Skip to main content

Alchemy Pay Adds Euros Pay-in Offerings via Paytend

PRESS RELEASE. Singapore, February 2022 – Leading fiat and crypto payment solutions provider, Alchemy Pay (ACH), announces its partnership with the Europe-based digital bank, Paytend. Alchemy Pay’s client crypto services, such as exchanges and investment platforms, will now offer users to pay directly in euros via credit and debit cards without requiring costly back-end conversion to US dollars.

Presently, most crypto service providers only accept US dollars and users paying in euros incur hidden foreign exchange fees when the euros-to-dollars conversions take place. Alchemy Pay’s enhanced service reduces forex friction for both businesses and consumers in Europe – a strategic offering that helps the company expand its global reach in the crypto payments industry.

John Tan, CEO of Alchemy Pay, explained the significance of the collaboration, “Europe is a key region for crypto at this point, and leveraging Paytend’s licensed payment channels gives us an advantage in the market. We are now offering our commercial partners in Europe and their users the most competitive prices and our network has more coverage than ever.”

With more than $1 trillion in transactions, Europe has become the largest cryptocurrency economy in the world. A Chainalysis report from October last year observed that Europe had grown to become the number one in the world in terms of crypto activity. The continent’s $1 trillion worth of cryptocurrencies last year represented around a quarter of all global activity.

Alchemy Pay’s flagship product is its hybrid crypto-fiat payment system that allows merchant partners to accept popular cryptocurrencies in offline and online payments at a low cost and with near-instant instant conversion to the merchant’s local fiat currency. It recently expanded services with crypto exchange, MEXC, and partnered with leading blockchain networks including Polygon Network, Avalanche, Algorand, and NEAR to drive crypto payment use cases.

Having obtained a European Union EMI licence and a technical framework that meets regulatory requirements, Paytend provides innovative digital banking services for European and overseas users around the world. Paytend is positioned to provide comprehensive financial services within the unified regulation of the European Central Bank to ensure the safety of funds. Leveraging its wide-reaching settlement network in Europe and the international markets, Paytend Europe has an expansive reach across Europe and provides low-cost and efficient digital banking services for clients with needs of cross-border remittances, card issuance and acquisition.

About Alchemy Pay

Founded in Singapore in 2018, Alchemy Pay (ACH) is a payment solutions provider that seamlessly connects fiat and crypto economies for global consumers, merchants, developers, and institutions. It provides online and offline merchants with convenient acceptance of both fiat and crypto, enables easy onboarding to blockchain ecosystems, and makes DeFi services highly accessible. Today, Alchemy Pay is supported in over 70 countries with 300 payment channels, has touchpoints with more than 2 million merchants through partnerships with industry leaders such as Binance, Shopify, NIUM, and QFPay. Alchemy Pay’s token, ACH, runs on the Ethereum blockchain and is a top 250 cryptocurrency by market capitalisation.

 

Website: alchemypay.org

Twitter：twitter.com/alchemypay

Telegram: t.me/alchemy_official

 

 



This is a press release. Readers should do their own due diligence before taking any actions related to the promoted company or any of its affiliates or services. Bitcoin.com is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in the press release.



from Bitcoin News https://ift.tt/7bTDwE8
Labels:

Comments

Post a Comment

Popular posts from this blog

Seven UK Companies Form Cryptocurrency Trade Body

Seven major crypto companies operating in the UK have announced the formation an independent cryptocurrency trade body. The group, Crypto UK, has stated that its principal aim is to “improve industry standards and engage policymakers.” Also Read:   Independent Ratings Agency Alerts Investors About Dangers of Tether Leading Cryptocurrency Companies form Crypto UK Trade Body Seven leading cryptocurrency companies operating the UK have formed an independent trade body tasked with developing self-regulatory standards for the cryptocurrency industry, in addition to “engag[ing] policymakers.” The members of Crypto UK are Coinbase, Etoro, Cex.io, Blockex, Commerceblock, Coinshares, and Cryptocompare – comprising trading platforms, exchanges, asset managers, merchants, comparison websites, and intermediaries from the cryptocurrency sector. “Regulation is Imminent” The Crypto UK chairman and managing director of Etoro, Iqbal Gandham, described the trade body’s mission as “promot[in...
41 comments
Read more

Mt Gox Creditors Updated, Trustee Says Rehabilitation Custodian Is ‘Currently Preparing to Make Repayments’

On August 31, 2022, the Mt Gox trustee Nobuaki Kobayashi explained in a recent letter that the rehabilitation custodian is “currently preparing to make repayments” to Mt Gox creditors. Trustee Updates Mt Gox Creditors — Repayment Date and Exchange Still Unknown Last week speculation and rumors concerning the release of 140K bitcoin ( BTC ) from Mt Gox littered social media platforms and headlines. Bitcoin.com News covered the situation six days ago as a number of people and Mt Gox creditors called the rumors “ fake news .” During that same period of time, a bitcoin whale transferred 10,000 BTC to unknown wallets, and a 2018 annotation , heuristics, and clustering methods show the funds likely originated from the June 2011 Mt Gox hacks. Following the mysterious whale transfer, last Wednesday, Mt Gox published an official update from the court trustee Nobuaki Kobayashi that explains the court is “currently preparing to make repayments” to creditors. Mt Gox creditors have been wait...
Post a Comment
Read more

International Crypto Exchange Luno Adds Bitcoin Cash Trading

Luno exchange has added bitcoin cash trading to the platform following feedback from its client base. BCH is now only the third cryptocurrency available for trading on the exchange, in addition to BTC and ETH , but more options could be on the way once Luno determines that they are credible enough. Also Read: Bitflyer Adds Bitcoin Cash Trading Across Europe and the US Luno Adds Bitcoin Cash Trading Luno, the London-headquartered company formerly known as Bitx, recently announced that bitcoin cash was made available on its cryptocurrency exchange. Starting from Monday, September 23, customers at Luno are now able to store, buy and sell BCH on the platform. The reason given for adding BCH to the exchange is feedback from users in developing markets that convinced Luno to expand their offering from previously just BTC and ETH . Marcus Swanepoel, CEO of Luno, said , “We are in a new and exciting financial era. Developing economies are leading the large-scale adoption and appli...
Post a Comment
Read more