Alchemy Pay Adds Euros Pay-in Offerings via Paytend – Press release Bitcoin News

PRESS RELEASE. Singapore, February 2022 – Main fiat and crypto fee options supplier, Alchemy Pay (ACH), publicizes its partnership with the Europe-based digital financial institution, Paytend. Alchemy Pay’s consumer crypto providers, similar to exchanges and funding platforms, will now provide customers to pay straight in euros by way of credit score and debit playing cards with out requiring expensive back-end conversion to US {dollars}.

Presently, most crypto service suppliers solely settle for US {dollars} and customers paying in euros incur hidden overseas change charges when the euros-to-dollars conversions happen. Alchemy Pay’s enhanced service reduces foreign exchange friction for each companies and customers in Europe – a strategic providing that helps the corporate develop its world attain within the crypto funds trade.

John Tan, CEO of Alchemy Pay, defined the importance of the collaboration, “Europe is a key area for crypto at this level, and leveraging Paytend’s licensed fee channels offers us a bonus out there. We are actually providing our business companions in Europe and their customers essentially the most aggressive costs and our community has extra protection than ever.”

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With greater than $1 trillion in transactions, Europe has turn out to be the most important cryptocurrency economic system on this planet. A Chainalysis report from October final yr noticed that Europe had grown to turn out to be the primary on this planet when it comes to crypto exercise. The continent’s $1 trillion price of cryptocurrencies final yr represented round 1 / 4 of all world exercise.

Alchemy Pay’s flagship product is its hybrid crypto-fiat fee system that enables service provider companions to just accept well-liked cryptocurrencies in offline and on-line funds at a low price and with near-instant on the spot conversion to the service provider’s native fiat forex. It just lately expanded providers with crypto change, MEXC, and partnered with main blockchain networks together with Polygon Community, Avalanche, Algorand, and NEAR to drive crypto fee use circumstances.

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Having obtained a European Union EMI licence and a technical framework that meets regulatory necessities, Paytend gives modern digital banking providers for European and abroad customers around the globe. Paytend is positioned to supply complete monetary providers inside the unified regulation of the European Central Financial institution to make sure the security of funds. Leveraging its wide-reaching settlement community in Europe and the worldwide markets, Paytend Europe has an expansive attain throughout Europe and gives low-cost and environment friendly digital banking providers for shoppers with wants of cross-border remittances, card issuance and acquisition.

About Alchemy Pay

Based in Singapore in 2018, Alchemy Pay (ACH) is a fee options supplier that seamlessly connects fiat and crypto economies for world customers, retailers, builders, and establishments. It gives on-line and offline retailers with handy acceptance of each fiat and crypto, allows simple onboarding to blockchain ecosystems, and makes DeFi providers extremely accessible. At the moment, Alchemy Pay is supported in over 70 nations with 300 fee channels, has touchpoints with greater than 2 million retailers by way of partnerships with trade leaders similar to Binance, Shopify, NIUM, and QFPay. Alchemy Pay’s token, ACH, runs on the Ethereum blockchain and is a high 250 cryptocurrency by market capitalisation.


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