Neteller absorbs Skrill and embraces Bitcoin

Optimal Payments, the parent company of Neteller, has announced that it will acquire one of its main competitor, Skrill.

A global provider of online and mobile payment processing services, Optimal Payments has customers in 200 countries and processes “billions of dollars each year.” Skrill has 36 million account holders, also sending and receiving money worldwide in 40 currencies. The deal between the two former competitors, valued at $1.2 billion, will create “a global tech champion in the fast growing digital payments space,” reads the press release.

Optimal also announced a partnership with Bitpay, allowing customers to top up their accounts by exchanging Bitcoin into any currency offered by Neteller. “This makes Optimal Payments one of the first major financial institutions to facilitate digital currency transactions on a global scale,” noted the company.

These two major announcements are of particular interest for poker players and online betting fans, Neteller and Skrill being the most widely used solutions to deposit and withdraw money to and from online gaming sites. Most online poker rooms and sport betting websites can now easily allow their customers to use Bitcoin as a deposit method, and a closer integration with the crypto-currency can be expected in the near future.