Alchemy Pay (ACH), one of the world’s leading crypto payment providers, has announced the forthcoming release of its ramps that will allow easy access to crypto and web3 services to users all around the world. The ramps are easily integrated on platforms such as DeFi protocols, NFT marketplaces, and metaverse virtual worlds, and enable direct purchase of crypto via credit and debit cards, mobile wallets, and bank transfers. Through its remittance partners, Alchemy Pay’s ramps also facilitate convenient offboarding from crypto to fiat with remittance capabilities to bank accounts in nearly 100 fiat currencies.
With its impressive network of global acquirers and remittance firms, Alchemy Pay now boasts over 300 fiat payment channels worldwide. Founded in Singapore in 2018, its strength in Southeast Asia is evidenced by its integration of countless popular local mobile wallets in the region where alternative payment methods and cryptocurrency are both experiencing the highest adoption rates of anywhere in the world.
Alchemy Pay’s founding team’s experience in the traditional finance and fintech payments space has long enabled it to gain acquirers where its competitors have struggled. Over the past 12 months though, it has also formed strong partnerships and payment integrations with leading blockchain networks such as Polygon, Avalanche, Algorand, and VeChain. It also forged the creation of Blockchain Infrastructure Alliance alongside these networks, and many more, to create synergies between members across all areas of blockchain technology.
As a result, the industry expects Alchemy Pay to integrate its crypto ramps on a large scale across multiple platforms and DApps in Q3 and Q4 this year. The ramps allow users to maintain custody of their funds while participating in web3 DApps and services. The partnerships with leading security firms provides their ramps with the highest standards of fraud prevention, chargeback protection, and KYC and AML processes.
John Tan, CEO of Alchemy Pay, said, “For a long time, the gap between fiat and crypto has been the main obstacle to web3 and crypto adoption. Direct fiat payments are crucial by bringing users into DApps. The ability to onboard users to platforms via a variety of global and local payments, and then offer the chance to cash out again makes for a seamless, user-friendly experience. We are expecting to make a huge impact on the web3 movement with these ramps.”
The Singapore-based company launched its crypto acceptance system which is now used by over 2 million online and in-store merchants in 70+ countries. The system’s payment channels remittance capabilities are now proving to be a solid foundation for the pivot to use for Alchemy Pay’s ramps.