Alchemy Pay’s fiat-crypto on-ramp now supports Apple Pay to allow users to purchase crypto quickly, easily, and securely. Since the initial launch of its ramp service in June, the Singapore-based payment provider has taken its payment network infrastructure and pivoted to direct-to-customer services with its On & Off-Ramp (plugin or API) and NFT Checkout – suitable for Web3 platforms and token issuers of all sizes.
Alchemy Pay currently supports Apple Pay in the following currencies: USD, EUR, KRW, SGD, AUD, TWD, TRY, CAD, JPY, AED , NZD, HKD. Note that non-US users may also pay with USD.
Across the world, mobile wallets are gaining payment market share year on year. Apple Pay takes a significant portion of that mobile wallet market – outside of China, Apple Pay has the largest transaction volume of any mobile payment service. Apple Pay is built into all Apple devices so there are no complicated processes for users. Now Alchemy Pay is making it a more convenient way to buy crypto.
Unlike using an exchange, Alchemy Pay’s ramp services enable a very direct way to make crypto purchases using fiat payment methods, while allowing users to custody their own crypto once purchased – a key feature of the decentralised Web3 movement. Beyond Apple Pay, Alchemy Pay supports Mastercard and Visa in 173 countries, and furthermore supports particularly high utility in Southeast Asia and Latin America by supporting highly popular regional payment methods in emerging markets such as GCash in the Philippines (60M users); OVO (92M users) and Dana (115M users) in Indonesia; Pix in Brazil (116M users)
Alchemy Pay’s founding team’s experience in the traditional finance and fintech payments space has given an advantage where competitors have struggled. Confirming its credentials in the traditional payments space, Visa recently listed Alchemy Pay as an official service provider within its Third Party Agent Program.
With years of crypto experience, Alchemy Pay has formed solid partnerships with major networks and services like Polygon, Avalanche, Algorand, Binance, and Arbitrum. While the team is focused on mainstream friendly payment solutions that connect everyday people to crypto, the recent integration of Ethereum Name Service (ENS) and support for Binance Pay have also won favour with crypto natives.
Alchemy Pay On & Off Ramp
Alchemy Pay’s On & Off Ramp has been integrated by crypto platforms and dApps such as DEXs, CEXs, crypto wallets, NFT Marketplaces, play-to-earn gaming, DeFi protocols, and specialist projects. The ramp solution is fully customisable and is integrated with full support via API and/or plugin. It supports Mastercard, Visa, and Apple Pay in 173 countries, as well as large scale banking systems such as SEPA in Europe. Beyond global and continental methods, the ramp supports major regional wallets across the globe with a particular focus on emerging markets such as Southeast Asia and Latin America. A full list of supported fiat payment methods, fiat currencies and current integrations are listed on Alchemy Pay 2022: Year in Review.
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