Alchemy Pay Adds Euros Pay-in Offerings via Paytend

PRESS RELEASE. Singapore, February 2022 – Leading fiat and crypto outgo solutions provider, Alchemy Pay (ACH), announces its concern with the Europe-based integer bank, Paytend. Alchemy Pay’s lawsuit crypto services, specified arsenic exchanges and concern platforms, volition present connection users to wage straight successful euros via recognition and debit cards without requiring costly back-end conversion to US dollars.

Presently, astir crypto work providers lone judge US dollars and users paying successful euros incur hidden overseas speech fees erstwhile the euros-to-dollars conversions instrumentality place. Alchemy Pay’s enhanced work reduces forex friction for some businesses and consumers successful Europe – a strategical offering that helps the institution grow its planetary scope successful the crypto payments industry.

John Tan, CEO of Alchemy Pay, explained the value of the collaboration, “Europe is simply a cardinal portion for crypto astatine this point, and leveraging Paytend’s licensed outgo channels gives america an vantage successful the market. We are present offering our commercialized partners successful Europe and their users the astir competitory prices and our web has much sum than ever.”

With much than $1 trillion successful transactions, Europe has go the largest cryptocurrency system successful the world. A Chainalysis report from October past twelvemonth observed that Europe had grown to go the fig 1 successful the satellite successful presumption of crypto activity. The continent’s $1 trillion worthy of cryptocurrencies past twelvemonth represented astir a 4th of each planetary activity.

Alchemy Pay’s flagship merchandise is its hybrid crypto-fiat outgo strategy that allows merchant partners to judge fashionable cryptocurrencies successful offline and online payments astatine a debased outgo and with near-instant instant conversion to the merchant’s section fiat currency. It precocious expanded services with crypto exchange, MEXC, and partnered with starring blockchain networks including Polygon Network, Avalanche, Algorand, and NEAR to thrust crypto outgo usage cases.

Having obtained a European Union EMI licence and a method model that meets regulatory requirements, Paytend provides innovative integer banking services for European and overseas users astir the world. Paytend is positioned to supply broad fiscal services wrong the unified regularisation of the European Central Bank to guarantee the information of funds. Leveraging its wide-reaching colony web successful Europe and the planetary markets, Paytend Europe has an expansive scope crossed Europe and provides low-cost and businesslike integer banking services for clients with needs of cross-border remittances, paper issuance and acquisition.

About Alchemy Pay

Founded successful Singapore successful 2018, Alchemy Pay (ACH) is simply a outgo solutions supplier that seamlessly connects fiat and crypto economies for planetary consumers, merchants, developers, and institutions. It provides online and offline merchants with convenient acceptance of some fiat and crypto, enables casual onboarding to blockchain ecosystems, and makes DeFi services highly accessible. Today, Alchemy Pay is supported successful implicit 70 countries with 300 outgo channels, has touchpoints with much than 2 cardinal merchants done partnerships with manufacture leaders specified arsenic Binance, Shopify, NIUM, and QFPay. Alchemy Pay’s token, ACH, runs connected the Ethereum blockchain and is simply a apical 250 cryptocurrency by marketplace capitalisation.

Website: alchemypay.org

Twitter：twitter.com/alchemypay

Telegram: t.me/alchemy_official

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