked with a novel financial product.
Skrill has been at the forefront of the digital payments industry since 2001, and the company entered the crypto space in a big way in 2018. Their platform caters to retail investors, providing them with features like a direct fiat to crypto gateway. Skrill is making acquiring and using digital currencies easier for millions of its customers.
We recently sat down with Lorenzo Pellegrino, the CEO of Skrill, NETELLER and Income Access, whom are all part of Paysafe Group. We touched on the hurdles to crypto adoption and Skrill’s now prominent involvement in the crypto space.
What significant changes have you observed in the crypto space since you first got involved?
Institutional involvement would be by far the most significant change. When I first started thinking about moving Skrill into the crypto world, it was really putting ourselves out there,