Crypto Payment Provider Alchemy Partners Payment Processor Worldpay

The fiat-crypto payment gateway Alchemy Pay recently revealed that it has partnered with Worldpay in a move that gives its users to access Worldpay’s Visa and Mastercard payment rails via its on and off-ramp service. Alchemy said its users will now experience better efficiency and customer experience when using their respective credit and debit cards to trade cryptocurrencies.

Worldpay to Support Alchemy’s NFT Checkout

Alchemy Pay, the fiat-crypto payment gateway, has joined forces with the payments processing firm Worldpay “to amplify its payment channels and elevate its payment capabilities.” According to Alchemy, this partnership allows its users to access Worldpay’s Visa and Mastercard payment rails via its on and off-ramp service.

In a statement released on Dec. 19, Alchemy said its customers should now expect better efficiency and customer experience when using their respective credit and debit cards to trade cryptocurrencies. Worldpay also plans to support Alchemy Pay’s non-fungible token (NFT) checkout thus making these tokens more accessible.

Before making the latest announcement, Alchemy revealed in late November that it had been issued with the Money Services Licence by the U.S. State of Iowa which effectively placed it in the same league as established payment providers. It has also been approved in Lithuania, Indonesia and Canada and there are plans to get licenses in the U.K. and Hong Kong.

Commenting on his company’s partnership with Worldpay, Robert McCracken, the Ecosystem Lead at Alchemy Pay, said:

Utilizing Worldpay’s extensive global reach, Alchemy Pay is now better positioned to assist our business partners and users in seamless cryptocurrency transactions worldwide, providing enhanced payment experiences and more favorable fee structures.

McCracken added that he is hopeful the collaboration will help make digital assets more widely available.

For his part, Nabil Manji, the Head of Crypto and Web3 at Worldpay, said Alchemy’s goal of fiat to the Web3 economy fits well with “Worldpay’s role in bridging the gap between traditional and digital finance.”

What are your thoughts on this story? Let us know what you think in the comments section below.

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