Another eWallet Adds Further Crypto Support, But Are Efforts Like Skrill’s Missing the Point?

One of the most popular online e-wallet services has just overhauled its cryptocurrency offering. From today, customers of Skrill will be able to exchange the various crypto assets the platform supports directly for Bitcoin.
The expanded service is the latest example of a payments company offering some cryptocurrency functionality. However, modern financial services firms, such as Skrill, Square, and Robinhood, remain custodial services with limited functionality outside the realms of speculatio