Alchemy Pay (ACH) integrates with Google Pay
As a result of another integration, the cryptocurrency payment aggregator Alchemy Pay has provided users of its platform with the ability to purchase cryptocurrency with fiat using payment cards linked to Google Pay.
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The integration makes the process of purchasing crypto assets more accessible to a wide range of investors due to the availability of fiat-to-crypto and crypto-to-fiat payment gateways, as well as NFT Checkout. Since their launch in June 2022, these solutions have become highly sought after by Web3 platforms and issuers of various tokens.
Partnership announcement
As smartphones, tablets, and mobile devices become more popular, the share of mobile payment systems in the payment market steadily increases every year. Compared to Apple Pay (which is also supported by Alchemy Pay), Google Pay covers a much larger share of the mobile device market. Considering that this system is available to users of any Android-operated device, Alchemy Pay has provided the opportunity to buy cryptocurrencies to the widest possible audience of its users.
Alchemy Pay's payment gateways allow users to purchase any crypto assets with different fiat currencies and store them on non-custodial wallets after purchase – all Web3 solutions are built on the principles of decentralization, which Alchemy Pay also supports.
In addition to Google Pay and Apple Pay, Alchemy Pay accepts Mastercard and Visa cards in 173 countries, SEPA transfers in Europe, and local payment systems and payment methods in Asia and Latin America. These include the mobile payment system GCash in the Philippines (60 million users), the OVO digital payment service (92 million users) and the Dana digital wallet in Indonesia (115 million users), as well as the instant payment system Pix in Brazil (116 million users).
Alchemy Pay's team expertise and competencies in building “bridges” between the traditional finance, fintech, and digital asset markets have allowed them to implement the most complex integration projects that competitors have had difficulties with. The success of the fintech startup has attracted the attention of such a payment giant as Visa, which has added Alchemy Pay to the list of official service providers (SP) as a Third Party Agent.
Thanks to years of experience working with cryptocurrencies, Alchemy Pay has managed to establish partnerships with well-known crypto services, exchanges, and blockchain platforms such as Polygon, Avalanche, Algorand, Binance, and Arbitrum. Although Alchemy Pay focuses on connecting as many fiat payment solutions as possible, promoting cryptocurrency mass adoption, it is also integrated with cryptocurrency services, such as Ethereum Name Service (ENS) and Binance Pay. There has been strong support for this from the community of digital asset owners.
Currently, Alchemy Pay supports Google Pay payments in the following fiat currencies: USD, EUR, KRW, SGD, AUD, TWD, TRY, CAD, JPY, AED, NZD, HKD.
The integration of Alchemy Pay's payment gateways, which provide the ability to buy crypto with fiat and vice versa, has been implemented by a significant number of DEX and CEX crypto exchanges, wallets, NFT projects, Play2Earn games, DeFi protocols, and more. Integration is carried out through APIs or plugins. As a payment gateway aggregator, the Alchemy Pay platform has built “bridges” with all major blockchain platforms and can provide support for any crypto asset on the market.
Conclusion
The addition of support for Google Pay has allowed Alchemy Pay to reach a wider audience and attract more users. As a result, the number of Alchemy Pay users may increase significantly, which could have a positive impact on the price of the native token, ACH. ACH is used to pay transaction fees and in Alchemy Pay's cashback program. Just two days after the announcement of the integration, the value of ACH doubled.
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