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Topic
Board Beginners & Help
Re: A Deeper Look into the Skrill cryptocurrency TOS
by
Pmalek
on 09/12/2020, 09:45:00 UTC
This is a much more needed service and it would do the company a thing of good to enable it to best serve there patronizers. Else, what's the point in owning the damn card anyway!
It's a card like any other prepaid card. It's main purpose is to spend fiat currencies just like with other cards. Maybe the option to spend crypto will be enabled sometimes in the future, but I doubt it.

Till now, I didn't even know that Skrill was offering something like that. Is that something new?
They probably did this in order not to lose the race with PayPal as their main competitor.
Not really. Skrill introduced its crypto service in summer 2018, prior to PayPal. PayPal did it much later, in October 2020. So it's the other way around. 

I have told everyone that I know that uses these platforms to not even touch the crypto aspect of it unless they want headache.
I wouldn't go near it myself. I would consider any other option before even thinking of purchasing interests in coins from money-hungry institutions like PayPal or Skrill. At least they call the thing they sell 'interests' and not real cryptocurrencies.   

I wonder if people are going to realize that they are not owning any of these coins at all, probably not.
I doubt it. The number of people who use or know bitcoin and crypto is still not that big. The number of people who understand it and know how it works is even smaller. Those who would use services like Skrill's have heard about this new fancy online money called bitcoin. They have been told they can make big money with it, and that is where their interest begins and ends.

Snip
I will take a look at that. I wonder what the user did and what Skrill's excuse is for restricting him from purchasing bitcoin.